Word: opted
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Dates: during 2000-2009
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...bygone era,” a place with a “cigar-chomping, suspender-wearing culture where taking risks was rewarded.” Some Harvard researchers may have found the link between the culture and the bust. Men with higher testosterone levels are more likely to opt for high-risk investments, according to a study by a Harvard anthropologist and a visiting economist. The researchers gave 98 male Harvard undergraduates $250 and asked them to invest the money as they saw fit. If participants made a successful investment—as determined by the flip of a coin?...
Economics may also have something to do with it. Single motherhood has become increasingly common over the past 30 years, which may have affected the number of women who already have children who opt for abortions. "A single mom, if she's already got kids and she finds herself pregnant, just has fewer resources to raise another child," Jones says...
Community activists say a mass opt-out by landlords would leave many poor people with only the alternative of receiving HUD vouchers to help pay their rents. While the voucher system has advantages, the current wait to qualify for it is already extremely long. And while renters can try to use the vouchers to pay for the housing they currently occupy, landlords are not required to accept them...
...housing game. Mark Carbone is the head of the division of New York-based Related Properties that deals with affordable housing. He says his company is well-financed enough to weather the current housing bust and continue to offer low-cost dwellings. "When we've had the opportunity to opt out, we've chosen to stay in," says Carbone, whose company has holdings in several states. "It doesn't mean we've forfeited a great deal of profit." He says with a strong cash flow, there is no need for Related to go out and raise money the way smaller...
...enough landlords opt out, the challenges will be forbidding - and not just for the poor renters who will need government help to find places to live. Building owners hope to attract wealthier tenants to fill the vacancies. But there just might not be enough of these to go around. Says Howard Husock, vice president of policy research at the Manhattan Institute, a conservative New York-based think tank: "If you look at the location of many of the buildings that are discussed, there is not an unlimited supply of investment bankers who are going to move into lower-income areas...