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...ancient Egyptians were the first to domesticate cats, which they regarded as sacred. Mertz carries on the tradition. In her two-story solarium, dappled with sunlight, it seems as though cats are everywhere, strutting and preening as household gods. "They're all a little mad at me, because yesterday was the day for the vet," confides Mertz. In all, there are five felines: Dorothy, Nefret, Emerson, Ellery and Sethos...

Author: /time Magazine | Title: Achievers: Mystery Tours | 6/2/2003 | See Source »

...among the highest-paid executives in Britain, will take home $3 million in salary, $12 million in guaranteed annual bonuses, and $21 million in stock grants over three years, plus other lavish benefits on top of the $20.3 million paid him by HSBC for having his contract terminated with Household International, a firm HSBC recently acquired. But at least HSBC has outperformed the market. It's the idea of "rewards for failure" that has really fueled the fat-cat fuss in Britain. Just as in the U.S., where revelations of corporate piggery last year triggered a populist backlash, Britain...

Author: /time Magazine | Title: Fat Cat Fur Is Flying | 6/1/2003 | See Source »

...cost of services, which includes out-of-pocket expenses that you notice most, has risen nearly twice as much as the core CPI--2.8% in April over the year before. Car insurance rose 9%, consumer health premiums 8%, college tuition 7%. Altogether, services make up about 24% of household spending. Then there's housing, which accounts for 32% of spending. It rose...

Author: /time Magazine | Title: Deflation: Why Aren't Your Prices Falling? | 5/26/2003 | See Source »

Another problem with the inflation data is the mythical average household. If you spend a lot on health care or have three kids in college, your reality will not match the norm. To adjust for changes in demographics and spending habits, the average is recalculated every two years. But it still lags some trends. Cell phones and Internet access are significant new expenses for many families that aren't adequately captured in the latest CPI. And today's cost-of-living adjustments don't reflect looming shocks, like the $78 billion cumulative deficit that state governments will soon be making...

Author: /time Magazine | Title: Deflation: Why Aren't Your Prices Falling? | 5/26/2003 | See Source »

...campaign since the 1975 invasion of East Timor?rifle-toting police in ski masks patrolled the streets on trail bikes. In the countryside, newly arrived marines were entrenched in the ruins of houses torched in previous failed campaigns to wipe out the rebels. Indonesian flags, raised by each Acehnese household by order of the military, fluttered over deserted roads...

Author: /time Magazine | Title: Young Blood | 5/26/2003 | See Source »

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