Word: similars
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...they can combine the two national past times even further. In the midst of a historically awful week in the stock market, OneSeason.com, a new website that allows users to trade virtual shares of sports stars, made its debut. Sites like the Hollywood Stock Exchange have offered a similar market for actors and movies, and now the concept is trying to take root in the sports world. And while your cash isn't actually funding King James - don't expect a dividend check from his highness - the profits or losses are very real. "You've got a little skin...
...trade group was shocked to see the results of a similar survey they ran three weeks later, between Sept. 26 and 29. Thity-seven percent of companies said that as a result of reduced access to short-term credit, they had cut capital spending during the previous month. Twenty-six percent had frozen or reduced hiring, and 22% had considered layoffs. Ten percent had reduced inventory, and 7% had contemplated closing stores or factories. Workers and customers of the world, those are effects you'll feel...
...Thousands of Indians like the Reges are having similar doubts. Just as credit-happy Americans are being brought low by a housing-market meltdown and slowing economic growth, so too are Indians learning the downside of personal debt. Over the past five years, Indian banks, finance companies and retailers introduced a Western-style banquet of financial products to the country's rising middle class, whose members began tapping credit cards, consumer loans and installment plans to buy automobiles, washing machines, vacations - all those trappings of upward mobility that the few who could afford them once proudly purchased with cash...
...interest rate he pays on a $15,000 adjustable-rate home loan jumped from 9% to 12%. "There's no way I can [pay] that," he says. "I'll probably have to borrow from friends or relatives and curtail household expenses." Srinivas says a lot of people are in similar straits. Out of India's middle class of about 90 million people, some 20-30 million have taken on more debt than they can handle, he estimates. Rising rates of loan defaults appear to back up the claim. For example, nonperforming assets at ICICI Bank, India's largest private lender...
...have created fertile breeding grounds for insurgents. Every so often, our driver, Sami, would yell, "Checkpoint!" Our cameras would fall to the floor, and we would try to appear innocent as weary-looking soldiers scrutinized our authorization documents in a country still suspicious of journalists' motives. There was a similar procedure for my headscarf and abaya, conservative Islamic women's attire, which I removed in "safer" regions and put on in "dangerous" ones. The black shroud was stifling but necessary camouflage in areas where most women don them and where a second look from the wrong person can still prove...