Word: cashed
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Every night at 11 p.m., the village of Dörentrup in central Germany is thrown into total darkness. Strapped for cash for the past few years, the local council has taken to switching off all the streetlights. But while the scheme saves money, it left residents like Dieter Grote and his wife worrying about their children coming home in the dark. "My wife has all the good ideas," says Grote, who runs an advertising agency. "I discussed the problem with her and we thought it must be possible to have the lights available on demand." Grote got in touch...
...questions surrounding the quality of its performance. The People's Bank of China, the central bank, is giving great gobs of money to state-owned banks that, with Beijing's forceful encouragement, are lending to state-owned companies participating in infrastructure construction. Skeptics are frightened by the amount of cash being shoveled out the doors. The central bank recently announced that new loans in June totaled $224 billion. That was more than double the previous month's amount and brought new bank lending in the first six months of the year to nearly $1.1 trillion, exceeding the total...
...cottage-filled North End neighborhood in 1994. The Judges, members of that rare breed of Americans who stash a decent slug of income in savings, put down $50,000 and mortgaged the rest. A couple of years ago, they paid off the loan. "Friends used to say, you can cash out your equity and do so much stuff. You could travel," says Michael. "Well, instead of getting the four-wheelers and the boat, we paid off our house...
...handful of builders are now pushing play. Because for some, we have reached an era of land deals too good to pass up. Last fall, GMAC, the onetime finance arm of automaker General Motors, was in meltdown mode, begging the government for funding and trying to raise cash. One salable piece of its portfolio: 84 homesites in Hidden Springs. Jim Hunter, of Boise Hunter Homes, was there to buy. Hunter figures GMAC had already plowed about $88,000 per lot into the neighborhood by laying down streets and sewer lines. In the fire sale, he spent...
...water and hurt salmon runs, among other atrocities. And the benefits will be exhausted within 50 years. I'm all for a sustainable resource like fish, which will bring jobs and provide profits for many more years to come. Also, there's great potential to earn cash through things like solar cells, especially in the land of the midnight sun. Maybe we can reconcile traditional culture and the modern world--and make money in the process. Aaron Warner, SEATTLE...