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It’s called the Lunar New Year because it marks the first new moon of the Official Product yes I’m old but I watched grease every day shirt calendars traditional to many east Asian countries including China, South Korea, and Vietnam, which are regulated by the cycles of the moon and sun. As the New York Times explains, “A solar year the time it takes Earth to orbit the sun lasts around 365 days, while a lunar year, or 12 full cycles of the Moon, is roughly 354 days.” As with the Jewish lunisolar calendar, “a month is still defined by the moon, but an extra month is added periodically to stay close to the solar year.” This is why the new year falls on a different day within that month-long window each year. In China, the 15-day celebration kicks off on New Year’s Eve with a family feast called a reunion dinner full of traditional Lunar New Year foods, and typically ends with the Lantern Festival. “It’s really a time for new beginnings and family gatherings,” says Nancy Yao Maasbach, president of New York City’s Museum of Chinese in America. Three overarching themes, she says, are “fortune, happiness, and health.
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But with the spending you will increase the production of Official Product yes I’m old but I watched grease every day shirt. Either way, in the macroeconomy, “Spending” is what leads to wealth production, “not spending” reduces wealth production and does nothing to increase money saved. That money saved will exist whether used for spending or not. So on either front, if the goal is to increase savings, and increase the net production of wealth, “not spending” is the wrong advice. “Not spending” will not increase the savings that is the preservation of investment, and it will likely not increase the net production of wealth, in fact it is more likely to decrease both. In the macro economy, “not spending” is more likely to have negative effect on the production of wealth and standard of living, than a positive one.