Word: savingly
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...Stem the tide of foreclosures. The original Paulson plan is like a massive blood transfusion to a patient with severe internal hemorrhaging. We won't save the patient if we don't do something about the foreclosures. Even after congressional revisions, too little is being done. We need to help people stay in their homes, by converting the mortgage-interest and property-tax deductions into cashable tax credits; by reforming bankruptcy laws to allow expedited restructuring, which would bring down the value of the mortgage when the price of the house is below that of the mortgage; and even government...
...what we are unlikely to hear from any elected official: that thrift is an important virtue and that our failure to practice it has helped bring on the current economic collapse [Oct. 13]. Those who lived through the Great Depression endured a scare that prompted them to scrimp and save, something the current generation does not do. Now Americans generally believe they are entitled to whatever they want without regard to whether they can afford it. The list of what we have come to consider necessities would stun those from most other parts of the world. Oren Spiegler, UPPER...
...possible benefit of turmoil: the bear market of 2008 may have ended the spendthrift ways of the 80 million--strong boomer generation, which is now heading rapidly toward retirement, and refocused them on saving. "We must have a reset on consumer spending; frankly, it is out of control," says Daniel J. Houston, president of retirement investor services at Principal Financial Group in Des Moines, Iowa. The average contribution to a 401(k) plan is 7% of salary, yet the average person may need to save 13% to 15% of his salary to maintain his standard of living in retirement...
...Somebody needs to remind Dartmouth that there is no draft in college football and tanking every game will not result in a No. 1 pick stud prospect that will ride into Hanover on a white horse and save a pitiful program. The Big Green has lost each of its four games by at least 13 points and, even if there were such a thing, a 34-7 loss last week to Yale would not count as a moral victory. At least Columbia looks like it’s trying...
...wrongly convicted of shooting a police officer in Savannah, Georgia in 1989, has seen seven out of the nine witnesses who pointed to him recant their testimonies in recent years. A long series of appeals over the past 19 years left the Supreme Court as his last hope to save him from his execution, which was scheduled for Sept. 23. Yet this past Tuesday, the Supreme Court refused to hear or even comment on the case—a bold statement by omission that reinforces our contention that the death penalty is flawed. The applicability of the death penalty...