Word: riche
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Dates: during 2000-2009
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During the real estate boom, new home construction became a game of ever increasing square-footage. That had a certain logic to it: If you saw your house as an investment to make you rich, bigger could only mean better, right...
...people who do see a meaningful benefit are, by and large, already rich. Economists James Poterba and Todd Sinai found that the tax savings from the mortgage-interest deduction for households earning more than $250,000 is 10 times the tax savings for households earning $40,000 to $75,000. According to Congress's Joint Committee on Taxation, a little more than half of the savings is seen by just 12% of taxpayers - those with incomes over...
...curtailed. But bigger issues are at stake too, ones that are more political and philosophical in nature: Should any bank be too big to fail? What should be done with financial activities that seem purely speculative and of questionable social use? How can the short-term, get-rich-quick mentality that drove so much market activity before the crash - and inflated those bonuses - be curbed? Is there a place for morality in the world of finance? (See the financial crisis after one year...
...developing countries, women and experts in various specialties that have traditionally been divorced from tech. "We're just starting to get our heads around this. It's a genuinely difficult problem," Gardner says. "Obviously, Wikipedia is pretty good now. It works. But our challenge is to build a rich, diverse, broad culture of people, which is harder than it looks...
...colors that bounce off the surface of the moon when it's hit by sunlight, proves that there are traces of both water and a closely related molecule called hydroxyl. Scientists now believe water could be produced in the lunar soil when hydrogen from solar winds combines with oxygen-rich substances on the lunar surface. Another theory centers on water-laden comets and meteorites hitting the moon...