Word: overhangs
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...longest time, we’ve been looking at aggregate price data, but we wanted to look at micro-data that are used to put together the aggregate price data,” said Gopinath, who plans to return to her previous research on the functioning of debt overhang economies and apply her findings to Greece’s current debt-heavy financial situation...
That's true. While the cost of housing can be an obsession in other cities, Berlin's plentiful supply of inexpensive pads is a key factor in its appeal. A big overhang of cheap apartments and abandoned factories and warehouses in the formerly communist eastern half has depressed prices throughout the city. Studio space is to be had for next to nothing. Even in Mitte, the center of Berlin's new Szene, newly renovated apartments rent for less than one quarter of what you'd pay in London. That's a big draw. But Berlin isn't just cheap. Some...
...lack of trying. In grade school I was one of those insufferable girls who used pink pencils and dotted their i's with little circles. I experimented with different scripts, and for a brief period I even took the time to make two-story a's, with the fancy overhang used in most fonts (including this magazine's). But everything I wrote, I wrote in print. I am a member of Gen Y, the generation that shunned cursive. And now there is a group coming after me, a boom of tech-savvy children who don't remember life before...
...turns out, that's part of the reason the banks are still resisting selling into the public-private program. "The government plan continues to face a number of hurdles, including too much government overhang," says Scott Talbott of the industry group Financial Services Roundtable. Government officials say the language in a recent Senate bill requiring recipients of government "public-private" dollars to submit to oversight by the special investigator of bank-bailout funds is scaring away both sides of potential deals. "We've run into reluctance on the part of buyers and sellers," says an official. (See pictures of retailers...
...this bad-debt overhang, however big it turns out to be, that is likely to cast a pall over the recovery for years to come. An economy, even the world's biggest, simply can't work its way out of a mess like that in a few months' time. So enjoy those green shoots as they sprout. They're good news, but they're not enough to live...