Word: fastings
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...Children learn a lot just by observing their parents' behavior, so mom and dad need to set a good example, too. Carl Tancaktiong, son of the founder of Philippine fast-food empire Jollibee, admits his childhood was pretty plush. "I don't remember not getting anything I wanted," he says. Yet Tancaktiong, 28, says he has grown up to be reasonably frugal, not because his parents lectured about money, but because they had down-to-earth spending habits themselves, eschewing luxury-brand clothing and expensive cars. Tancaktiong, a general manager of one of the company's Chinese chains, says...
...Prime Minister. Through currency trading, he realized the first before he was 25. Some two decades later, with an estimated fortune of $40 million, a wife and two children, he'd no sooner ticked off the second goal than he was pushing for the handover from Clark to be fast-tracked so he could attend the Asia Pacific Economic Cooperation leaders' summit in Peru from...
...know, they need $40 billion more and we only gave them a hundred billion last week, didn't we? It's just ridiculous. And now General Motors. They said we're going to give them $25 billion to retool. Retool what? They'll run through that money so fast they'll be back wanting more. We can't keep every loser alive...
...construction mania fast became "a growth that squeezed all the other organs of the economy," says John Fitz Gerald, an economist at Dublin's Economic and Social Research Institute (ESRI). That starved Ireland's exporters of valuable resources. The result: the country's share of euro-zone exports has slipped by a fifth since 2001, while housing investment grew to 14% of Ireland's economy by 2006, roughly three times the European average. When values and demand began to fall - house prices fell 10% in the year to August, while apartments at the Grange are now selling at a rate...
...three years old,” Bumatai said, “I wanted to be Big Bird.” When I got into Harvard, my father told me I should watch out for the freshmen who want to be president. There were some in every class—fast-talking, glad-handing politicos who started campaigning for the Oval Office the minute they entered the Yard. Ignore them, my dad said. The people who will actually succeed in politics are smart enough to keep their ambition quiet. I tried to avoid the presidentials at first. But the longer...