Word: hocking
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...American home now occupies a place somewhere between the humble family hearth of old and the cold numbers in our bank and broker statements. It is like a family gem, to be displayed, enjoyed for itself and continually polished and cared for--but one that you might just hock or sell off to pursue gaudier baubles. It is a statement of aesthetics and values and financial acumen. "It is a way to express your good taste," says Atlanta Realtor Heather Steiner, "and to show how much smarter you were than your peers...
...underappreciated development: folks have gone so much deeper into hock that even the lowest interest rates in a generation haven't cut their average monthly household debt payments, which are at an all-time high and increasing. As rates rise, that will get worse...
...Robert Hock, a manager at Loews’ Harvard Square 5 theater, characterized the film’s box office performance as “okay,” despite fairly high expectations for its performance in the liberal, Kerry-friendly Cambridge area. Hock speculates that the timing of the film’s release was poor; strangely, he notes, “it might have been too late,” despite the rapidly approaching election, perhaps suggesting that cashing in on the massive public awareness generated by Fahrenheit 9/11 might have been financially beneficial...
...from true for the 300 or so athletes who will leave the Summer Games with a gold medal. Compete in one of the less popular sports--one-man flat-water canoe, anyone?--and the ultimate prize for athletic achievement could be worth little more than what you can hock it for on eBay. "It's not the gold medal where the value lies--it's the neck it hangs around," says Dean Bonham, a sports-marketing consultant in Denver who specializes in valuing sponsorship deals. To receive one of the rare seven-figure offers in Olympicsville, an athlete must have...
...forced to fire his campaign manager, Jim Jordan. He was forced to abandon his campaign in New Hampshire, where Howard Dean was clobbering him in the polls, and concentrate his assets on the uninviting cornfields of Iowa. And, speaking of assets, he was forced to go into hock, despite his wife's millions, and mortgage his primary possession--his Boston town house--in order to pay for the campaign. "I knew...