Word: shorted
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...balance - the generally acknowledged best way to keep people in their homes, especially when they owe more than their house is worth. In markets where home prices have dropped most precipitously or where investors make up a large portion of the home buyers, the plan will probably fall far short of having much of an impact...
...given all the worrisome economic news and negative market momentum, what would it take to turn a market bullish? Says Roth: "I'd become more bullish if I saw traders get very bearish and sell out, taking short interest much higher relative to volume." Beyond that sort of investor capitulation he'd also become more bullish, he says, if there were a big drop in long-term interest rates, especially in corporate bonds, which could prompt investors to shift their focus to stocks. At the moment, he says, it's a waiting game...
...lower house soon, an exasperated Japanese electorate could hand the DPJ enough seats in a general election to take control of the Diet and choose a new Prime Minister. Aso may not survive as the nation's chief long enough to suffer that humiliation, though. "There's no optimistic short-term scenario for Japan," says Gerald Curtis, professor of political science at Columbia University. Aso "is going to have to quit...
...sharply restricts bonuses for the 25 highest-paid employees of any company that has taken bailout money. While Wall Street is unhappy about these measures, its bosses agree (publicly, at least) that they must do a better job of linking pay to long-term profitability rather than short-term jackpots...
...August, AirTran moved the departure time of its Orlando-to-Atlanta flight back by five minutes. Doesn't sound like much, but a five-minute delay in arrival in Atlanta meant the Gibsons had just 26 minutes to make their connecting flight - too short a window to be permitted. Therefore, Airtran's system automatically moved the family to an earlier flight to allow more than 30 minutes between flights...