Word: sales
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...other hand, in a period of ballooning deficits, an energy bill has the advantage of seeming to pay for itself. The sale of carbon-emission permits would raise billions of dollars, money Congress could then disperse in the form of grants for alternative-energy research, tax credits for greening homes and businesses, and loans to retool inefficient industries - starting with Detroit's struggling automakers. Republicans doomed a Clinton-era attempt to do something similar by christening the plan a "carbon tax." For Obama to succeed, he would have to convince the public that this tax is truly an "investment...
...There's a lot to do over. Today in the greater Miami area, there are 110,000 single-family houses, condos and townhouses for sale. Some 55,000 new foreclosures were filed in the first nine months of this year, and an additional 19,000 properties were taken back by lenders. In many areas in and around the tri-county area of Miami-Dade, Broward and Palm Beach, the value of property has plummeted so much that in some instances, banks are willing to take less than one-third of a property's value just to staunch the flow...
Distressed sellers are the biggest problem. According to the National Association of Realtors, nearly 40% of all houses on the market today are owned by sellers who are either behind on their mortgage or owe more than their house is worth. Banks have to approve deals in which the sale price is below the mortgage owed, often called short sales, and bankers are not typically eager to go for such sales because they result in losses for the lender. Realtors, even the ones who know how to work their contacts at banks, say it takes at least two months...
...IKEA. Two, buy what’s on sale at IKEA. Warm up your room with a rug and troll your family’s storage,” he says. “And don’t buy dorm-focused things. The market is full of fluffy cute things for your room that will end up cluttering everything...
...sell approximately $1 billion of its private equity portfolio on the secondary market. As of June 30, HMC’s planned allocation to private equity for 2009 was up to 13 percent of the University’s endowment, or just under $4.8 billion, meaning that the proposed sale would comprise nearly a quarter of its private equity assets. HMC Director of Private Equity Peter Dolan could not be reached for comment, and University spokesman John D. Longbrake declined to confirm the sale due to Harvard’s standing policy not to “discuss investment strategies...