Word: stash
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...mail-order rental service is both useful and annoying. It is also addictive. I speak as a four-at-a-time subscriber who carefully manages and updates his queue of titles, closely monitors their return to the Netflix depot and waits anxiously for the postman to bring the next stash. Here, based on five months of obsessive use, of pleasure and frustration in roughly equal amounts, are five ways to improve the effectiveness of America's favorite online movie provider. (Read Richard's final analysis: "Why Netflix Stinks...
...signs that China is ready to ditch the dollar. Derek Scissors, a research fellow at the Heritage Foundation's Asian Studies Center, points out that Chinese official holdings of U.S. Treasury bills have increased by 50% in the past 12 months, as China continues to invest its ever increasing stash of dollars. "Cheap talk aside, China is actually the biggest supporter of the dollar," says Scissors. "It has no choice." Don't expect to change those greenbacks for redbacks anytime soon...
While the recession hasn't spared any age group, it's been particularly brutal for older Americans who were counting on their (now shrunken) nest eggs to last through their retirement years. To supplement their stash, an increasing number of seniors are turning to reverse mortgages, which function essentially as a cash advance on their home equity, repaid only when they sell their home or die. The loans are available to those 62 and over, and lenders have to eat the difference if a home ends up declining in value. In the three months after February--when a provision...
...decide about short-term interest rates. These days that's a given: rates are stuck between 0% and 0.25% for the foreseeable future. Instead, the only real news one can hope for out of a Federal Open Market Committee (FOMC) meeting has to do with the $1 trillion-plus stash of mortgages and other debt securities that the Fed has built up during the past two years of financial turmoil. Is it going to step up its purchases (meaning it's still worried about economic collapse) or start winding them down (meaning it's starting to worry about inflation...
...classified documents from the National Archives shortly before he was scheduled to testify before the 9/11 Commission. Berger initially denied taking the documents, which concerned the Clinton administration's response to a 2000 terrorist plot, but eventually pleaded guilty. (Berger did not, as popular mythology would have it, stash the files in his pants or socks on his way out of the library - he used his suit jacket.) Though Berger was disbarred and relieved of his security clearance for three years, he later served as foreign policy adviser to Hillary Clinton during her run for president...