Word: poore
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...Among the poll's findings: More than 90% of Americans see the country's economic conditions as only fair or poor, and despite heavy government spending to counter the recession, slightly more than half of those polled feel there has been no improvement in their personal economic situation. Perhaps most troubling, the TIME poll reveals that Americans fear what's to come next from Wall Street. In hindsight, 55% believe the government rescue of financial institutions was wrong, and a majority also believe that the financial industry has too much influence in Washington...
Could the information economy help narrow the gap between the rich and the poor? That's the implication of a sweeping new study appearing in the journal Science. The research corrals data from 21 populations - from the pre-Industrial merchants of East Anglia to the Ache foragers of present-day Paraguay - in order to look at how wealth gets trapped within certain families...
...conclusion: as wealth shifts from material goods like farms and factories to intangibles like social networks and the ability to innovate, there's more of an opportunity for a person who was born poor to work his way up to being rich - and for someone who was born rich to lose his place in the economic food chain. (See the 50 best websites...
...says it is shuttering its three stores in the capital, Reykjavik, citing the collapse of the local economy and the high cost of imports. The closures aren't a first for the company: McDonald's has pulled out of Bolivia, Jamaica and a handful of other countries due to poor sales. But the setback is decidedly unusual for the world's largest fast-food chain. (See the 10 worst fast food meals...
Fast Facts: • Born in a stable to a poor family in Savnik, Montenegro (then part of Yugoslavia), in 1945. His father was a member of the Chetniks, the remnants of the army of the Kingdom of Yugoslavia, and was wounded in World War II while fighting Nazi occupiers...