(Chicago) West Side clergymen Wednesday hailed the disbanding of the Chicago Police Department`s Special Operations Section, which has been marred by scandal and alleged misconduct. CBS 2`s Dorothy Tucker reports. .
* Seven dead after U.S. shooting spree* Iraq calls Blackwater deaths unprovoked* Helicopter crash mars Musharraf trip* Costa Ricans back U.S. free trade deal* Retail therapy embraces Hong KongDarcy Lambton reports
* Myanmar crackdown claims more lives* US demands immediate halt to violence* Leading polluters consider climate change* Musharraf files for re-election bid* North Korea nuclear talks resume* Solar-powered space mission underwayDarcy Lambton reports.
Auction
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An auctioneer and her assistants scan the crowd for bidders
An auction is a process of buying and selling goods by offering them up for bid, taking bids, and then selling the item to the winning bidder. In economic theory, an auction is a method for determining the value of a commodity that has an undetermined or variable price.
There are several variations on the basic auction form, including time limits, minimum or maximum limits on bid prices, and special rules for determining the winning bidder(s) and sale price(s). Participants in an auction may or may not know the identities or actions of other participants. Depending on the auction, bidders may participate in person or remotely through a variety of means, including telephone and the internet. Auctions are generally funded by a fee paid by the seller to the auctioneer or auction company.
