Word: thrifts
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That sort of thrift would have been applauded during World War II, when the Federal Government imposed rationing of food, gasoline and tires. But now Washington is doing all it can to get consumers to open their wallets. The Federal Reserve Board slashed short-term interest rates half a point, its eighth cut this year, and the Bush Administration signed a $40 billion stimulus package to help with the recovery effort and the fight against terrorism...
...gave us. Musical taste became our primary means of distinguishing ourselves from one another. In college most indie-rock kids respected hip-hop, and most hip-hop kids respected indie rock, but there was rarely any question as to who was hip-hop (baggy clothes) and who was indie (thrift-store clothes). The two groups tended to keep to themselves...
...retirement package seems a tad overgenerous for a CEO who, by some reckonings, may have weakened the company. If you criticize welfare mothers for irresponsibility and laziness and immorality, on the other hand, you are not waging class warfare; you are simply trying to uphold the American virtues of thrift and ambition...
...Korea and Ghana, which had roughly the same GNP in 1960, went on to such different economic destinies--South Korea becoming an industrial giant, Ghana remaining pretty much unchanged. "It seemed to me," writes Huntington, "that culture had to be a large part of the explanation. South Koreans valued thrift, investment, hard work, education, organization and discipline. Ghanaians had different values. In short, cultures count...
...Korea and Ghana, which had roughly the same GNP in 1960, went on to such different economic destinies - South Korea becoming an industrial giant, Ghana remaining pretty much unchanged. "It seemed to me," writes Huntington, "that culture had to be a large part of the explanation. South Koreans valued thrift, investment, hard work, education, organization, and discipline. Ghanaians had different values. In short, cultures count...