Word: household
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Viktor Kozeny is a household name in the Czech Republic. “Ask any Czech today who Viktor Kozeny is and the answer would probably not be suitable for children,” Dita Asiedu said on Radio Prague in July. “There is no doubt that there is nothing many Czechs would like more than to see Mr. Kozeny behind bars, forever...
...extra dollars can mean a warm place to sleep or food on the table. That would make someone happier. But in wealthier countries like the U.S., an extra $1,000--even $10,000--isn't going to bring lasting happiness. Once you get above a certain comfort level (a household income of about $50,000), more money doesn't buy more happiness. People who earn $100,000-plus are no happier, on average, than people who earn $50,000, the survey revealed...
...people can raise their happiness by managing their money better. Some "financial-happiness habits" are surprisingly simple, like paying your bills as they come in rather than once a month, or saving 5% of your household income instead of the 10% that financial planners often advise and many individuals find impossible to achieve. Happiness means taking precautions, like having life insurance, disability insurance, a three-to-six-month emergency cushion and a will. And as antiquated as it may sound, it means taking the time to balance your checkbook once a month...
...inflation's bite. Last week LaSalle Bank rolled out the first inflation-protected certificates of deposit. The five-year CD yields 1.5%, the 10-year 2.5%. The rates trail those of regular CDs, but the principal values change on the basis of inflation. Another new offering: corporate bonds from Household Finance that pay interest at a rate pegged to the consumer price index. The bonds, which are riskier than those issued by the government, yielded 4.71% last week. Brokerages like Charles Schwab offer both products. Or you can opt for the original inflation-protected securities, known as TIPS, issued...
...Median household income in 2002, down 1.1% from the previous year...