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...would you like one of these sandwiches?” The man sneered, and shot back: “I only accept money.” Appalled, my friend walked to a dumpster—undoubtedly disregarding several other dispossessed—to make a sizeable deposit of untouched food. You see, the ungrateful man—who was, perhaps, mentally unstable—had confirmed my conservative friend’s deep-seated beliefs: These unseemly vagrants, who we so casually neglect, are down-and-out due to their attitude, and their own volition; their lack of motivation, their...

Author: By Morgan Grice, | Title: Legitimizing the Poverty Problem | 5/24/2004 | See Source »

...months after the first in a series of Fed rate boosts, reports Ned Davis Research. But stocks rise 5.1% the two months after that and keep going up. So look for opportunities to buy. Lighten up on bonds, which lose value as rates rise. Short-term bank certificates of deposit and money-market accounts still offer paltry yields. But as the Fed swings into action, the payouts on these short-term instruments will rise. As long as rates move up slowly, everyone can celebrate...

Author: /time Magazine | Title: Why A Dose Of Inflation Is Good For You | 5/24/2004 | See Source »

...should reduce your debt or lock in a fixed rate now. Higher rates also mean housing prices should cool. If you plan to sell your house, get to it; if you're a buyer, resist the urge to pay top dollar. Savers rejoice: rates on bank certificates of deposit and similar investments may start to rise faster than inflation...

Author: /time Magazine | Title: Money: How to Play Inflation | 4/26/2004 | See Source »

When experts talk about what you should do with your tax refund, they usually focus on a couple of options: deposit it in an IRA or pay down your credit-card debt. But there are other options to consider, especially because, thanks to last year's tax-law changes, this year's refunds are 5% higher, averaging $2,100 per return. You may eventually decide the IRA deposit or debt-reduction strategy is for you--but here are some other possibilities...

Author: /time Magazine | Title: Money: The Taxman Giveth | 4/19/2004 | See Source »

...purloined funds they once controlled. One was Saddam's ambassador to Moscow during the U.S. invasion. A senior U.S. government official tells TIME that the ambassador planned to make off with $4 million kept in embassy bank accounts. He allegedly withdrew the cash, used it to buy certificates of deposit in his wife's name and apparently hoped to fade away. But the U.S. government got wind of his scheme and asked Russian officials to freeze the suspect accounts. His alleged kitty will be sent to the Development Fund for Iraq, which is helping underwrite the country's reconstruction...

Author: /time Magazine | Title: Saddam's Money: The Hunt Heats Up | 3/22/2004 | See Source »

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