Word: creditably
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Dates: during 2000-2009
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...money. If your style is to limit your bank withdrawals, get ready to be labeled parsimonious, penny-pinching, miserly, niggardly or cheap: in short, a skinflint. In recent decades, though, there have been fewer and fewer people in those categories. Americans have been more likely to reach for their credit cards, or to scramble to sign new mortgages...
...Profligacy is out. Frugality is in," he declares in his inspirational self-help book, The New Frugality: How to Consume Less, Save More, and Live Better. Farrell is so enthusiastic in his mission to promote a more sensible lifestyle that he makes the reader want to burn a credit card. Save more, pay off your debts and borrow less, and you can join Farrell's brigade...
Last Tuesday, President Obama delivered a speech to the Brookings Institute outlining major proposals to promote job growth. These initiatives included small-business tax credits, the use of $200 billion left over from Troubled Assets Relief Program funds to support business hiring, and increased public infrastructure spending. The most novel initiative is a new tax credit to promote energy-efficient homes that will hopefully invigorate the green jobs sector...
...funneling the money left over from TARP funds toward businesses’ hiring credits, the government will hopefully bring down the remarkably high unemployment rate. According to Obama’s plan, tax credits will be given to industries that employ a certain number of low-skilled workers who would otherwise likely be fired as a result of the economic downturn. Historically, similar plans to keep workers employed during recessions have worked. The 1977 New Jobs Tax Credit was immediately followed by an 11.2 percent rise in employment—a record for the United States at the time...
...addition, the eco-friendly homes tax credit, affectionately labeled “cash for caulkers,” serves the dual goals of economic stimulus and environmental reform. The program, a brainchild of John Doerr, a Silicon Valley venture capitalist, and Bill Clinton, would give households anywhere from $2,000 to 4,000 to pay for weatherization projects. This stimulus is beautifully effective—homeowners are incentivized to carry out renovation projects that generate job growth and create more environmentally friendly homes. By combining green initiatives with fiscal stimulus, Obama’s proposal kills two important birds with...