Word: riche
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Dates: during 2000-2009
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...Being rich during a recession can almost be as bad as being poor. The only difference is that the rich have more to lose. RealtyTrak, a research firm that follows mortgage trends, recently reported that the foreclosure rate on homes valued at more than $729,750, also known as the jumbo-mortgage limit, rose 127% in the first ten weeks of this year compared to the same period a year ago. Bloomberg, reports that "about $500 billion of prime-jumbo mortgages are bundled into bonds, according to Memphis, Tennessee-based FTN Financial." The default rate on those bonds may rise...
...Harvard student?Max: It’s not like being a Harvard student at all. D.A.: You’re not in college Max: You’re not in class, don’t go to dining hall. D.A.: You do hang out with a lot of rich people. Max: A lot of arrogant rich pricks. Who are actually stupider than they think they are. A lot of people who only care about money too. 14. FM: You produced much of “Love the Future” while at Harvard. How large of a role did Star...
...oldie, but a goodie. Beautiful fountains, rich history, endless fields, and a lively atmosphere make this much more than just your average public park. And it’s absolutely free! Go there—and bring your Life Sci notes if you have to. Bound by Tremont, Beacon, Charles, Park and Boylston Streets, MBTA: Park Street Station...
...attention, the GOP alternative is not just a p.r. disaster. It's a radical document, making Bush's tax cuts permanent while adding about $3 trillion in new tax cuts skewed toward the rich. It would replace almost all the stimulus - including tax cuts for workers as well as spending on schools, infrastructure and clean energy - with a capital gains-tax holiday for investors. Oh, and it would shrink the budget by replacing Medicare with vouchers, turning Medicaid into block grants, means-testing Social Security and freezing everything else except defense and veterans' spending for five years, putting programs...
...attacked by fellow Republicans. "I don't know when willy-nilly tax cuts became the essence of who we are," she says. "To the average American who's struggling, we're in some other stratosphere. We're the party of Big Business and Big Oil and the rich." In the Bush era, the party routinely sided with corporate lobbyists - promoting tax breaks, subsidies and earmarks for well-wired industries - against ordinary taxpayers as well as basic principles of fiscal restraint. South Carolina Senator Jim DeMint's Republican alternative to the stimulus included tax cuts skewed toward the wealthy; at this...