Word: moneyitis
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...mortgages. The result is to price local people out of the property market while losing agricultural land to so-called residential development, which may well stand empty for more than half the year. Tax benefits for property speculators are costly and regressive and any politician considering ways to save money should give them a long hard look. M. Esdaile Walker, COLOGNE, GERMANY...
...anguished characters in their late teens and early 20s. One of China's top-earning authors, he is widely seen as a torchbearer for the generation born after the beginning of the country's opening to the outside world, a group the Chinese call the "post-'80s generation": apolitical, money- and status-obsessed children of the country's explosive economic boom. Even China's most notorious anti-Establishment figure, 52-year-old artist and activist Ai Weiwei, called Han "brave, clear-minded, dynamic and humorous" and predicted that he would be the "gravedigger" for the older generation of writers...
...Credit for That? Justin Fox's "Get Homes Off Welfare" is quite a stretch [Oct. 12]. Real estate values have plummeted not because of government aid but because of people making poor decisions with their money after being convinced they could buy more than they could afford. My wife and I will be putting our tax credit into improving our new home, thereby injecting that money right back into the economy. Plenty of us are responsible enough to know our limitations and make good decisions with our money. Do not take benefits away from us because of the people...
Yakuza gang bosses in Japan give interviews on TV, dine openly with politicians and traditionally hand out business cards, so everyone knows how to find them. Roughly 40,000 mobsters belong to the Yamaguchi-gumi alone. Everybody knows that the yakuza get money from bars and restaurants, construction companies, even private-detective agencies. But these days some of their principal businesses include securities trading and management consulting. They are increasingly, Jake Adelstein tells us in his gripping descent into the underworld, Tokyo Vice, like bankers "with guns...
...what if Sarkozy has a point? After all, the figure at which he was taking aim - gross domestic product - was never intended to gauge anything other than how much money was changing hands. Yet we routinely use economic growth as shorthand for how well a country is doing. If we're going to use a metric to track our progress, shouldn't we choose something that measures the things we care about? (See pictures of President Sarkozy...