Word: stash
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...Although the current scramble for Asian clients is driven by the region's growing wealth, the seeds of the boom were sown not by prosperity but by adversity. In the past, Asians have tended to manage their money without professional help, and to stash a lot of it conservatively in cash, savings deposits and real estate. "The Asian rich have had a high propensity to hold cash," says Scott of BCG. "That was why private banking didn't take off for a long time in Asia." But several economic shocks?including the tech-stock crash of 2000 and the 9/11...
...about mixing politics into their pints. As Cohen and Greenfield, both 55, embarked on a national tour to raise awareness about the cost of the U.S. nuclear weapons program, they sat down with TIME's Jeremy Caplan to talk about their cause, corporate responsibility and the ice cream they stash in their freezers...
...people smuggling in Italy. And consolidation is easy. Unlike sterling with its ?50 note, the €500 note ($630) is a godsend to criminals. If the Kent gang had stolen $97 million worth of €500 notes, their haul would have reduced by over 85% - a small enough stash to stuff under the seats of an suv and drive undetected across borders. The euro is even more attractive to crooks when you consider that it is now the world's second currency. The European Central Bank (ecb) has issued about €570 billion ($720 billion) in paper money, which means...
...custodian," reported the organization's Silver News update. "Anticipation of the ETF and other factors pushed silver to a 23-year high in mid-April." Morningstar analyst Sonya Morris explains that the silver market is "tighter" than other commodities and that "there was real concern Barclays' buying some huge stash to support their ETF was going to move the market." Interest-rate jitters and overheated speculation led to declining prices for most commodities beginning in May, however, and by the end of June, SLV was trading close to its lowest levels. Barclays downplays any notion that SLV, its gold fund...
...thing our country needs is another issue to divide us, to pit red against blue, conservative vs. progressive, and yet there it is, stacked up on every dresser: the penny. It's a symbol of thrift and Americana that also happens to be an incredible annoyance; 58% of Americans stash pennies instead of spending them like real money. And while the debate over the penny's demise has raged for decades on the fringes of society (thanks to an Arizona Congressman, a part-time lobbying group and a biophysics grad student), recent events have caused this fight to spill...