Word: cashed
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...more than offset by savings in commercial nitrogen, insecticides and herbicides. In Africa, where labor is cheap and capital scarce, the benefits would be magnified. According to Indian environmentalist Vandana Shiva, past green revolutions boosted production of wheat and rice at the expense of other food. Using land for cash crops, she argues, actually decreased total food production. "You're losing because you're measuring only the single commodity," Shiva says...
...Gayoom's supporters point to the influx of foreign cash that flooded into the country after he assumed power. His government opened dozens of the archipelago's islands to international tourism, which now directly contributes to 30% of the Maldives' GDP. In a country short on land, construction became a lucrative business: the cramped capital Malé, where more than a third of the population lives, is a maze of concrete. Rents sometimes match those of world cities such as Hong Kong or New York City, and a bleary-eyed community of foreign laborers hammers away at building sites daily...
...looks more and more U-like--one in which a rebound takes time. That's the picture Roubini is painting. He says no amount of government stimulus can make us shoppers again--we have too much debt. When paychecks resume or start to grow again, lenders will get that cash, not retailers. Consumer spending made up as much as 70% of the economy before the bust. With less shopping, Roubini says, there is little chance for a quick rebound. "If we do everything right, we can avoid an L-shaped near depression, which you don't recover from," he says...
Downshifting on consumption is tough, when the intuitive way most people think about cutting back is to trim daily cash expenditures--especially the petty indulgences--on the fly. There's a danger, though, in forcing yourself to save $4 a day by passing up Starbucks every morning. "If you feel like you're acting poorer, you may not last," says Mackey McNeill, a CPA and personal-financial specialist in Covington, Ky. "It's like bingeing on a diet--you feel so deprived, you go shopping, and the next thing you know, you've got $1,000 on your credit card...
...right frame of mind. For every dollar you cut out, you could put 50¢ in the bank and 50¢ toward buying something fun--so being thrifty morphs from denying yourself what you want into anticipating what you're going to buy. When you do buy things, use cash. Handing bills over the counter underscores what you're spending in a way that swiping a piece of plastic never will...