Word: spend
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...real estate mistakes on the Strip were made in miniature by thousands of Vegas homeowners. To see the real devastation, I have to leave the line of casinos along the Strip and drive to where people in Las Vegas actually live. I head out to spend the day with real estate agent Brooke Boemio, a bouncy, sweet, recently remarried 31-year-old mom whom I met years ago when I was on another assignment. Boemio is doing great during this recession. In fact, she's never had a job that paid as well: she made more than $100,000 last...
...were stolen, as were the appliances and carpet. The owners even left their dogs behind. (Abandoned pets have become a huge problem for local shelters.) "You couldn't walk into that house without holding your nose to keep you from vomiting," Boemio says. She and her husband had to spend $7,000 on appliances and carpet to qualify for a Fannie Mae loan...
...worst tragedy I could have in business deserves a two-hour cry, and I scale down from there. I didn't cry one moment." When his wife asked him to cut back on expenses, he dismissed the suggestion, telling her he still had more money than they could ever spend. Eventually he capitulated: whenever possible, he uses his small private jet instead of his big one. (See 25 people to blame for the financial crisis...
...also expect we'll get some surprises on the business side. Businesses overreacted to the severity of the recession - they cut capital spending, they cut advertising, they cut employment very, very dramatically. They overcut. In the next six months, we are going to be in a period where businesses hire back aggressively and spend on capital equipment and advertising and all those things very aggressively. (See 10 big recession surprises...
...because it is pushing things further than we ever have before. It's the biggest, most complicated machine ever made. But when you look at the details there are enough reassuring aspects to say that it isn't going to destroy the world. And if you are going to spend a lot of money on science, I think something like the Large Hadron Collider is a better investment than perhaps the space program. In terms of science, the space program really didn't deliver a lot - things like going to the moon, going to Mars - it's mostly political. (Read...