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...whole going nowhere fast, a housing market like this one can make the difference between positive and negative growth (and likely did in the fourth quarter). It also provides the 68.3 percent of American households which own their home (also a new record, according to the Census Bureau) with a sense that there's somewhere they can put their money without some analyst, CEO or Middle Eastern despot making it disappear. Most significantly, consumer spending is 66 percent of GDP, and the purchase of a new home tends to have an "umbrella effect" on the homeowner's spending...

Author: /time Magazine | Title: Housing Looks Built to Last | 1/28/2003 | See Source »

FURNITURE while studying census and medical data in 2000, designers at mattressmaker Simmons noticed that the average American is 10% larger now than when its king and queen sizes were introduced four decades ago, according to Don Hofmann, senior vice president of marketing. So Simmons placed a 66-in.-wide platform on the 60-in. queen box spring, making room for a wider mattress dubbed the Olympic Queen. Hofmann believes the model has fueled an 8% growth in sales of his firm's larger mattresses. His hunch that Americans need more room in the sack is borne out by industry...

Author: /time Magazine | Title: How To Sell XXXL | 1/27/2003 | See Source »

...first official attempt to measure the prevalence of mental illness in the U.S. came in 1840, when the Census included a question on "idiocy/insanity." From that single category flowered many more disorders, but each asylum classified them differently. The DSM was first published in 1952 so that "stress reaction" would mean the same in an Arkansas hospital as it does in a Vermont...

Author: /time Magazine | Title: Diagnostics: How We Get Labeled | 1/20/2003 | See Source »

Likewise, the claim that Asian Americans are more economically successful than whites is erroneous. While the census bureau reported in 1997 that Asian Americas have higher median household incomes than non-Hispanic whites, this overlooks the fact that Asians have more income earners and individuals within each household. Moreover, Asian Americans concentrate both in metropolitan areas and in the states of California, New York and Hawaii, where costs of living are much higher, thereby decreasing their actual purchasing power. Consequently, if we use per capita income as a socioeconomic indicator, non-Hispanic whites, on average, earn over $2,000 more...

Author: By Sophia Lai and Silas Xu, SOPHIA LAI AND SILAS XUS | Title: The Invisible Minority | 1/17/2003 | See Source »

...poverty rate for Asian Americans also refutes the claim of universal socioeconomic success. The same 1997 census report indicates a poverty rate of 14 percent for Asians in America, as compared with 11 percent for non-Hispanic whites, 26.5 percent for blacks, and 27.1 percent for Hispanics. Furthermore, disaggregating the category “Asian American” demonstrates poverty rates of 25 percent for Vietnamese Americans and 45 percent for other Southeast Asian Americans. From these figures, it is clear that contrary to perception, a significant number of Asian Americans confront socioeconomic challenges...

Author: By Sophia Lai and Silas Xu, SOPHIA LAI AND SILAS XUS | Title: The Invisible Minority | 1/17/2003 | See Source »

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