Word: interest
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...banks competing to lend him money to buy a new building. "I've never seen an environment like this," he says. "Banks are clamoring for my businesses." He now has three offers on the table and is going back to each of the banks, which have started lowering interest rates and removing loan covenants in order to win his business...
...Buttressing that sort of attitude are the limited ways in which Chinese citizens can put their nest eggs to work. Bank interest rates remain regulated and miserly - offering less than 1% return on a standard savings account - and China has only just begun to open the door to its citizens being able to invest legally abroad. For most savers, that leaves real estate or the stock market - and if an apartment is the equivalent of a bar of gold, the stock market is the equivalent of a casino. Generally speaking, the Chinese love to gamble, but they love their bars...
...Shanghai animal market in 1999, I observed a man sitting at the kerb cutting small pieces from a tiger's paw, mixing them with different herbs and then making small parcels of the mixture and selling them. While I was watching, two policemen turned up and also found interest in his business. One of them even bought a packet! Obviously they had not heard about the law banning trade in tiger parts. Unfortunately, as long as greed, poverty, corruption and old culture exist, there is very little hope to save one of the most beautiful animals on earth. Kenth Johansson...
...read Brad Tuttle's article "Movies for Cheap" with interest, since Redbox, the DVD-rental company, is my family's new favorite thing [March 8]. I was surprised, however, that he and his wife stop at Redbox locations to check the in-stock availability of movies. A great Redbox feature is its phone app that supplies kiosk-location information and tells you which titles are available at individual locations...
...Increases taxes on payroll and unearned income (such as capital gains, dividends, interest) for individuals earning more than $200,000 per year and married couples earning more than...