Word: spending
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...some U.S. officials, the Chinese people are way too thrifty. Hoping to help bring down the soaring U.S. trade deficit with China, which rose by 15% to $232.5 billion last year, Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke have urged Beijing to encourage Chinese consumers to spend more (preferably on U.S. imports) and save less. It's true that a culture of financial prudence has shaped the psyche of generations of Chinese, leading to a national savings account of $2 trillion at the end of 2006. But it isn't quite fair to suggest that overly frugal...
...HSBC recently conducted a survey on saving and spending patterns among the middle class in six Asian cities: Hong Kong, Kuala Lumpur, Shanghai, Seoul, Taipei and Tokyo. Surprisingly, it was Shanghai's middle class that stood out as having the highest propensity to spend. Nearly three out of four Shanghainese who answered the survey said they agreed with the statement that "people nowadays will choose a balanced spending and saving mode rather than sacrificing to save." Of this group, 47% said they saved only what was left at the end of the month; almost one out of three said they...
...model House Masters. From redesigning Currier’s fishbowl, transforming it from a de facto dance studio, unused by Currierites, into a center of House life, to constantly making themselves available to their students, Badaracco and O’Brien made Currier not only a welcoming place to spend three years, but an immensely desirable one. Upon being quadded on blocking day, those freshmen who saw Currier’s tree on their blocking cards could take solace in knowing that they had gained entrance to one of the most unique and special places at Harvard...
...you’ll get roundtrip airfare from Boston, accommodation for 6 nights and a one-way intercity ticket on the Eurostar. www.statravel.com For the Adventurer... Explore Costa Rica: $382 gets you airfare from Boston to San Jose, six days’ accomodation, and your own personal tour guide. Spend three days in the rainforest and climbing the Arenal volcano, and three days sleeping it off on the beach at Manuel Antonio. Return with a tan your friends will hate you for, along with unidenitfiable insect bites. www.statravel.com You Get What You Give Give a little bit back and head...
...hikes to pay for such a program "might have a bridge to sell you in Brooklyn." That prompted Richardson and former Iowa Governor Tom Vilsack to adamantly dispute that. "I don't think the solution for the Democratic Party should always be we either tax more or spend more," Richardson said...