Word: cashed
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...build hospitals and clinics to extend healthcare to 90% of the population. Along with these very long-term efforts to boost consumer confidence, the government has also implemented short-term measures to spur on spending. Car sales this year have been boosted by tax breaks and China's own "cash-for-clunkers" program. Xu Zhanrong's Wuling minivan sales have been helped along by a special 10% rebate offered on certain vehicles to residents of rural areas, who make up a majority of Xu's customers. (See TIME's photoessay "China Rebuilds.") (See TIME's photoessay "China's Electronic Waste...
...political economy at the MIT Sloan School of Management, says that the government needs to do much more to accelerate the income growth of poor Chinese if consumer spending is to play a bigger role in the economy. The average Chinese, he says, doesn't have as much cash to spend as many people think. Actual household income per capita is only about half of GDP per capita, compared to 80% or more in other major economies, placing "a cap," Huang says, on consumer spending. The problem is that income growth among rural dwellers and migrant workers badly trails that...
...hand to cover any unexpected losses in its $685 billion portfolio. That paltry level of reserve funding, less than is mandated by the government, has left some members of Congress in a twitchy mood and some onlookers to wonder if the FHA will eventually need a massive infusion of cash. (See high-end homes that won't sell...
Though most museums around the world have strict policies on disposal (some prefer the term "deaccessioning"), they rarely shine a light on the process. They have reason to - there have been numerous public outcries over downsizing collections in recent years, especially when museums try to sell items. Cash-strapped Brandeis University in Waltham, Mass., was sued in July by art donors for moving to shut down its Rose Art Museum and sell off part of its $350 million collection. Last month, the university backed down and agreed to forgo the sale...
...prove that he was born ready to compete with hip-hop heavyweights like Jay-Z and Kanye West, Wale goes all out to make “Chillin” stand out. While establishing his hip-hop skills by rapping about the tried and true subjects of cars, cash, and clothes, Wale also samples from “Na Na Hey Hey Kiss Him Goodbye” by the long-forgotten 1970s pop band Steam and welcomes Lady Gaga onto the track. “They keep sayin’ whale, but my name Wale” he complains before...