Word: effecters
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...does touching an item increase the likelihood of purchase? The motivation traces back to what behavioral economists have labeled the "endowment effect." This phenomenon posits that consumers value a product more once they own it. And simply touching that Charmin may increase a shopper's sense of ownership and compel the consumer to buy the product. (Read "How to Know When the Economy Is Turning...
...been following around these banks for years. In the earlier part of this decade, banks set up a number of financing arrangements called special investment vehicles or variable interest entities. These arrangements each had different functions, but they were generally known as special purpose entities and they had the effect of keeping certain loans off bank ledgers...
Local smokers expressed mixed opinions about the federal tobacco tax increase that took effect yesterday. The tax, which increased the levy from $.39 per pack to $1.01 per pack, was approved earlier this year. For Massachusetts residents, this hike comes on top of the hefty $2.51 per pack state tax on cigarettes. Paul J. MacDonald, owner of Harvard Square tobacco shop Leavitt & Peirce, said that he was unhappy with the substantial tax increase. “We treat everybody like rockstars here [at Leavitt & Peirce.] And obviously the government feels the same way--they think that they have money like...
...effect of the new sentencing guidelines has been dramatic. Drug offenders as a percentage of New York's prison population surged from 11% in 1973 to a peak of 35% in 1994, according to the state's Corrections Department. The surge was mostly a result of convictions for "nonviolent, low-level drug possession and drug sales" Paterson told TIME, "people who were addicted and were selling to try to maintain their habits." According to Paterson, just 16% had a history of violence. "And so really," he says, "you're shipping off a generation." In 1979, the laws were amended, reducing...
...reverse the damage they felt the original laws had done. Even Paterson, who had served as a State Senator representing Harlem during the height of the crack epidemic, says he felt the legislation "didn't make any kind of difference." He noted a serious racial disparity to the effect of the laws. "Ninety-two percent of the inmates in these facilities on drug crimes were black and Hispanic, while the [proportion of the overall] population was 32 percent." Read "Another By-Product of the Recession: Ex-Convicts...