Word: tractioned
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...bond-trading scandal that embroiled his government in allegations of corruption, however, Karamanlis in August called for elections six months ahead of schedule, hoping to win a fresh mandate. Since then, attempts by his opponents to ride on Greece's wave of discontent have gained little political traction for PASOK, whose mild-mannered leader George Papandreou has failed to lure leftist voters with his thumping criticism and negative campaigning...
...anything be done to halt such excess? Keynes proposed taxing financial transactions to discourage speculation, an idea that remains popular in antiglobalization circles but has never gained traction with U.S. lawmakers. Shleifer favors protecting consumers from some financial-market excesses--via mortgage lending regulations, for example--but is dubious of attempts to rein in markets themselves. Bogle has argued that professional investment managers wouldn't run off the rails so often if they were forced--by custom and by law--to place more emphasis on moral and fiduciary duty. The unavoidable reality, though, is that the pros simply...
...easiest, yet least lucrative, way to invest in foreclosed homes is to buy one after it has been repossessed by the bank. Many lenders list REO ("real estate owned") homes on their web sites, and large auctions run by outside companies are gaining serious traction, too. These are outfits like Hudson & Marshall and Real Estate Disposition Corporation (REDC) that come to town, advertise like crazy, then auction off hundreds of bank-owned properties in a hotel ballroom in a single day. In the current climate, business has taken off: Hudson & Marshall is selling 40% more homes now than...
...that this really matters to the determined activists of CACMA, who are convinced bullfighting is losing traction in Spanish society. That notion is disputed by Ruiz Villasuso, who says this year's attendance will hit record heights. Moreno Abolfario counters by saying that even more famous fighters will now perform in portable rings, temporary and therefore unprestigious corridas set up in smaller, less affluent towns. "Five years ago," he says, "none of the main stars would fight in a portable ring." With the decline in attendance, he argues, they are now forced to. "[In Spain] young people pass on bullfights...
...move that's anathema to the West, but gaining traction amongst people sick of the constant fighting, and increasingly willing to do anything to stop the violence. "What is wrong with talking to the Taliban? Look at Northern Ireland. They were considered terrorists once, and look how that all ended. With glasses of champagne," says Ahmadzai...