Word: pricing
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...especially the Saudis, like friendly members of the Society of Important Countries rather than the criminal conspiracy they are. The second humiliation is that the meeting didn't work. The small gratuity offered by the Saudis of a modest increase in pumping had virtually no effect on the price of oil, which remained above $130 per bbl. The third humiliation is that by going to this meeting and begging the Saudis to increase production, the U.S. revealed its complete ignorance of basic economics...
...goal of this financial finagling: to pocket the difference between the $400,000 loan and the actual $216,000 purchase price, and then simply abandon the home and force the banks to foreclose - sticking them with property worth far less than the amount they had loaned. It was a textbook attempt to beat the system: fraudulent paperwork, straw borrowers, all concocted by real estate professionals...
...plan unraveled within two months. Only two units were "sold," prosecutors say, and a bank wire transfer of $690,000 to an account held by Rivera led to the arrests. The bogus sale price of the homes may have been the giveaway. "Generally, where there's been the fastest price appreciation is where we've seen the greatest incidents of mortgage fraud," says John Mechem, spokesman for the Mortgage Bankers Association...
...doesn't come cheap. A cycle of stem-cell treatment generally costs $2,000 to $4,000, including the extraction, surgeries and follow-up. (Canine hip-replacement surgeries, however, can be about four times as expensive.) Robert Harman, Vet-Stem's founder, says that because of the steep price tag, he initially thought wealthy horse owners would be his primary clientele. "Turns out there's not quite the same emotional attachment to horses as in the small-animal world," Harman says. "It used to be if your dog got sick, you just got a new dog. Now people want...
...While the data doesn't show is if all this increased searching correlates with increased buying. But it does show a dramatic change in how people are thinking about shopping and inching ever closer to a wired, price-conscious ideal...