Word: cash
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...rickety vessels towards Australian shores. Many boats don't make it: In 2001, the SIEV X sank near the Indonesian island of Java, taking 353 lives with it. "The way the policy is at the moment there is very little that can be done to deter those with the cash and the contacts...
...collapsed, housing prices plummeted, and credit markets seized up. Not surprisingly, many recent converts to luxury shopping quickly reversed course and went downscale. But what caught retailers off guard was that long-time luxury shoppers grew more frugal, too. The widely publicized bailout of Bear Stearns, the takeout of cash-strapped Merrill Lynch, the government rescue of American International Group, the collapse of Lehman Brothers and the meltdown in the credit markets - all served to rattle the upscale crowd, as many work in the financial industry. Fashionable free-spenders morphed into penny savers...
Banks began charging interchange fees in the 1960s to cover the cost of processing credit-card transactions. "But even as technology has dropped that cost dramatically, banks and credit-card companies have pushed swipe fees higher and higher, turning it into a cash cow," the report notes. "For many businesses, swipe fees are now their single highest non-labor operating cost...
...campaign kitty is just one example, and a fairly modest one at that. (His opponent, Democrat Rob Miller, also raked in $1 million in new donations thanks to the outburst.) Michael Moore makes far more than that with his capitalist-bashing movies. The new Senator from Minnesota, Al Franken, cashed in handsomely with his conservative-taunting books. Or check out Beck Inc. to see how loudmouthing can earn you a river of cash...
...problem is that in the current economy, a number of already cash-strapped states can hardly afford Medicaid at current levels, let alone an expansion. Ohio, for example, would likely have had to cut back on its existing Medicaid benefits if it hadn't been for the stimulus funds the state received earlier this year. Many people on Medicaid also would be absorbed into the so-called exchanges in which lower-income people would purchase their insurance, a move that some Democrats don't like. "Everybody gets to keep the insurance they have except if you're poor, and that...