Word: smiths
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What's driving the denomination effect? First off, some consumers see large bills as more sacrosanct than a bunch of chump change. "People tend to overvalue bigger bills," says Joydeep Srivastava, a marketing professor at the University of Maryland's Robert H. Smith School of Business and a co-author of the study. "There's a psychological cost associated with spending a $100 bill that's not there with spending smaller bills." We tend to isolate the cash in our minds. Each $20 is a separate, less valuable entity than that single $100 bill. So it's easier to part...
...past. We saw it in the 1930s. When I spoke to the U.S. Congress [on March 4], I said that protectionism in the end protects no one, because if trade falls, then more businesses collapse and more jobs go. You know, I come from the town where Adam Smith was born. Trade is the engine of so much of the growth we've had in the last few years. I believe protectionism is the road to ruin...
...over the Crimson until the third quarter when Harvard responded with two goals of its own. “By the third quarter of the game we didn’t let the fact that they are the No. 1 team get to us,” sophomore Patty Smith said. “We didn’t let them get to us and decided to play our game.” Junior Roxanne Pinto and Smith recorded Harvard’s scores against the tough Cardinal defense. On the defensive end, Perlman had six saves between the pipes...
After Harvard won the ensuing faceoff, senior midfielder Nick Smith fought off defenders as he raced down the left sideline. Smith shoveled a pass to sophomore midfielder Christian Oberbeck, who bounced a shot into the top of the net to give the Crimson a 3-1 lead...
...French are missing the point, says Val Smith, chairman of the International Wine and Spirit Record, a London-based market-research company. "It's a totally unnecessary fight," he says. "But it is symbolic of the lack of confidence that many French winemakers feel at the moment. They are struggling in the face of competition, and if there is anything they can do to make things difficult for New World wines, they will...