Word: holidayed
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...TIME's holiday gift guide...
...putting a lid on the $65 billion spent annually on holiday gifts, says Professor Joel Waldfogel of the Wharton School. Waldfogel, the author of Scroogenomics: Why You Shouldn't Buy Presents for the Holidays, insists his theory is solid economics, not bah, humbug. "As an institution for 'allocating resources' (getting stuff to the right people), holiday giving is a complete loser." If you spend $50 on yourself, he explains, you'll get something worth $50 to you. But if your Aunt Bernice buys you a $50 Christmas gift, she's likely to buy something that's worth nothing...
...lauding the Obama administration (and awarding it the Nobel Peace Prize) for “change,” then perhaps we should equally shake up our holiday traditions. In holiday seasons past, many of us have grown accustomed to shopping for gifts only for ourselves and those close to us. This year, let’s have Santa re-direct our Christmas presents to help President Obama get a jump-start on his proposed initiatives—those who are able should take a new approach to presents this year by donating time or money to a charity...
President Obama has proposed new stimulus packages for working Americans and aims to create five million new jobs. While everyone seems to be tightening their belts on spending this holiday, you won’t break the bank by similarly helping someone with their business. According to the World Bank, nearly one and a half billion people survive on less than $1.25 a day. Whether it be helping a basket-weaver in Ecuador or a sheep-herder in Kazakhstan, the organization Kiva.org allows you to play banker by investing small amounts of money in someone’s start...
...have a favorite holiday, then, if Christmas and New Year’s aren’t a big deal...