Word: profitably
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...trend is supporting a growing number of small farms that might otherwise have gone under. Since Sorell began raising old breeds, his farm income has doubled, to $40,000 a year, and could grow bigger when his Red Wattle pork starts getting ground for sausages and hot dogs. But profit, he says, is not the point. "I don't like to see things disappear," he says--not small farms or Red Wattles...
...basic health-care essentials. After all, the U.S. Congress just gave the Bush Administration an added $82 billion to spend on the war. So now even more U.S. taxpayer money will go to Iraq reconstruction efforts, and some of it will disappear in the process. Companies like Halliburton will profit and wounded Iraqi citizens struggle to survive as overwhelmed Iraqi doctors and nurses fight to save them with outdated or inadequate medical equipment. Good luck winning the hearts and minds of the Iraqi populace with such underfunded and mismanaged efforts. Eric J. Morrow North Cedar City, Utah...
...jockey from Long Beach, Calif., is available for weddings and birthday parties. He also does real estate closings. Williams, 40, recently decided to hitch his fortunes to the Southern California home market, buying houses, fixing them up and--in the parlance of our times--flipping them for a quick profit. "I saw so many friends and colleagues getting rich," he says. "I wanted to get rich...
...down, interest-only and "negative amortization" (in which you wind up paying so little each month that your loan amount grows larger, though hopefully your house's value rises faster) mortgages are on the rise. Such loans can pay off--if you sell within a few years at a profit. But if interest rates rise and home values stall or--gasp!fall, those borrowers may become overwhelmed by steadily rising payments. (Household monthly debt costs are already at an all-time high.) Even the bullish Lereah is concerned about the loose lending practices. Such trouble would have repercussions...
...boom. A coldhearted investor could say the Connellys, for all their success, screwed up. Little Gobles is not exactly the white-hot center of the real estate inferno. If they had continued trading up for nine years--buy, fix, sell, buy, fix, sell--there's no telling how much profit they could have made. (Their Chicago house, they say, would now sell for more than $750,000.) And if they had plowed that profit into a second investment property ... and a third...