Word: carful
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Easier credit fueled a rush of small business start-ups and car sales (admittedly the last thing São Paulo's insufferable traffic needed). Even the wine market, once a purely upscale domain, has been democratized. São Paulo wine retailer Expand has seen sales of its mid-priced bottles jump 25% each of the past few years, and it has opened new stores in provincial cities like Fortaleza, where beer and cachaça (cane liquor) were once the only tipples. Expand's owner, Otávio Piva de Albuquerque, says he spends as much time helping...
...interest bank credits in recent years and now owns three shops that sell everything from shampoo to public-transit tickets. "I didn't have a bank account before," says Da Silva, 37, standing beneath graffiti-covered walls and pirated power lines. "I never had a car. I bought a Fiat Palio." Does she fear the global recession will quash her dreams? "I trust Lula. I don't think we'll be hit that hard...
Unfortunately it's too late to legislate that no one should be allowed a cell phone until he or she is at least 18 and fully licensed to use it. Every parent understands that handing over the car keys marks a fateful passage, so much more freedom and possibility, so much more risk and temptation. But cell phones took us by surprise: so small, so innocent, so powerful in the hands of a bored or twisted teen who now has an extremely efficient tool for wasting time, cheating on tests, organizing fights, bullying classmates, phoning in bomb threats, arranging drug...
...investigations into the people to find out, What does their economic situation look like?" she said. "One person who did this in the past--he has such severe debt, owns a home that was, like, $100,000, fights with his wife all the time, drives a junker of a car, doesn't have a pot to pee in. It just validated the fact that when people are so vindictive and they're really trying to slam you, it's because they're so desperate--they're trying to do anything to get noticed. I just feel sorry for them...
After her CNBC taping finished, Orman swept across the parking lot toward a waiting Town Car. Her longtime driver, Jean Germain, a strapping gentleman from Haiti, came rushing over to take a garment bag from her hands. In lieu of a bonus, last year Orman opened a retirement account for him and made the maximum contribution of $5,000. The cash is sitting in a money-market fund until she decides that the market has bottomed out. She plans to dollar-cost-average into exchange-traded funds and a few individual stocks, as she suggests doing in her books. (Read...