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...greater concern to many analysts is the pending expiration of the Federal Reserve program, which involved purchasing up to $1.25 trillion in mortgage securities backed by Fannie Mae and Freddie Mac. It could open the door to higher interest rates, although the Fed last week hinted that it would keep its benchmark rate near zero for the foreseeable future - a comment likely aimed at preventing panic. (See how Americans are spending...
...Other factors - rising unemployment, rate resets on certain adjustable-rate mortgages, shadow inventory and escalating foreclosures - could derail the housing recovery, especially in the absence of the federal programs...
...Based on those prices, a sold-out show would generate about $135,000 per performance. A sold-out week at full prices could generate as much as $1.1 million. At that rate, the show could be profitable in as little as two months, once you factor in the three weeks of previews, when ticket sales are likely to be light. Few plays, though, are able to generate that level of sales. The recent hit God of Carnage has had a handful of weeks when box-office sales topped $1 million. But that play, unlike Enron, had a number...
Facing the second highest HIV infection rate in the world, the Botswanan government has taken steps in recent years to increase access to antiretroviral drugs...
...that mostly reflect public confusion, seem intent on pushing "repeal." It remains likely that Democrats will lose seats this year, but those losses may not be as extensive now. A good measuring stick would be the 26 House seats lost in 1982, when Ronald Reagan faced a 10.8% unemployment rate. (See the top 10 political gaffes...