Word: spending
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...Nobel Prize-winning economist, argues that a single-minded fixation on growth masked the warning signs of the financial crisis. Temporary profits in the financial industry, increasing debt loads, and the real estate bubble all contributed to a false rise in our economic measurements. (See how Nobel winners spend their prize money...
...owner of an industrial-storage-supply firm, doesn't pull out Visa or American Express. He pulls out Bartercard. As a member of the Bartercard trading network, Burrows receives "trade pounds" instead of cash whenever his firm, Global Equipment Trading, works for fellow Bartercard clients. He can then spend that credit at any of the 75,000 member businesses around the world, including Patpong Thai, where he frequently entertains clients. So far this year, Burrows has exchanged around $410,000 in goods and services, helping to offset expenses and keep cash available for other outgoings. "Using barter we've purchased...
...through the firm's brokerages - there are currently 100 offices around the world to help connect members. If the hotel is 70% full, the cost of filling an otherwise empty room is virtually nothing. Plus, it brings in customers who may return to the hotel in the future - and spend cash. Hill, who trades roughly $100,000 a year through the service, uses his credit to pay the hotel's $650-a-month flower bill, and recently refurnished eight of the hotel's rooms without spending a penny. He's also purchased jewelry through barter and then resold...
...applaud TIME's decision to spend a year in Detroit looking at the city's and region's challenges and efforts at revitalization [Oct. 5]. However, I find it curious that you start intensive research into the city with an opinion piece by a resident of New York who left Michigan four decades ago. With all due respect to the acclaimed Daniel Okrent, simply reciting old grievances repeatedly rejected by voters, such as my having "resisted ... more stringent mileage standards," seems counterintuitive to the magazine's mission. I would ask that Okrent take another look at my work...
...Biblical scholars would have made R. Crumb - the counterculture cartoonist famous for creating Fritz the Cat - their no. 1 choice for reinterpreting the first book of the Pentateuch. And few among Crumb's cult following would have elected that he spend four of his creative years drawing pictures to go with Sarah Palin's favorite bedside reading. Yet the weird, obsessive, oversexed artist's pictorial interpretation of Genesis, which came out Oct. 19, has shot up best-seller lists: as of this writing, it's no. 1 on the New York Times graphic novel bestseller list and on Amazon.com...