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...short term remains laced with dangers. Household spenders are vulnerable to the triple-threat of high unemployment, rising long-term interest rates and the negative wealth effect of what Greenspan euphemized as "equity deflation." (Interestingly, Greenspan lent no overt credence to the worries about consumer debt that have cropped up lately, though rising mortgage rates are certainly part of that.) Businesses, without consumer demand (or, for that matter, much in the way of profits) to inspire them, may be slow to begin the capital investments that will fuel the next expansion...

Author: /time Magazine | Title: Greenspan Talks | 1/11/2002 | See Source »

...fuel-efficient minivan called the Natrium. It runs on a common compound called sodium borohydride. A chemical reaction inside the engine produces hydrogen to power the car's fuel cell, leaving behind not carbon dioxide (the primary culprit in global warming) but borax, a standard ingredient in many household soaps...

Author: /time Magazine | Title: Clean Enough to Wash Your Hands | 12/24/2001 | See Source »

...Princess Aiko When her diplomat mom married her dad, Crown Prince Naruhito, back in 1993, young Japanese women expected Crown Princess Masako to become a role model. Instead of shaking up the ossified imperial household, the Harvard graduate almost disappeared from public view. Now the modernizing mantle falls on little Princess Aiko, born Dec. 1. With no male sibling yet, she has set the nation to discussing the unthinkable: allowing a woman to ascend to the Chrysanthemum Throne. Surprisingly, more than 86% of Japanese think Empress Aiko sounds just fine...

Author: /time Magazine | Title: People | 12/24/2001 | See Source »

...Homespun, Ulrich studies what 11 objects from colonial everyday life have to say not only about their owners but also about the development of an American icon—the home-based rural economy in which virtuous women spun clothes and household linens while virtuous men tilled the soil. Each object—from an Indian basket dating from 1676 to an unfinished stocking of 1837—was specially chosen for its particular ability to flesh out the romanticized notion of “the age of homespun” that Horace Bushnell coined during the centennial celebration...

Author: By Frankie J. Petrosino, CRIMSON STAFF WRITER | Title: "Homespun" Success | 12/7/2001 | See Source »

Sacks grew up in an affluent Jewish household in London during the World War II—a story in itself—but was sent away to a country boarding school during the peak of the war to avoid the dangers of wartime. Psychologically abused by his headmaster, far from the comforts of home and the love of a fascinating, scientifically-inclined extended family that included doctors, mathematicians, chemists and mining consultants, Sacks sought a sense of security the only way he could—through scientific experimentation...

Author: By Thalia S. Field, P. PATTY Li, Frankie J. Petrosino, and Stacy A. Porter, CRIMSON STAFF WRITERSS | Title: New Books | 12/7/2001 | See Source »

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