Word: spending
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...proximity to Europe and the U.S. and its foreigner-friendly tax regime. But over the past 10 years, the flow of superrich into the capital has surged. Emerging economies and the opening up of the E.U. mean there are more people in the world with big money to spend. And the rise of London as a leading financial center, along with the strengthening of the British pound, have made the U.K. the place to spend it. These days, wealthy Middle Easterners and Western Europeans have been joined by Russians, Chinese, Indians and Eastern Europeans whose wallets have grown along with...
...Divisions While upscale businesses have unquestionably benefited from the influx of rich foreigners, it's less clear that their money trickles into the larger economy, helping lift living standards for less-wealthy Londoners. Paul Knox, head of U.K. wealth advisory services at JP Morgan, says rich expats "have tremendous spending power. Interior designers, domestic staff, schooling for their children, bars, restaurants, taxis, and more." On the other hand, "If a rich person brings $1 million into the economy, not all of that $1 million is going to filter into the wider economy," says Jonathan Said, senior economist at the Centre...
...toward a person who sparks your interest. There's the sublime feeling of relief and reward when that interest is returned. There are the flowers you buy and the poetry you write and the impulsive trip you make to the other side of the world just so you can spend 48 hours in the presence of a lover who's far away. That's an awful lot of busywork just to get a sperm to meet an egg-if merely getting a sperm to meet an egg is really all that it's about...
...Each school will determine how to spend the three-week January term, which may be used for study abroad, research opportunities, internships, short courses, or vacation, according to a University statement...
...would spend, sometimes, into the wee hours,” she added...