Word: benefit
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Dates: during 2000-2009
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...Another argument for buying local is that it enhances the "velocity" of money, or circulation speed, in the area. The idea is that if currency circulates more quickly, the money passes through more hands-and more people have had the benefit of the money and what it has purchased for them. "If you're buying local and not at a chain or branch store, chances are that store is not making a huge profit," says David Morris, Vice President of the Institute for Local Self-Reliance, a nonprofit economic research and development organization based in Minneapolis and Washington, D.C. "That...
...economic principle, velocity has been considered a constant. According to Gelleri, it was stable in the 1950s, '60s, and '70s but starting in the '80s velocity has decreased as more money has been diverted to the financial sector. This scenario may benefit financial centers, but money tends to drain away from other places. Gelleri says that both the Euro and the U.S. dollar have slowed way down. "In the last several months velocity has declined sharply because there's less GDP and more money," he says. "The money doesn't flow. More money is being printed...
...declined to characterize the results of the program in any way, saying that the participation rate speaks for itself. He also declined to comment on the costs or savings achieved by the program, but noted that it was primarily funded through assets set aside for the University's defined-benefit pension plan.Harvard's financial report for fiscal year 2008 showed an apparent surplus of nearly $300 million in the University's pension-plan assets after subtracting away benefit obligations of roughly $600 million, suggesting that the University may have been able to pay for the retirement incentives without its increasing...
...Azoff says the critics, whether famous, furious or both, are missing the point of the merger: that it would produce greater efficiencies in the music business, which theoretically would benefit ticket buyers and artists. The proposed megamarriage of Ticketmaster and Live Nation, if approved by regulators, would combine the country's largest ticketing company with the nation's biggest concert promoter. Since the $2.5 billion all-stock deal was unveiled in February, a throng of players, ranging from angry independent concert promoters to frustrated music fans, has been drumming the Department of Justice to block the deal, claiming the merger...
...Still, vertical mergers historically tend to benefit consumers, according to Antoine. "Anytime you have a vertical merger, it creates efficiencies," he said. "Whether this is helpful to the artist or consumer or ticket buyers is another debate...