Word: household
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...Even if the big euro-zone motors of France and Germany manage to continue growing along with smaller economies like Greece and Portugal, Moec warns that broader European recovery will be a sluggish affair. Countries like the U.K., Spain, and Ireland - which each suffer from some combination of excessive household debt and structural over-reliance on real estate and financial industries - risk taking far longer to remedy their economic ailments, which would slow a regional rebound. Ditto Italy, whose consistent under-performance is rooted in competitive weaknesses that couldn't be cured even during good times. (Read: "In Hard Times...
More important than absolute prices, though, is how they relate to what people earn. To gauge housing affordability, the data shop Fiserv compares the cost of houses with household income. By that count, homes nationwide at the end of March were only 7% more expensive than they were in 2000, before the bubble. In some markets - including Phoenix, Atlanta, Las Vegas and San Jose, Calif. - they were actually cheaper. In a way that they haven't in a very long time, home prices are starting to make economic sense...
...wasn't even retail in the 19th or early 20th century. The banks that were capable of doing the most lending to individuals didn't actually do it. We had to wait until Bank of America, for instance, got into business and a lot of the companies like Household Finance that started making consumer loans for this thing to actually warm...
While Seoul's project may help women "worry less about harassment or violence," Chang says, "the question remains about how to share the household chores and responsibilities" so that women can more freely enter - and stay - in the labor market. Eunyoung Cho, a 25-year-old who will be leaving Seoul this fall to pursue a degree in economics at the University of California, Davis, also questions its efficacy, saying the project seems more political than personal. "The policies make the citizens feel that their mayor is doing something, but they do not feel the changes in their lives...
...Chrysler may be on their last legs - but small, visionary startup companies like Aptera Motors, Fisker Automotive, Tesla Motors and Bright Automotive are starting to sell their cool, cutting-edge, battery-powered cars, and a decade from now any one of them might be the household name that epitomizes our 21st century industrial rebirth. (I just drove in an Aptera. It looks like an awesome Jetsons vehicle, plugs into the wall, drives like a dream, goes 100 miles on a charge, costs under $30,000 - and I want...