Word: bets
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...Counting on Chinese consumers, however, may not be a sure bet. Some economists had thought that increasingly wealthy Chinese, with their appetite for cars, mobile phones and Big Macs, could help fill the breach opened by retreating American spenders. But that hope, too, is fading. Though Chinese spending is so far holding up - retail sales of consumer goods jumped 23% in September - household consumption, at only 40% of GDP (compared with about 65% in industrialized countries), isn't yet substantial enough to maintain China's high growth rates. "I don't think [domestic spending] will replace what has been lost...
...dollars you could borrow for every dollar of wealth you had. It meant borrowing other people's money to invest in something you wanted to invest in, or to buy something you wanted to buy. On Wall Street, debt funded investments in pretty much everything a financial firm could bet on, including the toxic mortgage-backed securities that led the way into this crisis. On Main Street, it meant borrowing to buy a house or a condo - maybe two - then perhaps borrowing again off the increasing value of that property to pay for something else: a flat-screen...
Given the commercial airline industry's financial straits, chartering a private mile-high flight may be your best bet. "When do you ever see empty seats [anymore]?" June says, observing that the frequency of on-board trysts has recently dipped. But the mere lack of privacy (or blankets or booze) isn't likely to stop the most determined couples. Rachel Kramer Bussel, editor of the upcoming collection of erotica, The Mile High Club: Plane Sex Stories (Cleis Press), says, "I think it depends. Anyone who's horny and creative enough can find...
...been thinking, Oh, my God, this could be bad. But I feel pretty powerless to do anything. I figure, what goes down will come back up. Maybe we've seen the worst of it." Maybe. The fate of the economy could depend on how many Americans are willing to bet...
...another, 15 seconds. I'm here because you're important. I'm here because you matter. They sent me here because you and the people who don't want to answer this question matter more to my magazine than any other Americans. Please teach me. Educate me.'" I bet Luntz doesn't go home alone very often...