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...error - doing too little or too much, acting too late or too soon - is now greater. Monetary policy is such a potent tool these days because of the record level of household debt and the cost to service it: $1 out of every $10.75 in disposable income is eaten up by interest payments. That's higher than in the late '80s when home mortgage rates were 17%, compared to around 7% nowadays. If rates rise, it doesn't necessarily mean that people will default on their loans or be forced to sell their homes cheaply, according to the central bank...

Author: /time Magazine | Title: Big Mac, With Interest On the Side | 2/22/2005 | See Source »

...wines to complement your truffles. These red and noble Barolos and Barbarescos match beautifully with the musky truffle. This is a pleasant trip any time of year, but the late fall and early winter are the only times you can experience this gustatory extravagance. Even if you have never eaten a truffle, don't be intimidated. Everyone has a first time. Why not make yours while on vacation in these vineyard-laced hills...

Author: /time Magazine | Title: Spicing Up Your Winter Travel | 2/14/2005 | See Source »

...content and style. By employing the understated romance, unconvincing fight scenes and, of course, the ridiculous song-and-dance sequences of a Bollywood musical, Chadha introduces her viewers to both the Indian way of life and the Indian way of cinema. Essentially, Gurinder Chadha has had her cake and eaten it too; she has treated us to a movie with all the silly fun of Bollywood melodrama, while staying true to the understated grace of Austen’s original story...

Author: By Steven N. Jacobs, CRIMSON STAFF WRITER | Title: Bride and Prejudice Review | 2/11/2005 | See Source »

Downside High management fees have eaten up investment gains for many retirees. Benefits for older pensioners still in the former system plus the cost of pension guarantees account for 25% of Chile's national budget...

Author: /time Magazine | Title: Social Security: Going Private: Lessons from Overseas | 2/7/2005 | See Source »

With 16 percent of all dinners at Quincy eaten by students from Houses with restrictions on Quincy residents, students at the meeting also considered a tit-for-tat strategy where they reciprocated the restrictions on the Houses that banned them...

Author: By Ying Wang, CRIMSON STAFF WRITER | Title: Quincy Considers Restrictions | 2/3/2005 | See Source »

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