Word: bustedly
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...accounted for nearly 21% of total global GDP last year; China just 6.4%. Chinese consumption, in other words, is growing - but is still insufficient to lift the world's advanced economies out of recession. Consumer spending drives less than 40% of China's GDP; in the U.S. before the bust, the consumer accounted for almost 70%. With American shoppers now on the sidelines - the U.S. savings rate has soared from zero to nearly 7% in the past nine months as consumers have closed their wallets - the world desperately needs someone to step into that void. (Read "China Won't Ride...
...park system's strategic plan titled "Seventh Generation," which plays off an Iroquois Nation concept that every decision in the present must consider how it will impact people seven generations down the line. "It's hard to maintain this thinking when you're dealing with a boom-and-bust cycle, but we owe it to the public to find a way," she says...
...Florida law enforcement here discovered 480 homes growing marijuana indoors. Last year, 1,022 grow houses were busted. "This isn't your grandma's marijuana," quipped a Miami-Dade narcotics officer at one bust as he tossed garbage bags stuffed with confiscated marijuana into an unmarked police truck. Levels of THC - the agent in marijuana that produces feelings of euphoria, and in some users mild hallucinations and paranoia - have risen dramatically because of indoor techniques. Thirty years ago, most marijuana contained about 7% THC. Today, indoor growers boast THC levels of 25% or higher thanks to the additional care that...
TIME accompanied undercover agents on a recent bust on a quiet street of a working-class Miami suburb. As soon as the agents enter the front door, they know they've acted on a good tip. The pungent smell of plant life fills the air. The ceiling of the master bedroom is a constellation of high-powered lightbulbs emitting a nourishing glow onto what officers estimate is more than 100 lb. of particularly potent marijuana plants with a street value upwards of $800,000. (See pictures of stoner cinema...
...formidable process of founding a small business in France. The scheme cuts through the jungle of administrative red tape usually required to launch a company and dramatically lightens the heavy taxes and social charges other companies pay. While regular outfits face set charges whether business is booming or bust, auto-entrepreneurs are taxed only on revenue made. (See a TIME video on doing business in France...