T’is the season to spend money — but is there a way of lessening the “pain of paying”? Economist Jay L. Zagorsky shares his thoughts — and preference for cold, hard cash.
Tag: cash
A default would be one of the clearest signals that the sanctions are having their intended effect on the Russian economy. But its impact on Russia’s ability to wage war in Ukraine may be another story.
Wealthy Latin Americans have been among the most active home buyers in Miami, which now may be creating a “tough” sellers’ market perceived by some as simply a haven for assets threatened by instability in home countries.
In Stockholm and around the country cash has disappeared from businesses and banks. Everyone, except the elderly or those without digital access, pays with credit cards or mobile apps.
-Analysis- BENGALURU — The patient was the Indian economy. Among the 176 countries that have been ranked by Transparency International on a scale from 100 (very clean) to zero (highly corrupt), India ranks in the second half of the list at 79, with illegal money of sizeable proportions. The central government, which was elected on the promise of a cleaner government, is worried about coming to power again. With the impending election two years away, it had to do something drastic: a much-dreaded surgery with uncertain consequences. That was the November 2016 decision of removing Rs 500 and Rs 1000 […]
Experiments among Syrian refugees in Lebanon are testing the best way to help those in need.
NEW DELHI — I am outside the Reserve Bank of India building in New Delhi. It’s 8 a.m. The bank opens at 9 a.m. but more than 300 people have already queued up here. Among them is 60-year-old Mohammad Mustaqeem. He runs a garment shop but hasn’t been able to open it for the last three days. “There’s no business in the market. The only thing for us to do now is to stand in these queues for money because without it we can’t even get food.” “The grocer is now refusing credit so we can’t get milk, we can’t […]
BUENOS AIRES — Argentina’s “inflation effect” is being blamed for the “intensive” use of ATMs in the country. Or at least the attempts to use them, because dispensers are increasingly breaking down or spitting out receipts instead of cash. For an increasing number of customers, what they are mostly good for is putting people in […]
BEIJING — It’s not something most of us have to worry about these days, but for some, having too much money can pose serious problems. Take, for example, your average corrupt Chinese official. Former deputy director of Hohhot Railway Bureau in Inner Mongolia, Ma Junfei, was arrested, tried, sentenced to death and then reprieved for […]