Word: problem
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...famed French Laundry restaurant in Napa, Calif., where the two chefs work. It gave the presentation a delicious, locally grown flavor that could only be American. Sadly, in a context where extravagance and adherence to the rules of classical cooking take precedent, that might have been part of the problem. The U.S. team placed sixth. The Norwegians won gold, Sweden took silver and France bronze. (See pictures of Bocuse...
There's only one problem: the Internet is kind of boring. The video is eight and a half minutes long, and no matter how hard Bilgil tries, it's tough to make phrases like "accelerated knowledge transfer" and "interface message processor" visually interesting. The part about the Cuban Missile Crisis (illustrated with missile-shaped dots and arrows) is pretty cool because, well, it involves missiles. Apparently, the U.S. military developed a decentralized computer network so there wouldn't be a main hub for Russians to take down with a bomb. I never knew that before; now I can thank communism...
...then home prices could be expected to fall even further. Major layoffs - there are more each day - keep downward pressure on home prices, since people without jobs are less likely to buy a house, or even to make the payments on the one they have. Foreclosures exacerbate the problem, as banks tend to sell repossessed properties on the cheap. December saw a surge in existing-home sales, especially out West, but 45% of those were distressed sales at discounted prices, according to NAR. (See which country has the best stimulus plan...
Beyond the state of the economy, the problem is that in many markets, houses still cost too much. Housing consultancy Zelman & Associates compared what houses cost with how much people earn and found plenty of markets - including Seattle; Miami; Norfolk, Va.; Philadelphia; Los Angeles; and Salt Lake City - where homes would have to shed at least 30% more in value to get back to being as affordable as they have been historically...
...there are strong arguments to thwart the doubters. Toxic assets may never be worth close to the government's purchase price. The most serious problem is that taxpayers may never see any return at all on that capital. That case cannot be made about land. Keeping up property owned by the government is employment worth creating because it hastens the time that the property can be viewed as valuable and salable. The federal government plans to rebuild monuments in Washington at an estimated cost of $400 million. This money might be better spent on maintaining real estate bought as part...