Word: household
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...most basic level, the surplus matters because anyone who has ever tried to run a household or a small business understands the core issue: being disciplined enough to keep spending in line with income. "I run a business on a budget," says Jay Fox, 42, executive director of the Arkansas State Golf Association. "If our surplus was disappearing, it would be of concern...
...everything to do with the Internet, both businesses and consumers decided they had all the gizmos they needed. That left companies with massive amounts of inventory on their shelves. The downturn then began to spread to the rest of the manufacturing segment, such as autos. High levels of household debt--all those credit cards and home-equity loans--don't help...
...including a failed P.R.C. attempt to invade Taiwan. But he bases his central prediction on a WTO provision: two years after China's accession, foreign banks will be able to conduct business in the local currency with domestic corporate customers. Three years later, hundreds of millions of Chinese with household deposits already totaling close to $800 billion will also be able to choose between a Chinese and a foreign bank. But the Chinese banks that now hold this money have been lending it, on Beijing's instructions, to largely moribund state-owned enterprises. Despite intensive propaganda to the contrary, efforts...
TEST THE WATERS Katherine Crowley, a New York City psychotherapist and co-owner of Small Business Strategy, a consultancy, suggests that couples who are thinking of going into a business in which the wife is the boss might first try putting her in charge of a shared household project like painting a room or organizing closets. Taking on a business-related project together before making it an official work relationship can also be instructive. Each partner will see how the other works, and can judge whether their differences are tolerable...
...vestiges of Mongol influence, 11-year-old Ma gained the attention of a conquering general. He was taken back to Nanjing, where he became a page to a young prince, known as Zhu Di. He was castrated and destined for a life serving with other eunuchs in the imperial household, guarding the harem and offering wisdom to the dynastic clan. Somehow the prince and the castrate became friends and when Zhu Di launched a coup d'Etat in 1402, Ma was at his side. The prince, who became the Yongle Emperor, awarded Ma an honorific surname Zheng and made...