Word: outright
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...outright opposition to the stimulus was a huge risk: after all, if the bill worked - and many independent economists believe it did manage to stave off a far worse recession - they could be seen as having been on the wrong side of history. As members wandered in and out of Cantor's conference room on the third floor of the Capitol that Monday, a consensus began to form. "The lesson learned from the stimulus vote was our members felt comfortable in taking that political risk against a popular President if we had a credible alternative, and we did," Cantor says...
Others are inclined to give big investors the benefit of the doubt. "If people are really stretching the law - doing outright harassment to remove tenants - that's not a good thing, but I don't think that most big institutional investors knowingly will target deals like that or knowingly target deals with partners where they think that might happen," says Andy McCulloch, senior residential analyst with Green Street Advisors, a property research shop...
Pawnshop companies make money by giving short-term loans to customers who offer jewelry, electronics, tools, musical instruments and other merchandise as collateral or by purchasing merchandise outright from customers at a steep discount. Loan terms are typically one to three months in length, with customers expected to cough up monthly storage and loan-servicing fees of 10% to 20% a month. If a customer fails to make a monthly payment, the pawnshop, following a grace period, can sell the item. (See the five big questions about retirement...
Would a second federal stimulus package improve your outlook? It would help the economy, and if applied through Fed programs in terms of outright purchases of assets, yes, I think it would help the markets. I do sort of expect another stimulus program in 2010 at some point, but it can't be a big one, because the American public and indeed the rest of the world is increasingly demanding some type of fiscal discipline...
...rubble of a demolished neighborhood. As China's economy has boomed, cities have undergone rapid transformation. Old neighborhoods are torn down and rebuilt with remarkable speed. And while some homeowners come away with substantial compensation and improved accommodations when their former residences are demolished, complaints of underpayment or outright corruption are frequent. Official investigations have uncovered more than 1 million incidents of illegal land takeovers in the first half of this decade...