Word: loseing
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...Right now, the Chinese hang on to their earnings because they feel they must. Nobody has their back if they get sick or lose their job. Beijing spends only 5% of GDP on health care, pensions, unemployment benefits and other social services. (U.S. social-welfare spending as a percentage of GDP is about 20%.) That is a depressingly low figure, even for a relatively poor developing country. I recently interviewed a migrant worker from Sichuan province who several months ago broke his arm in an industrial accident. He's back home now, without a job, without unemployment benefits...
...bigger problem is the tanking economy. Lose a job, and paying the mortgage becomes more of an issue. Since the house is worth less than you owe on it, you can pretty much forget about refinancing or selling, the old get-out-of-jail-free cards when you could no longer make your payments. So maybe we should be most worried about the 50% of homes that are underwater in the Detroit area. Or - odd as it may sound - Rhode Island, where the unemployment rate, at 10%, is second only to Michigan, and where 15.7% of mortgage holders are underwater...
...line of vehicles as diverse as Hyundai's and all of its competitors have more recognized brands. But when Hyundai did a bit of research about car buyers it found that 50% of people thinking about buying a car or truck were resisting the urge because they might lose their jobs...
...addition to the obvious problem that layoffs pose for those who lose their jobs, it also impacts those “lucky” enough to have weathered the storm and retain their employment. With upcoming layoffs at Harvard Medical School totaling about 40 percent of the custodial staff, cuts will nearly double the amount of work for already overextended employees. Such overwhelming personnel cuts like those slated for the medical school campus are unacceptable and are disproportionally making custodians feel a harder pinch than the tightening of the belt that all parts of the university are facing...
...people looking to lose weight, paying attention to calorie intake may be just as important as noting where those calories came from, according to a recent study conducted by the Harvard School of Public Health and the Pennington Biomedical Research Center of Louisiana State University. Though popular culture would lead many to believe that low fat diets are better than high fat diets with the same amount of calories, the study reveals that it is the number of calories that matters most. “I think that people can really pick whatever healthy diet they like...