Word: cashed
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...addition to its multibillion-dollar deficit, California faces a severe cash-flow crisis and state controller John Chiang warns that the state could run out of money in July. California has the worst credit rating among the 50 states, so its leaders have pressed the Obama Administration and Congress to act as a co-signer on the state's borrowing. As with AIG, California officials argued, the state is too big to fail. "A fiscal meltdown by California ... would surely destabilize the U.S., if not worldwide financial markets," state treasurer Bill Lockyer wrote U.S. Treasury Secretary Timothy Geithner...
...library community recalls with horror the pricing fiasco that occurred when industry consolidation left academic journals largely in the hands of five publishing companies. The firms hiked subscription prices 227% over a 14-year period, between 1986 and 2002, forcing cash-strapped libraries to drop many subscriptions, according to Van Orsdel. "The chance of the price being driven up in a similar way (in the Google deal) is really very real," she says...
...extra in-flight pillow? Or rant about a flight delay? Tread carefully: your airline's staff may just be working for free. British Airways recently asked its 40,000 employees to consider laboring for nothing for up to one month. "Colleagues are being urged to help the airline's cash-saving drive by signing up for unpaid leave or unpaid work," read an article in BA News, the carrier's in-house newspaper. Chief executive Willie Walsh, who has pledged to forgo his $100,000 monthly salary in July, said the airline was caught in a "fight for survival...
...spite of the credit crunch, you have some cash to spare and enjoy fine wine, but need a little help sorting out your cellar, how about adding a personal sommelier to your speed dial? (See Time.com/Travel for city guides, stories and advice...
Conan's sensibility is less newsy and more surreal, scatological and self-referential. And he has a big self-deprecating streak: on his second show, he had a cash-strapped NBC send him on a wardrobe-shopping spree on Rodeo Road (not Drive) in South Central, where he bought a cornrow wig and a belt buckle that reads BITCH...