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Presciently, the high-end Japanese bathroom-fixtures manufacturer Toto chose a time when the economy is circling the drain to launch its newest product - a $5,000 commode with a super-efficient flush. The Neorest 550 seems at first a senseless money tank, but at a swellegant downtown New York City launch party last week, the press and interested parties were almost persuaded that this fixture is more than a very dear john - if used right, it's good for the environment and it could even save you money. How? Consider the following...

Author: /time Magazine | Title: Just What the Economy Needs: A $5,000 Toilet | 10/10/2008 | See Source »

Perhaps that's why sales of economy cars like the Hyundai Accent or Kia Rio, which people need whether the economy is flush or bust, remain steady. Sales dropped slightly last month at Halleen Kia in North Olmsted, a Cleveland suburb. But so far in October they're back to normal, even as credit tightens, says general manager Eric Halleen. "People who might have qualified for an 84-month loan this summer are getting cut back to 62 months," Halleen says, "but we're still able to get deals done...

Author: /time Magazine | Title: Cleveland's Crisis: Cars Aren't Moving | 10/8/2008 | See Source »

...rained down home foreclosures and other calamities on Florida, slapping the slack-jawed face of a youth cohort that until now had never experienced a downturn. During the extended Florida boom of the past two decades, says Scher, "young people here grew up thinking this state was always flush, always on the upswing. Now there's a sense that something is burning here." Moller says he's seeing more Florida college seniors moving toward the Democrats as a result. "I feel like my dad did when he graduated in 1976," during another period of economic malaise, he says. "We feel...

Author: /time Magazine | Title: Young Voters Could Be the Deciding Factor in Florida | 10/8/2008 | See Source »

...dropping, perhaps to last year's $60-per-bbl. mark, drivers may opt to keep their old cars, especially if the recession in the U.S. and Europe deepens and car loans get even harder to obtain. In debt and facing slumping sales, the auto industry is also competing against flush high-tech companies in Silicon Valley, which are also racing to perfect a lithion-ion car battery. What's more, the billions that the auto companies are spending in research could be squeezed during the recession, especially since it is difficult to estimate how many electric cars they will ultimately...

Author: /time Magazine | Title: Electric Cars at the Paris Auto Show | 10/6/2008 | See Source »

...think either camp has a Plan B for health care [should the bailout plan go through],” Philipson said. “Clearly, it would favor reduced spending. But this is all hypothetical.” Malani, who said he had hoped to examine the details and flush out the weaknesses in both candidates’ plans, spoke positively about the event afterwards. “I think we had some considerable success,” Malani said. “We got to push back on some of the details.” Health care is perennially...

Author: By Danielle Kim, CONTRIBUTING WRITER | Title: Economists Advising Presidential Candidates Clash on Health Care | 10/3/2008 | See Source »

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