Word: losses
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...After years of living abroad, I often have my doubts, confusions and a sense of loss. I feel somewhat disconnected from my motherland, China, where I spent 20 years growing up. I believe that the Chinese diaspora all have the same feeling at some point. This insightful and well-researched article is not only learning material for other countries, but also a reminder to us Chinese expatriates of where we came from, what changes are taking place in our mother country and, most importantly, who we truly are. Yang Yang Singapore...
...reports a relatively small $1.2 billion quarterly loss and says it will start repaying $50 billion in federal...
...Jacques Torres, the New York City--based chocolatier, still eats his chocolate. Through Weight Watchers, he knocked off 20 lb. and then another 12 lb. in September in a charity competition for chefs that was sponsored by the weight-loss program. He stocks up on 70%-cocoa chocolate bars, with the goal of always having a low-sugar option on hand. Because when a craving hits, not even a Weight Watchers--trained, insanely talented pastry chef with a refined dessert palate can get in its way. "Last Sunday I was craving so much for sweets, I went...
...national romance with consumer debt seems to be coming, at least for now, to a screeching halt because of the realities of the Great Recession. Belt-tightening, whether it's imposed by job loss or financial insecurity, is de rigueur. The savings rate is 4.4%, up from its 2007 rock-bottom level. Book publishers are hurrying to catch up with the rediscovered restraint. Three authors with new books are eager to restore fiscal conservatism to its proper, vaunted role. Being thrifty has become a badge of honor...
...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 to you. In economic terms, that's a "deadweight loss." But if you fail to buy Aunt Bernice a Christmas gift in return, that's a family disgrace, even during a recession. Skinflint relative? Thrifty nephew? Your call...