Word: resoldered
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Dates: during 2000-2009
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...containable: U.S. borrowers with bad credit history started (surprise, surprise!) defaulting on their mortgages. But that meant trouble for more than just the mortgage company or the bank that made the loan originally. Since the 1980s, individual mortgages have been packaged into bundles (so-called mortgage-backed securities) and resold to investors. Soon after came so-called derivatives, exceedingly complex investments that often trade based on the relationship between two or more underlying markets - mortgage-backed securities, say, and 10-year Treasurys. These products have been sold and resold literally the world over, and it's no surprise...
...than anyone else," says Ticketmaster CEO Sean Moriarty. Since teams usually limit the ticket prices that sellers can charge, TicketExchange eliminates both the deep discounts and the outrageous premiums. StubHub's response: the market should set the price. "Could you imagine if Ford said every time our car is resold, we should be making money on that?" says Jeff Fluhr, former CEO and founder of StubHub...
...what is a fair price for a hot concert ticket? All this competition may finally sort that out. Concert organizers underprice shows to attract interest, but fans end up paying an average of 45% above face value for resold tickets, according to a study by Alan Krueger, economics professor at Princeton University. Sites like StubHub are, in effect, helping to determine the correct price for tickets; even Ticketmaster now uses an auction to price some premium seats. For music fans, that means the days of camping overnight for a front-row ticket are truly over. But they...
...cones to set up a roadblock down the street, so that if police arrive there will be sufficient time to warn those inside. In many cases, the wedding coordinator is able to fend off the police with an ample bribe (cash or cases of alcohol, which can later be resold...
...much as $500,000 an episode, compared with $200,000 for sitcoms five years ago. Touchstone's Ugly Betty is on its second global lap. Based on the wildly popular Spanish-language telenovela Yo Soy Betty, la Fea, it was redeveloped for a U.S. audience and is now being resold in Europe and elsewhere--in some cases dubbed into Spanish...