Word: tending
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...Moreover, as Japanese must rely on private savings as their biggest cushion when times are tough, they tend to save more than they would otherwise. Even workers eligible to receive government benefits cannot rely on the public pension system for adequate retirement funding. In short, this thin social safety net perpetuates the population decline and prevents private consumption from rising to offset the shrinking number of consumers. You can't expect the population and the economy to grow by guaranteeing survival to only the oldest workers and businesses while subjecting everyone else to market forces...
This time the task of leading the country through yet another ritual of grief fell to Ted Kennedy. First he had to tend his family, shuttling between his stricken parents in Hyannis Port and Bobby's widow Ethel and 10 children in Virginia. He and his mother Rose taped a five-minute television message of thanks to the nation for its condolences. By 1968 she had lost four of her nine children - and here, the Kennedy way of death was given its clearest expression: "We shall honor him not with useless mourning and vain regrets for the past," Rose Kennedy...
More importantly, the program was a lifeline thrown at severely cash-strapped dealers. Sales were up. So were the profits. Consumers tend to drop their guards when there are big incentives, assuming that they will get great deals no matter what. As the clunker sales reached a fevered pitch, I think it's fair to say that the deals got much stingier. Many shoppers could have gotten better deals if they had done their homework before going to the dealership. (Watch a video about an optimistic Dodge dealer...
...P/Case-Shiller index of home prices in 20 cities saw a 1.4% gain between May and June. That's only the second time the index has risen since the summer of 2006 (the other time was the month before). Once you adjust the data for seasonality - the fact that houses tend to sell for more money in the warmer months - the increase in July was actually the first since May 2006. Home-price data from the Federal Housing Finance Agency, which tracks homes with mortgages owed or guaranteed by Fannie Mae and Freddie Mac, also showed a May-to-June gain...
...tell you what all this volume of trading will mean," says electronic-trading pioneer E.E. (Buzzy) Geduld, who sold his firm, Herzog Heine Geduld, to Merrill Lynch in 2000. "I can tell you there may be some unintended consequences and this all may blow up." Competition and innovation tend to make markets explode from time to time. And while we wouldn't really be able to blame this one on Bernie Madoff, you could say he helped light the fuse...