Pass the Word: Passwords again in the News

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As the Internet has matured users find they are asked to create, remember and use longer and longer lists of passwords—all unique, strong and never to be used again—resulting in ungainly lists, or people simply ignoring all the advice about security. Now, a combined team of researchers from Microsoft and Carleton University has come up with what they believe is a sound strategy for managing online user passwords: use simple passwords repeatedly for accounts that aren't that valuable and more sophisticated ones non-repeatedly for accounts that are.
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http://phys.org/news/2014-07-microsoft-approach-users-web-passwords.html