Word: drained
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...bigger bill than with the smaller bill." Researchers have labeled this phenomenon the "what the hell" effect: "I've broken the hundred; it's gone from my wallet. What the hell, I may as well blow off the rest." So consumers, afraid that the "what the hell" effect will drain their wallets, hold on to those large denominations. (See pictures of expensive things that money...
...planned E.U. reforms are part of a wider overhaul that aims to drain the surplus production in Europe's so-called wine lake and slash some of the E.U.'s $1.8 billion annual subsidies paid to the industry. Commission officials say the new rules could help European wines compete against their New World cousins. "We're importing rosé made by blending, so it's pretty daft that we don't allow it in Europe," says Commission spokesman Michael Mann...
...Freddie Mac - will probably cause many of them to simply give back the TARP money sooner than they probably should, to avoid losing their best people to foreign banks, boutique firms or hedge funds that can pay bigger bonuses. "The week's events will cause a brain drain of salespeople, rank and file and middle management to non-TARP companies," said Scott Talbott, vice president of the Financial Services Roundtable, which represents Wall Street's interests in Washington. "The loss of these employees will weaken TARP companies." The compensation crackdown already has other private sector players thinking twice about partnering...
...known to flood…with sewage. For reference, look at the infamous incident of February 2008, which spurred Resident Dean Gregg Peeples to e-mail residents with this solemn warning: “Until things are brought under control, every thing you flush or otherwise send down the drain in our building will end up in the basement.” Gross. Might as well throw in a mention of that hideous wall sitting right in the middle of the room, too. Really detracts from the rest of the beauty? I guess...
...have been swirling in the German media. Union leaders are clamoring for a quick decision on the bailout. But Chancellor Angela Merkel's government wants guarantees that any cash that it doles out will not flow back to GM's embattled operations in the U.S., or go down the drain if GM goes bust. (Read a TIME story on Germany's auto industry...