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To: RealMuLan who wrote (75104)2/22/2008 5:03:06 PM
From: RealMuLan  Read Replies (1) | Respond to of 116555
 
-gg, NY mall tries cash handouts to stave off recession
Fri Feb 22, 2008 4:37pm EST
reuters.com
NEW YORK (Reuters) - A New York shopping mall is doing its part to stimulate the struggling U.S. economy by giving away $20,000 in cash to unsuspecting passers-by, hoping that handing out $50 bills will boost consumer confidence.

People dressed as Uncle Sam and the Statue of Liberty started handing out $1 bills around the borough of Queens earlier in the week, then began shelling out $50 bills at the Atlas Park shopping center on Friday.

Recipients are asked to spend or invest the money and told that if people have confidence in the economy it will become a self-fulfilling prophecy.

The handouts will continue for two months until reaching $20,000, equivalent to $0.05 per square foot of retail space.

The mall owners say the private-sector effort will "supplement" the $168 billion stimulus package signed into law by U.S. President George W. Bush on February 13.