Word: solding
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...February 2009, Travis Jackson, a young banker, bought Bernanke's childhood home in South Carolina in a foreclosure auction. Bernanke's family had sold the home more than 10 years prior, but the latest owners lost the house after falling behind in payments...
...World College of South East Asia were so long that expats were encouraged to register their children at birth in order to gain admission four or five years later. The cost of joining the Singapore Island Country Club and the American Club soared as transferable memberships were bought and sold on the open market like hot stocks. (See 10 things to do in Singapore...
...credit segment in the fourth quarter. "The company did great with its credit business when the economy was up, but now that it's down, carrying your own credit is devastating," says Davidowitz. At least Target can be grateful it made one smart move: in May, the company sold 47% of its receivables to JPMorgan Chase for $3.6 billion. Without that move, the devastation would be much worse...
...have enough problems with alcohol and abuse of pharmaceutical products. Do we really need to add yet another mind-altering substance to the array?" Lovell says the easy availability of the drug would lead to a surge in its use, much as happened when alcohol was allowed to be sold in venues other than liquor stores in some states. (Read why Dr. Sanjay Gupta is against decriminalizing...
...private investors when the simple solution would be to have Uncle Sam immediately wade in, grab control, wring out the bad debt and punish the malefactors. The more complex approach attempted to avoid the stigma and huge up-front costs of "nationalizing" banks. But "the Administration hasn't sold its policy efforts well enough," Zandi says. (Read "How to Spend a Trillion Dollars...