Word of the year...
Well, we're probably a little tired of it. It's been used, abused, interpreted, re-interpreted, misinterpreted...but here it is...Merriam-Webster's online dictionary has deemed the word bailout as word of the year.
Hopefully, we'll get to the point where we won't need to use the word much any more, but from the looks of things, don't close the dictionary on it...
Here's a blurb from the Associated Press:
SPRINGFIELD, Mass. -- Everyone seems to want one, but apparently a lot of Americans aren't sure exactly what a "bailout" is.
People looked it up so often on Merriam-Webster's online dictionary that the Springfield-based publisher says "bailout" was an easy choice for its annual Word of the Year honor.
The rest of the list features other terms used at times of economic peril, "trepidation," "precipice" and "turmoil."
Several phrases from the presidential campaign also made the cut: "bipartisan," "vet" -- as in to appraise and evaluate -- and, of course, "maverick."
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Economic Alert is a daily blog on business and the economy in the San Gabriel Valley and beyond, featuring updates and observations from the staff of the San Gabriel Valley Newspaper Group. SGVN includes the San Gabriel Valley Tribune, Pasadena Star-News and Whittier Daily News.
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Kevin Smith is business editor for the San Gabriel Valley Newspaper Group. Over the past 15 years, Smith has covered development, housing, employment, technology and financial trends for a variety of newspapers.
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Ryan Carter covers business and the economy for the San Gabriel Valley Newspaper Group.
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Your hosts:
Kevin Smith is business editor for the San Gabriel Valley Newspaper Group. Over the past 15 years, Smith has covered development, housing, employment, technology and financial trends for a variety of newspapers.
Ryan Carter covers business and the economy for the San Gabriel Valley Newspaper Group.
When people buy cars, they buy everything. If they want people to start buying cars again they should allow the interest paid on the loan as a tax deduction. Automobile companies will benefit because new cars will start selling again. This will lower the cost of used cars, banks will issue loans, communities will collect sales tax, there will be safer, cleaner and better running cars on the highways. Stocks in automobile companies and all its supporting businesses will go up. Anything that has to do with a new car will start selling again.
Ernie C. Black
1409N. Siesta St.
Valinda, CA
626-338-2778
"I have everything I need and anything I want...I can do without"...EC Black