Word: wealthier
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...case that the wealthier institutions among us should be taking less risk—not more risk—because they’re less able to manage the volatility in their investment returns given their dependence upon those returns in their operating budgets,” said Bacow, a graduate of Harvard Law School and the Kennedy School, in the interview...
...resemble interlocking crosses) were used to brand the baked treats. In medieval France, an entire guild was established in 1270 to train the vendors who sold waffles on the street. Because the simplest version only called for flour and water, it soon became a staple of country cooking, though wealthier peasants would add honey, eggs and aromatized wine. The delicacy, according to Geoffrey Chaucer, made for an excellent means of seduction. "He sent her sweetened wine and well-spiced ale/ And waffles piping hot out of the fire," the English poet wrote of courtship in the 14th century...
Schools with skewed socioeconomic distribution are also seeing high student-transfer rates. Schools in wealthier areas of Cambridge are experiencing stable or increasing enrollment, while schools in poorer neighborhoods experience high rates of attrition. For instance, Baldwin and Graham & Parks had twice as many students enrolling than leaving; Amigos, however, had four times as many students leaving than enrolling...
...whether or not they will buy remains an open, and crucial, question. Even though Chinese are becoming wealthier, they are actually saving a greater percentage of that new wealth. Cornell University economist Eswar Prasad figures that China's average urban household saving rate reached 28% of disposable income in 2008 - 11 percentage points higher than in 1995. As a result, the role consumer spending plays in China's economy continues to head in the wrong direction. Private consumption accounted for a mere 35% of GDP in 2008, down from 46% in 2000. China's ratio stands at about half that...
...hardship: grandparents tutor young children while Mom and Dad work; they acculturate the youngest generation to the values of family and nation; they provide a sense of cultural continuity that helps bind a society. China needs to make obvious changes to its elder-care system as it becomes a wealthier society, but as millions of U.S. families make the brutal decision about whether to send aging parents into nursing homes, a bigger dose of the Chinese ethos may well be returning to America...