Word: reasoned
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...Euro. According to Gelleri, the Chiemgauer, accepted at more than 600 businesses in the region and with about $3,000,000 Euros worth in circulation, has three times the velocity of the Euro, circling through the economy an average of 18 times a year as opposed to 6. One reason for the fast turnaround is that the Chiemgauer is designed to encourage spending: there is a 2% demurrage fee for holding onto the bills beyond three months...
...they once were. The percentage of income that goes toward paying interest on debt went from 11% at the beginning of 1980 to 14% at the beginning of 2008, a much smaller jump than the increase in gross amount of borrowing taken on. In other words, there might be reason to believe we can now comfortably carry more debt than we did 20 or 50 years...
...confirmation hearing in almost a quarter-century that does not revolve, in one way or another, around Roe v. Wade. The appeals-court judge Sonia Sotomayor has ruled on just three cases that dealt, indirectly, with abortion. She has written a lot about racial preferences, though. That is one reason the country is set to have a knock-down, drag-out fight over affirmative action instead...
...turns out that letting me vote on stuff is a bad idea, for much the same reason that giving me a credit card was a bad idea: I love stuff and hate paying for it. And it turns out there are a lot of people just like me. On May 19, California voters knocked down all five of the budget-cutting and tax-raising propositions designed to save the state budget from being $21 billion short. We already had the worst credit rating of any state. Which means that if states were people, California would be Ed McMahon...
...Reflecting the miserable voter turnout across Europe, only 43% of Germans bothered to go to the polls. Social Democrats have been quick to point to the low turnout as a reason the European Parliament vote shouldn't be seen as a test for the upcoming federal elections. "I don't think you can reach any conclusions when the turnout for the European elections was so low," says Social Democrat MP Sebastian Edathy. "It's a different picture in the federal elections, when we normally have a bigger turnout of 70%-80%." Nevertheless, Edathy admits his party failed to reach...