Word: cashes
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...used to be that to buy gold you had to actually buy gold. In 2003, I went to Manhattan's 47th Street jewelry district to purchase a few hundred dollars in gold coins. When informed that I had to pay cash, I left and never made it back. Dumb move, I know, but indicative of the less-than-investor-friendly ways of the business. One could buy stock in gold-mining companies, but that added a layer of volatility and risk. Since 2004, however, it's been possible - through exchange-traded funds (ETFs) - to effectively own gold without the hassle...
...University of California regents board voted Nov. 19 to hike education fees 32%, spurring students across the system to barricade themselves in buildings and clash with police. Cash-strapped pupils say the increase, scheduled to take effect next fall, will force many to drop out or transfer to community colleges. UC president Mark Yudof said the measure was unavoidable because of the state's ongoing budget crisis...
...Some countries, however, are no longer as willing to extend a red carpet toward the globetrotting Chinese. Although political strings might not come with Beijing's cash, there are economic catches. The roads, mines and other infrastructure on offer are most often built by armies of imported Chinese labor, cutting down on the net financial benefit to recipient nations. Chinese companies investing abroad also tend to ship in nearly everything used on building sites, from packs of dehydrated noodles to the telltale pink-hued Chinese toilet paper. It's not only the contracted Chinese workers who show up, either. Within...
...land is mystifying to Chinese schooled in the communist principle of state ownership. At Ganglau village, a collection of shacks fronting a bay teeming with dolphins and tuna, community elder Mou Bilang complains that most villagers haven't been compensated for the loss of land once used to plant cash crops, save a $125 "dust payment" issued as an apology for the dirt the project has kicked up. "The Chinese promised us free electricity, free water supply, free job training for our boys," Bilang tells me. "But they have delivered nothing." Tensions reached a crisis point five months ago, when...
...five SIG restructuring options available to such underperforming schools, the most commonly chosen simply requires schools to make some change, any change - such as a new curriculum or extra training for teachers. Weak sauce, in other words. With this new $3.5 billion, districts (which will compete for cash obtained by states through the application of a formula) will have to show that they are ready for and capable of implementing one of four rather dramatic strategies: (1) replacing the school's principal and at least 50% of its staff; (2) closing the school and reopening it as a charter school...