Word: crediteers
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...that we don't immediately need (or else we would have found another way to pay for them) and hope this gets us out of the recession. Stimulus won't solve the fundamental economic problems of this country: decades of low savings coupled with ravenous consumption, fueled by cheap credit, all of which we are now paying the piper for. Nathan Mintz, Redondo Beach, Calif...
...years Bangladeshi authorities denied any active jihadist movement within its borders. That stance changed in 2005 when a local jihadist group, Jamaat-ul-Mujahideen, took credit for an audacious attack in which bombs were detonated in about one hour in all but one of Bangladesh's 64 districts. The incident forced Bangladesh's leaders to acknowledge the country's internal terrorist threat. Indian intelligence and BSF officials say that Dhaka is not doing enough to stop Bangladeshi jihadist groups in the border areas from crossing into India. But the victory in Bangladesh's Dec. 29 general election of the secular...
...Trillion-Dollar Question Michael Grunwald wrote in "How to Spend a Trillion Dollars" [Jan. 26] that if the government gives money away to stimulate the economy, it should target "people who can't afford to save it ... that's why Obama is pushing a permanent $500-per-person credit on payroll taxes for every worker making less than $200,000 a year." Was that sarcasm? Frank Humphreys, DUBLIN...
...catalysts, a tangled network of reason and emotion. Using a raft of anecdotes and scientific studies, Lehrer answers some seemingly simple--and highly entertaining--questions. Does expensive wine really taste better than the cheap stuff, or are we biased by the price? Why do we spend more with a credit card than we do when paying with cash? How can we simultaneously desire a healthy diet and quickly devour the slice of chocolate cake in front of us? And what does it really mean when we experience a sudden, inexplicable gut feeling about something? While we can't always control...
...Russia was supposed to replace poverty, money worries and grumbling mothers with places like Rusfinance, a Moscow call center that transports you from the gritty streets and auto-parts stores into an indoor world of cheery beige furnishings, swirling red-and-gold patterns on the walls and easy credit. Here, 450 people--mainly women in their 20s--sit side by side in booths and field calls from Russians asking to borrow money. Most of the time, the answer is a resounding yes. Owned by the French bank Société Générale, Rusfinance is aiming to build a massive presence...