Word: cashed
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...people who don't have enough money to send their kids to college or buy a home, building their 401(k), they are told, is their first priority. It's not terrible advice. The accounts grow tax-free, though you have to pay Uncle Sam's levy when you cash out. Unlike health coverage, you don't lose your 401(k) when you lose your job. And once you set the account up - a minor task at most companies - it's automatic, making it an easy, thought-free way to save. Indeed, Americans have more saved specifically for retirement than...
...needs to be replicated in more schools and by more former soldiers, say observers. As the program stands, participants must teach in a high-need district - one with "a poverty rate of at least 20% or at least 10,000 poor children" - in order to receive the $5,000 cash assistance. And a $5,000 bonus is available to teachers who land in schools where "at least 50% of the students are from low-income families or the school has a large percentage of students who qualify for assistance under the Individuals with Disabilities Education Act." (See pictures...
...also given more than $3 billion to the Japanese automaker Nissan, which has promised to spend the cash in the U.S., mostly in Tennessee, which is in the grip of its own auto recession...
...contractor as he finishes the joke. "If you want to get through the mountain passes, you fight or you pay." Like most contractors interviewed for this article, he preferred to remain anonymous because the U.S. and NATO have understandably strict rules about paying bribes to the Taliban, since that cash can in turn be used to buy more arms for fighting U.S. and NATO forces. NATO observes a "Don't ask, don't tell" policy on such payments. "We know that sometimes the contractors pay bribes to get the trucks through," says a NATO officer, "but they're not required...
...academic exercise. Excess capacity directly affects the biggest question facing policymakers today: when to exit from stimulus programs that were introduced to combat the recession. Everyone agrees the cure for excess capacity is increasing demand, whether it is generated through a fundamentally strengthening economy or through artificial means like "Cash for Clunkers" measures. Turn off the tap too quickly before normal demand recovers, and the downturn could persist. "The best way of reducing excess capacity is by not prematurely unwinding stimulus spending," Lin of the World Bank told TIME...