Word: gone
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...victim's statement that described how Madoff assured a woman, whose husband had recently died, that her money was safe and encouraged her to invest more within weeks of the scandal being exposed, even though he knew it was all a fraud. The woman's money is now gone and her home had to be sold, Chin said. (See pictures of the demise of Bernard Madoff...
...alcohol-related harms." The most cost-effective of these methods, he says, is simply to raise the price of alcohol. There's already evidence that this works. In France and Italy, for example, alcohol consumption has steadily plummeted over the past 25 years as the price of drinks has gone up relative to income compared with other countries. "Despite all stereotypes, Italy now has the lowest consumption of any European country," Rehm says. "And it's largely because alcohol is relatively expensive." (See pictures of whiskymaking...
...debt-fueled consumer spending binge of the past couple of decades is over. The household debt-to-income percentage more than doubled, from 65% in 1982 to 135% in 2007. That turned out to be way too much for us to handle, and now the leveraging process has gone into reverse. The latest household debt-load reading from the Federal Reserve is 128%, and while nobody knows exactly where the percentage will end up, a lot lower seems like a safe prediction. Which means that for years to come, American households will be spending less than they take...
...other areas, progress has been slow. In 2005, Masondo announced that by 2009 he planned to rehouse all 215,000 families living in shacks. That deadline has passed, but the shantytowns are not gone. In May 2008 they erupted in riots that killed 62 people and displaced...
...rights as they do about the economy. Ahmadinejad has done poorly on both counts, but as long as the state respected the vote, Iranians--who fought hard for the revolution that led to the creation of the Islamic Republic--were willing to overlook other shortcomings. Now that trust is gone. "This time they went too far," says Mohsen, a 32-year-old government employee. "We already deposed one of the strongest dictatorships in the world 30 years ago. They should know that we won't tolerate another...