Word: pricings
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...Build America Bonds have proved popular, they may also end up being costly. Already, the volume of bonds issued means the federal government is committed to spending a billion dollars in the first year of the program alone. The final price tag may end up reaching $90 billion...
...economy shouldn't expect a Christmas gift. "It's a heck of a challenging time," says Mark Israel, president of Hearts on Fire, a high-end jewelry maker, "and we have to respond." Israel says Hearts on Fire will sell more products than usual below the $3,000 price point...
...better paid. His presumption is that if you don't pay pilots well you're going to get lower-caliber people coming in. I doubt that very much. What drives people to fly airplanes doesn't have much to do with money: they'll do it at a low price, they'll do it at a high price. And despite the terrible loss of income and prestige that pilots have suffered over the last 30 years, they are still making a middle-class income. (Read "Surviving Crashes: How Airlines Prepare for the Worst...
Such exuberance is both good news and bad for China's leadership. The revival of the real estate industry is a key reason that China's economy is emerging from the global recession with such strength. But frothy increases in home prices are also fueling concerns that the property boom could turn into an unstable and dangerous bubble. According to government data, property prices in 70 cities rose 3.9% in October from a year earlier - the largest increase in 14 months. In 20 of the cities, prices jumped more than 1% from the month before. The phenomenon isn't limited...
...stimulus tap open, the greater the danger that the good times in Chinese real estate could turn ugly. Louis Kuijs, a China economist at the World Bank in Beijing, commented in early November that even though Chinese policymakers may not need a "major tightening" right away, "risks of asset price bubbles and misallocation of resources in the face of high liquidity need to be mitigated." Kuijs concluded that "the overall monetary stance will have to be tightened eventually." Beijing's big test is to make sure that doesn't happen too early - or too late...