Word: spend
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...increases in Beijing and Shanghai. Real estate mania has become so intense that it has spilled over into pop culture. Last year one of the most popular television shows was a weekly drama entitled Wo Ju (literally "Dwelling Narrowness"), which focused on the plight of a young couple who spend two-thirds of their monthly income keeping up the mortgage on a tiny Shanghai apartment. Their tale is all too real. As economist Xie points out, residential prices in China relative to per capita income are far and away the highest in the world. The housing price-to-income ratio...
...spend $549 to listen to someone yell, "Show us the birth certificate," a year after the issue was settled doesn't say much for this supposed "potent force." Jim Grant Rochester Hills, Mich...
...Americans spend...
...Congress wants more and better jobs in the U.S., it should do things like create a permanent tax break for companies that invest in research and development, make it easier for foreigners who get science and engineering Ph.D.s at American universities to stick around after graduation, and spend serious time and money improving the nation's infrastructure, including the electric grid and broadband network. Such initiatives will not create many jobs that can be tallied on a spreadsheet. What they will do is more important: lay the groundwork for businesses to innovate and grow...
...Close the Medicare Part D prescription drug gap known as the "donut hole," which leaves beneficiaries without prescription drug coverage once their costs exceed $2,830 (in 2010), and doesn't kick back in until they spend $4,550 out of pocket. This provision, which would cost the federal government about $20 billion over 10 years, gradually closes the gap beginning in 2011, so Medicare Part D recipients will eventually pay no more than 25% co-insurance for name-brand drugs. In 2010, Medicare Part D enrollees who reach the gap will receive $250 rebate checks...