Word: dipping
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...budget-surplus battle is more about politics than economics. In a $10 trillion economy, it doesn't much matter if the government has to dip into Social Security for a few spare billion. But with both parties committed to a lockbox, budget makers are forced to look for savings in less sacrosanct areas, which means that, depending on where the budget ax lands, you may be about to lose a popular program...
...There was, as always, a little silver in an otherwise black, black lining: New home sales rose 4.9 percent in July to 950,000 units, up from a revised 906,000 units in June, according to the Commerce Department. Analysts had expected a dip to 918,000 units, but instead the hike brought the housing number to near its March peak. That?s good news for the consumer-spending watch - while the economy waits for businesses to come out of their post-bubble fetal position, it seems our nation?s shoppers - who account for two-thirds of U.S. economic activity...
Carey noted that yesterday’s outage was unrelated to yesterday’s call for electricity conservation by the operator of New England’s power grid. With the hot weather, New England’s power demand yesterday forced power companies to dip into their reserve supplies...
...Confusing your 401(k) plan with a piggy bank. For big-ticket items like a home, many boomers are dipping into the largest pot they have. But if you quit or lose your job, you have to pay back the whole loan amount quickly or you will owe taxes on the money, plus a 10% penalty if you're under age 59 1/2. Another trap: cashing out when you change jobs. Sure, you will start another 401(k), but you've lost momentum from compounding interest. Solution: Don't dip. You will need at least 70% of your preretirement income...
...temperatures soar, the cool blue waters of a swimming pool can seem pretty inviting. But perhaps you should look twice before you take that dip. Thousands of Americans may get sick this summer from the unsanitary condition of their pool water, according to the Centers for Disease Control. The last thing you want to think about when you're swimming is what tiny creatures might be swimming beside you. But the fact is that any pool can be contaminated with parasites and bacteria. If you're not careful, you could find yourself in the emergency room with a badly upset...