Word: saves
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Paying a $25 million or $30 million bonus to a Goldman Sachs or JPMorgan Chase or Morgan Stanley higher-up this year is obscene because none of these firms would exist if our government and others hadn't stepped in to save the world financial system. If these companies have all that money around, largely courtesy of us, they ought to send it to the U.S. Treasury. But paying a $250,000 bonus on top of a $150,000 salary to a worker bee is a different story...
...your faith in the Fed or Uncle Sam. During the 1982-2000 stock-market boom and the long economic expansion, people foolishly began to think that government officials like former Fed Chairman Alan Greenspan (formerly the "Maestro" and the man who helped save the world, now Alan Who?) - were looking after their interests. They weren't. Greenspan's job was to protect the world financial system and the economy, not you. Ben Bernanke's job is the same as Greenspan...
...this age of economic unrest, we’re all trying to save a buck here and there. Unfortunately, Cambridge can get pretty expensive. But if you know where to look, you can find a few great discounts for Harvard students that will keep your wallet happy. FM scoured the Square for deals that will keep your savings from crashing like Harvard’s endowment...
...Chau Public Golf Course. It's a modest start to cleaning up the city's smog, but if the ferries' owners at the Jockey Club, a nonprofit that holds a monopoly on gambling in Hong Kong and runs the golf course, demonstrate that the solar-powered ferries actually save the organization money, private businesses are likely to jump on board. The Australian company Solar Sailor, which designed the new ferries, claims that if oil prices remain high, the boats will start saving the Jockey Club money in only two years. (See the top 10 green ideas...
...Even the U.S. Navy is making greener warships. On Oct. 24, the U.S.S. Makin Island - dubbed the Navy's Prius - was formally commissioned. It was built with a gas turbine that drives an electric generator, and the Navy says these engine advances will save nearly $250 million in fuel costs over the vessel's lifetime. On its first trip from Mississippi to California, it consumed 900,000 gallons less fuel than a conventional warship...