Word: spending
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...worry is that problems at the banks will restrict credit and make it harder for businesses to grow and individuals to spend. That could put the brakes on the economic rebound. What's more, the continued loan losses at the banks show that individuals and companies are still having trouble paying their bills and meeting their debt obligations. Lastly, the losses at the banks, at a time when the government is offering significant stimulus to the financial sector, suggest that the firms remain far from fixed...
...Drudge Report. For those people, things will not change much come 2011, when the plan is due to go into effect. But heavier users of the site, like those who fire up the computer in the morning to see what the Times has to say, will have to spend. The plan appears similar to that pursued by London's Financial Times. If it works anything like FT.com, after viewing a certain number of articles, readers will be directed to a page where they have to subscribe if they want more of the Times' newsy goodness. Old-school newspaper subscribers, bless...
...found no evidence of homelessness, though there were reports of people in the mountains who refused to spend their rebuilding funds and chose to remain in tents. "When you compare this to the tsunami and other major disasters, it's rare to see something so efficient take place. It was well organized and well planned. All the international people who came in spoke very highly of this," says Ramsey Rayyis, regional representative for the American Red Cross in China...
...government said it would spend $176 billion on reconstruction by 2011. (The total recovery cost is estimated at $250 billion.) As of last June it had already spent more than $50 billion. Some of the expenses have been shouldered by other parts of China. Twenty provinces have set aside 1% of fiscal revenues for two years to help rebuild Sichuan. That's another advantage that China has over Haiti. As a large nation with a rapidly growing economy, it can divert money from more prosperous areas to aid one devastated region...
Ratzon's unusual domestic arrangements first came to light in a documentary broadcast on Israel's Channel 10 in January 2009. It showed Ratzon's "wives" cooking, cleaning and shopping together, eagerly anticipating the arrival of "Daddy" and competing over whom he would choose to spend the night with. On the show, Ratzon explained the secret of his magnetic attraction was that he was "perfect." "I have everything a woman wants, all the qualities a woman wants. I give women the attention they want. It's made of many things, but fortunately, I have everything," he said. Because there...