Word: household
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...season rolled around, however, the film had lost much of its heat. Truman received a handful of nominations, but Linney was denied a nod for her creepy, hilarious turn as Jim Carrey's wife, an overly cheerful actress who periodically turns to hidden cameras in their home to plug household products, and the film itself was absent from the Best Picture category. "You call something the movie of the decade and you're asking for it," says Linney. "There was a backlash, which I don't think this movie will...
...fighting has left Mogadishu in ruins. Gangs steal power lines, telephone cables and streetlights. Like vultures picking at the bones of a dead animal, men have dug up the pipelines at the old oil refinery, carrying them away to sell. Electricity now comes from small generators; water comes from household tanks if you are rich or donkey-drawn carts if you are poor. People survive on money sent by relatives abroad...
That's because an unprecedented 49% of American households today own stocks, either directly or through mutual funds and 401(k) plans, compared with just 4% in 1952. When the market rises, Americans feel wealthy. In 1999, when the Dow gained 25% and the NASDAQ soared 85%, household assets swelled by $5.5 trillion. This "wealth effect" translates into increased spending. The rule of thumb is that for every additional dollar in their portfolios, Americans spend another 3[cents] to 5[cents]. That discretionary income is critical: consumer spending constitutes almost two-thirds of the nation's economic activity...
...market wealth since March won't be easy to get back. The NASDAQ, for example, would have to rise more than 15% a year for five years to return to its high. Meanwhile, consumer debt (excluding mortgages) has doubled over the past decade and averages nearly $15,000 per household. It will take years for borrowers to pay down those debts--and for lenders to deal with defaults...
...another instance, North says, a doctoral student accepted a job as an elf despite the fact that she had "no idea how to boil water, open a bottle of wine, plan for a party, water plants, walk a dog or any other household activity...