Word: stockings
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...room and a 12-car garage for Kim's projects. The estimated cost of the castle is about three times the $1.5 million the couple got for their previous home, in Southwick, Mass. They paid cash with money from the sale of their last property as well as stock. "Our generation is about potential and living out your desires, and that's just what we are doing," says Patricia...
...changing. Empty nesters increasingly view the housing market--even with a recent hike in federal interest rates--as a safe bet. For them, the term boomer might as well refer to housing boomers, who are building their own personal retirement homes instead of parking the cash in the stock market. "These people have the desire--and the money--to trade in the house that they lived in for 30 or 40 years and move into a home that has all the bells and whistles they've ever imagined," says Leslie Marks, executive director of the National Association of Home Builders...
...qualms about Greenspan are dwarfed by fears of what will happen in January when his term as a Fed governor expires. Most Fed watchers agree that Greenspan has done a superb job of shepherding the economy, especially since he has had to contend with two major stock-market corrections, assorted global financial crises, a rash of corporate scandals and 9/11. An economy's success is tied to confidence, and Greenspan has made believers out of marketmakers and policymakers...
...elected officials, the commission's report means nothing. Holmes Brannon Woodland Park, Colorado, U.S. Gaining by Losing Your numbers column said that John Antioco, CEO of the Blockbuster video - rental chain [April 11], received total compensation of $51.6 million last year as the company lost $1.25 billion and its stock fell 47%. Would it follow that if Blockbuster had lost $5 billion, Antioco would have raked in $200 million? Only in America do we condone such obscene payment for bad results. Blockbuster's board of directors should be tarred and feathered by the company's stockholders. Jeffrey Warnock Exeter...
...appropriate on Earth Day to reflect on the current state of our planet, to take stock of where we are, from whence we have come, and the challenges we face for the future. The score card is decidedly mixed...