Word: household
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Rahman, 36, may not be a household name to Westerners, but he is every bit as much a musical monarch as Lloyd Webber is, having sold well over 100 million CDs. A little perspective, folks: that's about the same as Madonna and Britney Spears combined. And he comes to a London seemingly besotted with Bollywood. In May Selfridges department store had a $1.69 million tribute to the genre, complete with visiting stars, movie-set replicas and Bollywood-inspired clothing. The British Film Institute meanwhile is running Imagine Asia, at eight months' duration England's largest Bollywood film festival ever...
...always in Asia, the broad-brush picture hides many fine details. Hong Kong and Singapore aren't seeing as strong a growth in consumer spending as elsewhere. In Hong Kong, especially, perceptions of household wealth have always been tied to the property market, and because property prices have been slumping since 1997--with no end in sight--people just don't feel rich. While I was visiting there last month, the unemployment rate rose to 7%, the highest since 1981. In many years of trips to Hong Kong, I can't remember a time when the economic sentiment of those...
...while yet. It's tempting to wag a finger at spendthrifts living beyond their means, or at the new breed of middle-class speculators taking out buy-to-let mortgages to become landlords. Yet most British borrowers look quite clear-eyed and rational once you've seen their household balance sheets. With base interest rates at a 38-year low of 4%, many feel they literally can't afford not to borrow...
...this makes you nervous, take heart from the fact that none of this comes as a surprise to Sir Eddie. The Bank planned it to happen this way. "Policy has been keyed to engineering strength in the housing market and the household sector," says Loynes. The idea was to keep the consumer side of the economy going to make up for the sharp slide in the industrial sector. So far, it has worked. Last week, the Bank began signaling that a rate hike is on the way, but the evidence of an economic rebound remains ambiguous enough that even...
...reason for interest in the videos, Zylberman says, is the high rate of assimilation and intermarriage among Jews. "We get a lot of grandparents whose grandchildren are being brought up in a mixed-religion household," she says. "Giving a video is not offensive. They call us and say, 'My grandchild is not being brought up with any religion. I don't have the influence to teach it myself,' so they give a video as a present." For parents who live in more remote areas, or without access to a synagogue, the videos provide a way for them to pass Jewish...