Squatter Relying On Obscure Law Is Kicked Out Of Florida Mansion
Andre Barbosa had been been living in the 7,200-square-foot home with an ocean view since December. After consulting with the state attorney, police decided he was trespassing.
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Polish firm 'did not process horse'
Death By Drone, And The Sliding Scale Of Presidential Power
The controversy over President Obama's targeted-killings-by-drone policy is a reminder that the default position of presidents in times of crisis is to side with national security over civil liberties. That instinct has been true throughout history, and has been acted on by liberal presidents and core conservatives.
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RSC returns to Newcastle after cuts
Choirmaster victim 'killed herself'
VIDEO: The breakdancing 'SlumGods' of India
School caterers 'confident' of meat
Daughter, 9, found bodies in house
EU leaders agree 3% budget cut
Persuading us to save not spend our tax refund
The average tax refund last year was $2,800 -- enough to feel like a bonus pay check or a surprise inheritance.
“Many people, when they get that refund check, it’s their one day of the year of solvency,” says Richard Thaler, a professor of economics at the University of Chicago. “I’ve preached that we should try to exploit this opportunity by making it as easy as possible to take some of that money and save it.”
That’s the idea behind an experiment by Washington University in Saint Louis and Intuit during tax season this year. Approximately 1.2 million households that use Intuit’s free TurboTax to file their taxes will see their refund amount and, at the same time, they might see a suggestion for much of it they should save.
One potential message reads, “Have a family or thinking about starting one? Start planning a bright future for them.”
Tax filers will then have the option to send their refund or a portion of it directly to a savings account or use it to buy a U.S. savings bond.
It’s crucial to give people an easy way to save before they have their checks in hand, says Michal Grinstein-Weiss, an associate professor at the Brown School of Social Work at Washington University.
In fact, she calls it the “golden moment.”
“That’s the moment when they need to decide what they’re going to do with it,” she says. “And that’s when we’re intervening.”
Grinstein-Weiss will use a control group who don’t receive the messages to see if the approach increases savings.
She’s hoping that she’ll succeed where the recent financial crisis did not. Despite an initial uptick in savings during the height of the recession, savings rates did not significantly change.
Harvard professor Brigitte Madrian says, actually, this new experiment has a better strategy than the crisis.
“If you got an email in your inbox that said, ‘The financial crisis is happening, do you want to save more, click here,’ that would lead to bigger behavioral changes than just people watching it on the television,” says Madrian.
Protesters harry Georgian president
U.S. Postal Service Reports $1.3 Billion Loss In First Quarter
While a big number, it's way down from the $3.1 billion loss posted during that period last year. The Postal Service said it's already cut its operating costs, but it needs Congressional help to put it back on sound financial footing.
Missing rugby fan search continues
Hamilton satisfied with Mercedes
Cameron 'proud' of EU budget cut
Clashes In Tunis At Funeral Of Opposition Leader
The assassination of Chokri Belaid has sparked protests. Emotions are running as high as they were two years ago at the start of the Arab Spring.




