Word: accounting
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...While that may sound like a dramatic increase - and could in part explain why more families today are raising only one child - it's actually not much greater than the U.S. inflation rate over the same time period. But consider what the government figures don't take into account, and the onerous repercussions for families nationwide. Take child care. According to the USDA, parents spend an average of $1,220 to $3,020 on child care and education during each of the first two years, depending on household income. Yet the National Association of Child Care Resource and Referral Agencies...
...greater than a year's tuition at a public college. And why not start talking about college, even if said child is merely an infant? While the USDA doesn't include college costs in its estimates, since it covers kids only up to age 18, it should take into account the amount of money parents need to save in order to eventually afford those $50,000 tuition bills. Most financial advisers urge parents to set aside a minimum of $1,000 per child a month, which alone would nearly double the government's total childrearing estimate...
...does the report take into account the myriad other products and services that parents today consider essential to raising a child. When you count the stroller, car seat, baby formula, crib, pacifiers and diaper cream, the bill for the first year's baby gear alone clocks in at $6,300. That's not including such luxuries-cum-necessities as exersaucers, baby sign-language class, Mommy and Me yoga and bouncy seats for the youngest set - and then soccer, tutoring, piano lessons, iPods and designer jeans once the kids hit school age. Sure, some of this stuff is extraneous. But most...
...environmental cost of this cropland creep is now becoming apparent. One groundbreaking new study in Science concluded that when this deforestation effect is taken into account, corn ethanol and soy biodiesel produce about twice the emissions of gasoline. Sugarcane ethanol is much cleaner, and biofuels created from waste products that don't gobble up land have real potential, but even cellulosic ethanol increases overall emissions when its plant source is grown on good cropland. "People don't want to believe renewable fuels could be bad," says the lead author, Tim Searchinger, a Princeton scholar and former Environmental Defense attorney...
...yacht in West Palm Beach, Fla., and just weeks before Paxson's owner was scheduled to hold a fund raiser for McCain. The appearance problem was so severe that John Weaver, McCain's political adviser at the time, asked one of Alcalde's lobbyists on the Paxson account to keep a distance from the campaign...