Word: buying
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Target an Industry and Stimulate Demand Cash for Clunkers - the program that paid people $4,500 to turn in their old cars and buy new ones - is one of the most demonstrably successful federal efforts at stimulating the economy so far. Over the summer, General Motors and other car companies ramped up production - adding shifts and running plants on overtime - to meet the increase in demand. Now policymakers are talking about Cash for Caulkers, a program that would give homeowners an incentive to better weatherize their houses. The goal would be to create work for a construction industry that still...
...used to be that to buy gold you had to actually buy gold. In 2003, I went to Manhattan's 47th Street jewelry district to purchase a few hundred dollars in gold coins. When informed that I had to pay cash, I left and never made it back. Dumb move, I know, but indicative of the less-than-investor-friendly ways of the business. One could buy stock in gold-mining companies, but that added a layer of volatility and risk. Since 2004, however, it's been possible - through exchange-traded funds (ETFs) - to effectively own gold without the hassle...
...China is also learning that it can't keep a lid on political scandals overseas as easily as it can clamp down on information back home. In P.N.G., for instance, the local press has widely covered a government investigation into claims that corrupt local officials allowed Chinese immigrants to buy passports. In May Prime Minister Somare went so far as to implicate the immigration department, commenting, "We know some are saying, 'You give me a six-pack [of beer], and I'll give you a passport...
...addition, around this time of the season every year, the spirit chair of the orchestra sends out an e-mail written many years ago by a student whose Secret Santa had cruelly neglected to buy him a gift, according to Bloom...
...said Ilda Condori, an indigenous voter waiting outside a polling station in the impoverished city of El Alto that adjoins the capital, La Paz, 12,000 ft. high in the Andes. Looking down at her 8-year-old daughter, Condori added, "Because of Evo, I can afford to buy this one schoolbooks and some clothes every year." (See a video about how Bolivia's opposition is losing ground...