Or they may lack the wealth or borrowing capacity to make smoothing work, and are therefore accustomed to living paycheque by paycheque.

ECONOMIST: Economics focus: Remember fiscal policy? | The

The victory earned Bickerton the biggest paycheque of his career (666, 660 Euro) and a place at the Open at Royal Liverpool in two weeks' time.

BBC: SPORT | Golf | European Tour | Bickerton earns French Open win

The Treasury messenger arrives with his first paycheque as President.

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