Word: spend
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...runaway costs, which seem almost guaranteed when it comes to the Olympics. Brad Humphreys, professor of the Economics of Gaming at the University of Alberta, keeps count on Olympic budgets. His tally is a tale of excess: Athens budgeted $1.6 billion for the 2004 Games but wound up spending $16 billion. Four years later, Beijing budgeted the same amount, $1.6 billion, for the 2008 Summer Games yet spent an enormous $40 billion. London originally planned to spend $8 billion for the 2012 Games; the current estimate is $19 billion and rising. "Once the Games leave town, there often...
...have increased 11.9% since the collapse of Lehman Brothers in September, 2008. Hong Kong's foreign reserves have shot up by nearly 40% over the same period. Economists point out that this new pile-up of dollars will do little to reerse a dangerous pattern of global savings and spending, wherein Asians control much of the world's cash and allow Americnas to recklessly spend...
...with another solution, which it says will simultaneously boost the fund and not hurt bank earnings or deplete lending. How is it possible that the FDIC's gain will not be a loss to the banking system? It's all thanks to an accounting quirk that allows companies to spend money on something but not actually tell their shareholders about the cost until the asset is gone. For you and me, it would be like shoplifting at the supermarket and then dropping off cash every time you decided to eat something. A can of beans might not cost you anything...
...think one of the things that works well is that it gives students a real opportunity to come spend some time at the firm and get a very real sense of what it’s like to work at the firm,” said Michael J. Summersgill, chair of the hiring committee for Wilmer Hale’s Boston office and a graduate of Harvard Law School. “What other industry has that opportunity to work? I think it’s a unique approach, and I think that’s a good thing...
...letter, you tend to do another," says Malmgren. The second is our circadian sleep-wake cycle, which limits the available time we have to devote to letter-writing. The third is that we typically work on the same days each week, further restricting when and how long we spend getting in touch with friends. (See TIME's brain covers...