Word: walleted
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...rising rate! This is the sort of spike that?s supposed to scare consumers into thinking recession, and bringing one on by acting accordingly. Read headline - close wallet...
...also puts them in an ideal position to pitch users the company?s alternative: Microsoft Passport, the one-stop "e-wallet" which has already been called an attempted "choke point" on e-commerce by none other than Microsoft?s chief rival, AOL-Time Warner (parent company of this writer, and developer of competing choke points...
...lost surplus may also be hurting the economy--and hitting Americans in the wallet. Despite Federal Reserve Board Chairman Alan Greenspan's seven short-term interest-rate cuts, long-term rates--the ones that govern home mortgages--have hardly budged. The reason: those rates are set not by the Fed but by bond traders, many of whom are clearly spooked by economic uncertainty and anticipate more government borrowing in the future. Mortgage rates, though fairly low, could be lower--and if they were, even more Americans would be refinancing their mortgages and getting back hundreds of dollars a month...
...exciting," says Serena, sounding very much like a younger sister. And they act like sisters. Really close sisters. Besides living together, they usually share hotel rooms at tournaments. They sit next to each other in their classes. They want to start a clothing business together. When Venus loses her wallet, which is surprisingly often, Serena often finds it. Venus even sticks her nose in Serena's mouth to find out what she ate. They make the Jolie siblings look estranged...
...George W. Bush certainly hopes so. The $100 million in tax rebates that hit mailboxes in August haven?t had time yet to show up in those lagging economic reports, and most economists expect that extra $300 in every wallet to find its way back into the economy as the fall progresses. His political future - not to mention that of his Republican compatriots in Congress - may be riding on it, as Bush?s father can attest. In Washington, it?s still the economy, stupid, and if consumers ever stop spending we?ll be in a recession by Thanksgiving...