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...Indeed, says Boyle, many local economies are languishing not because too little cash comes in, but as a result of what happens to that money. "Money is like blood. It needs to keep moving around to keep the economy going," he says, noting that when money is spent elsewhere-at big supermarkets, non-locally owned utilities and other services such as on-line retailers-"it flows out, like a wound." By shopping at the corner store instead of the big box, consumers keep their communities from becoming what the NEF calls "ghost towns" (areas devoid of neighborhood shops and services...

Author: /time Magazine | Title: Buying Local: How It Boosts the Economy | 6/11/2009 | See Source »

...Crosstown rivals United, meanwhile, flush with the proceeds of Ronaldo's sale, are unlikely to squirrel the cash in the bank. The result? "It may well be the total level of expenditure this summer will break records," says Simon Chadwick, a professor of sport business strategy and marketing at Coventry Business School, but he adds that spending could be "heavily, heavily skewed toward a small number of clubs...

Author: /time Magazine | Title: Recession? Spanish Club Pays $130M for Ronaldo | 6/11/2009 | See Source »

...Meanwhile, UAW president Ron Gettelfinger, who is concerned about the cash drain on the union's health-care trust, or VEBA, is eager to sell the shares as soon as possible. He may have to wait, however. The timing of the sale would be up to outside advisers, and there would be at least three - one for the U.S., one for Canada and one for the UAW - who would all have to reach consensus on a strategy for maximizing value. That most likely means a gradual release of the shares once an IPO of the new GM has occurred. After...

Author: /time Magazine | Title: Could General Motors' Stock Rise Again? | 6/11/2009 | See Source »

...motivating the government, which for years has tried to support the growth of China's indigenous software industry. A prominent blogger who calls himself Imagethief wrote that he "detects the whiff of a sweetheart deal. Certainly the company that produced the software, Jinhui Computer System Engineering Company, will cash a nice check from the government, which will apparently underwrite the inclusion of the program." Jinhui Computer System Engineering, a private company based in Henan Province, currently offers the Green Dam Youth Escort software to the public as a free download. The government paid the company $6.1 million for one year...

Author: /time Magazine | Title: China Netizens Angry Over Web Porn Crackdown | 6/10/2009 | See Source »

...half hours and five-and-a-half-hours, and would be administered in a random order to each of the students. To boost the stress level in the students - who had already taken the SAT in the past and gotten into college - Ackerman and Kanfer offered a cash bonus to any volunteers who beat their high-school score. (See pictures of a public boarding school...

Author: /time Magazine | Title: Stress and Exhaustion May Improve SAT Scores | 6/9/2009 | See Source »

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