Word: nesting
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...being laid off. The lack of safety nets demands frugality, as does Chinese cultural tradition that all but dictates that working children care for their parents as they age. Even ad-agency chief Wang takes care of her parents. This requires Chinese to accumulate very large nest eggs, particularly because China's longstanding one-child policy means there is often just one offspring caring for two parents...
...intelligence infrastructure that Patil leaves behind is a hornet's nest of competing interests and gaps in coordination. There were warnings earlier this fall based on telephone intercepts of an attack targeting the city, originating in Pakistan and using a sea route from Karachi, the same route used by those who smuggled explosives into the city before the 1993 Mumbai blasts. That intelligence was passed on from the foreign-intelligence bureau to the domestic-intelligence bureau and then, according to procedure, to the state police. But there was no follow-up with the local Mumbai police, who would have been...
...slashed on everything. And if the current malaise drags on, it will take a major bite out of inflation - one that could literally offset the decline in your portfolio. "The real enemy of retirement is inflation," notes Fisher. He points to this model: Say you have a $2.5 million nest egg that is growing 7% a year. In one scenario, you have no extraordinary economic events and normal long-term growth that produces inflation of 4% a year as you age from 65 to 95. In the second scenario, a severe recession knocks your portfolio down to $2 million...
...creatures are encased row after row, 400 to 500 pound mammals trapped without relief inside iron crates seven feet long and 22 inches wide. They chew maniacally on bars and chains, as foraging animals will do when denied straw, or engage in stereotypical nest-building with the straw that isn’t there, or else just lie there like broken beings. The spirit of the place would be familiar to police who raided [a puppy mill] only instead of 350 tortured animals, [there are] millions—and the law prohibits none...
...live in makeshift houses, among which Luo Xiqun, 22, runs a tiny shop selling soft drinks, beer, hot sauce, instant noodles, cooking oil and toothpaste. She and her boyfriend Yang Yong had planned to marry this year. Then the earthquake struck, flattening their house and burying their wedding nest egg. At the time, money was the last thing on Luo's mind. "I wanted to live," she says. "No one else in the same building made it out, but somehow I survived." Luo walked five days with an injured foot and no shoes to make it to safety...