Word: selling
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David: "I guess the owner wants to sell as many as possible...She's using his name in order to make the business better. He's still an issue." [Okay, maybe not such a great deal after all. Bye David. I think I'll just go for some of this. At least it looks like Obama...
...equity could bolster the IOC's desire to return the event to the Americas. Rio would be the first South American city to host the Games, but there is grave concern about its ability to afford the significant infrastructure and security requirements. American Olympic officials are betting they can sell the IOC on Chicago's robust sports culture and the city's relatively harmonious ethnic and racial diversity. The Olympic Village is to be built along Lake Michigan, just south of downtown. An 80,000-seat Olympic Stadium is to be built in Washington Park, which is tucked between...
...tanked, then consumer spending plummeted, now business investment is nose-diving." Hey, at least it didn't all happen at once! Peter Morici, an economist at the University of Maryland's Smith School of Business, offered a gloomy scenario: "Lacking confidence that the demand for what Americans make and sell will recover significantly anytime soon, businesses are girding for a long siege - slashing employment and dividends and hunkering down," he wrote in an e-mail. "They are preparing for a depression and the eclipse of American leadership...
...just over three weeks. Many analysts say that there is no reason that the run-up should be so sharp. The rally would be more "sustainable" if the climb was gradual and slower. That is probably true. Cautious investors are inclined to sell stocks that move up quickly to lock in profits. They are afraid that the market can't go up forever. Those sentiments undercut future advances in stock prices. (See pictures of the Top 10 scared traders...
That's hardly the last of the red ink. In mid-March, the Treasury Department unveiled a plan to help banks sell the mortgages and other soured loans that are sitting on their books. The plan may save banks money in the long run, but it could be very costly over the next year or so. The reason is simply that many banks have only minimally written down the value of these troubled loans, and once they hit the marketplace they could be valued much lower. Geithner's plan offers cheap loans to investors to try to entice them...