Word: renting
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...efficient market, otherwise there's nothing to stop zealots from pricing things abnormally high. If you buy one of these long securities, called UMM, it's like buying a house, except you don't have to go through the real estate agent, take possession of a property, maintain it, rent it out. But we also have the DMM, which is short housing. Markets like this will also create an infrastructure for products. For example, insurers could issue home-equity insurance and then hedge themselves by taking a position in this market...
...More people than ever are using their refund to pay basic bills, according to an AP poll. For example, 31% said they were using their refund to pay credit card debt - up from 17% a year ago. The percentage using their refund to pay utility bills and rent or their mortgage has roughly doubled too. A slightly greater number say they will splurge on a new car (5%) or vacation (11%). (See 10 smart ways to use your tax refund...
...Trek, Angels & Demons, Terminator Salvation and Night at the Museum; and those are just the major sequels, prequels and remakes.) The last weekend in April is a kind of movie doggie day care, where Hollywood stashes its unwanted mutts until they can be unleashed on DVD. Given the low-rent release date of Obsessed, and Sony Screen Gems' refusal to screen it for critics, industry analysts predicted an opening weekend of $15-17 million. Yet the movie, which pairs Knowles with The Wire's Idris Elba as her victimized husband, transcended the reliable African-American constituency and lured a broad...
...challenging consumer spending environment, however, that $500 could be used for more essential purchases. A second language is nice, but it doesn't pay the rent. Another challenge for Rosetta Stone: the barrier to entering the language learning market is small. "While we think its unique self-study program is scalable, niche software developers like this rarely enjoy success over the long-term," Lemos wrote in an April research note. "There are many larger software companies with much greater financial, research and development, and marketing resources, and Rosetta Stone's recent success could draw these firms into the market...
Life is expensive and unbearable for the unemployed - who constitute more than 85% of the working-age population - yet they are "expected to pay bills at the end of the month," says Gonde. Residents in the crowded suburbs of the capital shell out $40 to $65 per month for rent. Water and electricity bills can be as high as $20 even though at least half the time there is no water or electricity. "It defies logic that we pay for electricity we do not have, refuse they do not collect and water that is dirty and frequently unavailable," Majiri rails...