Word: sink
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Conversely, when investors see prices rising, they get overconfident--the hot-hand bias that leads folks to think a basketball player will sink his fourth shot after making the prior three, even though probability says the odds are the same for every shot. That explains sellers' reluctance to cut prices, Peterson says. Academic studies also suggest that frustrated sellers take their homes off the market rather than accept lowball offers. It happened in Boston in 1991, when condo prices tanked and two-thirds of the inventory was withdrawn for sale, says Chris Mayer, a Columbia Business School professor. Sellers then...
...what I consider to be a better perspective on life--I have felt responsible for the children of the world," says Madonna, resting before a London concert. "I've been doing bits and bobs about it, and I suppose I was looking for a big, big project I could sink my teeth into." The "better perspective" she attributes to Kabbalah, the study of Jewish mysticism. Her co-founder in Raising Malawi, as her new organization is known, is Michael Berg, the head of the Kabbalah center in Los Angeles and one of the driving forces behind the practice's growing...
...they scream. Snaring them is simple enough, says Nitin Desai, a conservationist at the Wildlife Protection Society of India-you set a few iron traps near a game-park watering hole, then wait for a tiger to take a wrong step. But when the trap's jagged metal teeth sink into its paw, the tiger howls-an alarm that can rouse a sleepy park ranger. So, a smart poacher will plunge a spear down the trapped animal's throat and tear out its vocal chords; then, at his leisure, he can poison or electrocute the cat-or, if the buyer...
...center in downtown Birmingham was a victim of a recycling crime. The center's lone bathroom was stripped of copper pipe, spewing gallons of water out during drought restrictions on water usage. Fortunately, a homeless man cut off the water. Still, the $12 worth of copper mined from the sink cost the small non-profit $800 in repairs...
...Rules and Bylaws Committee, which will decide. "He's working it hard," says one committee member, "and Nevada did a fantastic job when they did their presentation." But Arizona's charismatic governor, Janet Napolitano, has been on the attack as well. "Napolitano is putting everything but the kitchen sink in there," says committee member Donna Brazile...