Word: stashed
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...opposed to paying cash. Credit-card spending just doesn't feel like real money. In another study, Nicholas Souleles of the University of Pennsylvania and David Gross of the consultancy Compass Lexecon calculated that the typical consumer unnecessarily spends $200 a year in interest payments by keeping a sizable stash of cash in savings or checking while at the same time carrying a credit-card balance. In our heads, the two don't line...
...governments, that's real cause for concern. It might not show up in the national accounts, but trust is vital for an economy to work. When we stash wages or savings with banks, we trust they'll be safe and accessible when we need them. When we squirrel money into a pension, we trust it'll pay back when we retire. In a paper published in 2006, academics from Italy, the Netherlands and Canada even found that trust levels between citizens of two countries has a significant effect on the investment decisions of venture capital firms, even after accounting...
...equipped with floodlights. When his wife hauls him in after midnight, as she often does, the Irish golfer retires to a specially designed indoor range in his basement. At most tournaments, Harrington is the last golfer to leave the practice ground; at one event this year he hid a stash of balls behind a hospitality tent so he could sneak back out to practice after the staff went home. As is common to addicts, those close to Harrington try to wean him off his habit. His caddy, Ronan Flood, will often urge him to resist hitting one last bucket...
...hope your April Fool's went well. FlyBy, of course, was not fooled by anyone--many attempted, none succeeded (we will confirm our enviable stash of GOLD, but refrain from discussing how it's put to use). For all of you, we present (to those who haven't seen it), the famed College Humor Prank War, which finally updated recently with a new prank. How else to keep your brain alive in tonight's VOID? Share your April Fool's story in the comments! Help out a fellow VOIDer...you could be the difference between someone powering through or leaving...
...lifelong-employment system." The key to success is to rely less on exports and more on domestic demand - a prescription that, a DPJ policy document says tartly, "has been on the table for the past 20 years." But Ozawa recognizes that to encourage the Japanese to shop rather than stash their cash in safety-deposit boxes, something more than exhortation is needed. "We have to give a sense of security to the population," he says. That implies, given the demographic challenge, real reform of health care and retirement benefits. Even the younger generation, Ozawa says, are "worried that they will...