31.   True, with inflation low, most homeowners are not seeing the kind of frenzy that once turned even modest houses into speculative investment vehicles.

32.   After a frenzy of speculative investment, the government has begun promoting foreign investment in low- and medium-cost housing.

33.   Banks have lost money financing golf courses, hotels and other speculative investments, or through graft by managers who took bribes to approve fraudulent loans.

34.   Chirac, during his presidential campaign this spring, rejected calls by his opponent to create a worldwide tax on speculative short-term investments.

35.   Fueling the public outrage is the fact that the lenders helped speculative investment schemes, rather than homeowners.

36.   Gone are the speculative investments that pumped up stock and real estate values ahead of the regional collapse.

37.   Hainan has long been particularly notorious for corruption and highly speculative investments.

38.   He said the situation allowed capital flowing into the region to go to speculative investments and unsound real estate projects.

39.   However, many Chinese banks and corporations suffer from high levels of non-performing loans coupled with speculative investments.

40.   Jospin, unveiling his platform Tuesday, presented a solidly leftist program of a shorter work week and a new tax to deter speculative investment.