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Word: thrifting (lookup in dictionary) (lookup stats)
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...insure billions of dollars in derivative portfolios, building up potential liabilities many times its capacity to pay out if the portfolios defaulted. Few financial experts ever imagined the scope of the impending defaults. Neither did regulators. AIG's uncollateralized insurance combine was regulated by Washington's Office of Thrift Supervision, whose task is to watch over savings-and-loan companies, not global insurers. And it wasn't watching...

Author: /time Magazine | Title: How AIG Became Too Big to Fail | 3/19/2009 | See Source »

...many testimonials scattered throughout the first issue provide encouragement for surviving life's trials, and there are plenty of suggestions for how to help others in need. But many churches these days are offering practical help to their members, holding financial-planning seminars and rediscovering the values of thrift and stewardship. In contrast, of the 144 pages of Warren's premiere issue, only one includes specific suggestions for weathering the recession, in the form of a sidebar, "4 Blessed Ways to Get By." Warren will need to apply his golden touch once again to convince readers that one of those...

Author: /time Magazine | Title: Rick Warren's Magazine: A Publishing Leap of Faith | 3/10/2009 | See Source »

...collected by the late iconic French designer Yves Saint Laurent and his business and former life partner, Pierre Bergé. It's understandable if you want to dismiss the hundreds of millions spent on someone else's stuff as just another example of clueless extravagance in an age of thrift. But for those with means, there was something else for sale, as valuable and just as likely to drive a person to irrational spending as a masterpiece: taste...

Author: /time Magazine | Title: The Moment | 2/26/2009 | See Source »

...federal government has a small operation called the Office of Thrift Supervision, which, among other things, keeps track of mortgage defaults. It defies common sense, but the agency says that many people who have mortgages re-worked to their financial advantage often default on their obligation anyway...

Author: /time Magazine | Title: When Mortgage Assistance Does Not Work | 2/25/2009 | See Source »

...contrast, 70 percent of the surveyed members of the National Association of Resale and Thrift Shops (NARTS) reported sales increases between fall 2007 and fall 2008, with an average increase of 35%. The vast majority also saw increases in the numbers of new customers and consigners...

Author: By Lingbo Li, CRIMSON STAFF WRITER | Title: Shops Offer Clothes That Fit Consumers’ Wallets | 2/18/2009 | See Source »

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