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...What developers didn't count on, though, was stingy consumers. Despite the country's rapid economic gains, the average citizen has little to spend on frills. Per capita annual income remains below $2,000. The average household saves more than 25% of its pay, in contrast to Americans, who in recent years have tended to spend more than they make. Just 4% of Chinese have credit cards, and purchases using plastic average less than $1,000 a year per cardholder. By Western standards, Chinese consumers simply have not yet begun to spend. As a result, "less than a handful...

Author: /time Magazine | Title: Aspirational Hazard | 7/12/2007 | See Source »

...both worlds, Dawn will ease itself into a six-month orbit around Vesta, then climb gradually back out and fly on to Ceres, which it will orbit for about five months. This is the part that would have been simply too fuel intensive for an ordinary spacecraft. Dawn, by contrast, should have enough xenon left over after its Ceres stay that mission planners might even consider sending it on to a third destination...

Author: /time Magazine | Title: The Slow-Motion Space Mission | 7/12/2007 | See Source »

...investigation by TIME reveals a marked contrast in how the Israelis and Hamas view their complicated on-again, off-again negotiations over Shalit's release. The disconnect arises partially out of Israel's refusal to deal directly with Hamas, which they consider a terrorist organization. While some informed Israelis say they are "optimistic" that Shalit will be free "within weeks," Hamas officials are far more cautious - one offered the glum assessment that bargaining could drag on for another year...

Author: /time Magazine | Title: Inside Israel's Talks with Hamas | 7/10/2007 | See Source »

Under current state law, private police departments in Massachusetts must only release daily crime logs and annual crime reports to the public. State and local police, by contrast, are required to provide reports that include the names of individuals involved in the incidents as well as other details...

Author: By Abby D. Phillip, CRIMSON STAFF WRITER | Title: Lawmakers Revive Battle Over Police Records | 7/6/2007 | See Source »

...results stand in stark contrast to a district-wide parent survey in June that found that parents opposed extending the school day from six to eight hours by a nearly two-to-one margin. (The latter survey did not disaggregate data for the two schools that have added class time, the King and the Fletcher-Maynard Academy...

Author: By Paras D. Bhayani, CRIMSON STAFF WRITER | Title: Parents at King School Favor Longer Day | 7/6/2007 | See Source »

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