Word: careful
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Dates: during 2000-2009
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...tired debate of not Big Government versus Big Business, but rather Big Citizenship,” he said. “All of us need to get involved in politics. We each need to be involved in service. We all need to pick our causes we care about and join others for change...
Pagliuca stressed both his experience in business, starting a venture capital fund that invested in health care companies, and his middle class roots...
...which both candidates eschewed. However, Khazei highlighted the personal wealth that Pagliuca, co-owner of the Boston Celtics and managing partner at private equity firm Bain Capital, was pouring into the race. Besides that, the two largely agreed on issues such as immigration reform and the current health care bill...
...China, senior-care costs are, for the most part, borne by families. For millions of poor Chinese, that's a burden as well as a responsibility, and it unquestionably skews both spending and saving patterns in ways that China needs to change (see Save More, below). For middle-class and rich Chinese, those costs are a more manageable responsibility but one that nonetheless ripples through their economic decision-making. Still, there are benefits that balance the financial hardship: grandparents tutor young children while Mom and Dad work; they acculturate the youngest generation to the values of family and nation; they...
...China, the household-savings rate exceeds 20%. It is partly for straightforward policy reasons. As we've seen, wage earners are expected to care for not only their children but also their aging parents. And there is, to date, only the flimsiest of publicly funded health care and pension systems, which increases incentives for individuals to save while they are working. But China, like many other East Asian countries, is a society that has esteemed personal financial prudence for centuries. There is no chance that will change anytime soon, even if the government creates a better social safety...