Word: frugalities
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...School’s staffers look to ring in the holidays with some year-end cheer. Stripped of its usual floral retinue, the messenger of the Greek gods seems to bear some sobering news: pressed by an unprecedented financial crisis, formerly lavish traditions will be giving way to a frugal conservatism as Harvard’s party planners across face tighter budget constraints this year.While administrators look to cope with an endowment savaged by losses, schools across the University are doing their part by whittling the allotment for holiday revelry down to less than half its former size?...
...blatantly obvious” monetary incentives for increasing energy efficiency should move the United States toward a more energy frugal future, green energy advocate Amory B. Lovins said in a talk at the Science Center yesterday evening. “We are often given a multiple choice test in the media. We must choose between climate change, oil wars, or nuclear holocaust,” said Lovins, the co-founder of the sustainability-research organization Rocky Mountain Institute. “We are never given the choice of ‘none of the above,’ when...
...then jump almost as much when they reopened. Things don't really work that way anymore - the jobs disappearing now aren't temporary layoffs, and the increased reliance on debt in the U.S. economy may bring self-reinforcing downward pressures that weren't an issue back in the relatively frugal 1950s. (When you've got lots of debt, like General Motors or your neighbor with an adjustable-rate mortgage, you're in a far worse position to weather a sudden reduction in income...
...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 he and his siblings recognized early that the family fortune was not their personal piggybank...
...transactions--has spread to all sorts of businesses, from law to real estate. He wonders if that's all about to change. "Will we as advisers fall back to where we were 10 to 15 years ago?" he asks. "The question is whether we are now entering a more frugal world...