Word: riseing
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...help the continent work its way out of poverty by tackling dire problems in health and education. But with just a year to go, only $7 billion of the additional $21.5 billion has come through - with France and Italy accounting for the bulk of the shortfall, although that could rise to about $11 billion by the end of this year. The star of the donors is Britain, which is on track to become the first G-8 country to meet the target of spending 0.7% of its national income on aid. Still, the G-8 as a whole looks unlikely...
Striking a Balance Property owners big and small have been drooling over the development possibilities. For instance, the Georgelas Group is planning to scrap the car dealership and other low-rise buildings sitting on the 20 or so acres it owns in Tysons to create a mixed-use development near a soon-to-be-built train station. Aaron Georgelas, the group's managing partner, is happy to donate land to the street grid, since the county will allow him to build higher because of it. He also knows that tearing down revenue-generating buildings to put up new ones - even...
...Finally, rising interest rates are often a harbinger of good things to come. Yes, an uptick in interest costs can slow a galloping economy. But in recessions, like we are in now, higher interest rates usually signal better economic times ahead, not worse. For instance, the yield on the 10-year government bond rose nearly 20% in November 2001 - the last month of that recession. Indeed, many economists believe the rise in interest rates now signals a return to normal, and not a sign that we are in for more trouble...
...Interest rates always rise when things are improving," says Lakshman Achuthan, managing director at the Economic Cycle Research Institute. "If higher interest rates choked off recoveries, then we would always be in recession...
...typical household carries as a percentage of its disposable income. The ratio of debt to income increased from about 35% in the early 1950s to about 65% by the mid-1960s, where it more or less stayed until the late 1980s. That's when debt started its epic rise, hitting 100% of income in 2001 and going all the way up to 133% in 2007. (Read "Five Reasons for Economic Optimism...