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This activity has been increasingly fueled by debt. In 1983 household debt equaled 55% of income in the U.S.; now it's above 114% (and above 136% of after-tax disposable income). The middle class--households earning roughly between $20,000 and $100,000 annually--had a debt-to-income ratio of 141% in 2004, according to New York University (NYU) economist Edward Wolff. And he figures it's even higher today. In the third quarter of 2005, the national savings rate (personal income minus spending) went negative for the first time since the Great Depression, and it has bounced...

Author: /time Magazine | Title: Bracing for a Recession | 11/29/2007 | See Source »

This year’s report uses national household surveys, which are believed to be more representative of the prevalence of HIV. Under the new method, the number of HIV victims in India dropped by more than half, to 2.5 million...

Author: By and Yiming He, CONTRIBUTING WRITERS | Title: U.N. Revises HIV Prevalence Estimates | 11/26/2007 | See Source »

Recently I have spent considerable time considering my environmental failings, if not actually doing much about them. Like the average American household, we own two cars. Between my husband and me, we drive 13,000 miles (21,000 km) a year, making our country 520 gal. (2,000 L) of gas more dependent on foreign suppliers. The thermostat in our 2,200-sq.-ft. (200 sq m) house is set at 70°F (21°C). It takes 6,960 kW-h a year to power our computers, halogen lights and plasma TV. My child went through an industry-calculated average...

Author: /time Magazine | Title: It's Inconvenient Being Green | 11/21/2007 | See Source »

...simple piece of rope hangs between some environmentally friendly Americans and their neighbors. On one side stand those who have begun to see clothes dryers as wasteful consumers of energy (up to 6% of total electricity) and powerful emitters of carbon dioxide (up to a ton of CO2 per household every year). As an alternative, they are turning to clotheslines as part of what Alexander Lee, founder of the advocacy group Project Laundry List, calls "what-I-can-do environmentalism...

Author: /time Magazine | Title: Fighting for the Right to Dry | 11/21/2007 | See Source »

...biggest moves Barnett has made at Shaklee is completely redesigning all his products' packaging, which has transformed the household-cleaning line from something you'd expect to find at Grandma's to something many young hipsters (a market Barnett knows he must attract) would be proud to show on their shelves. Barnett had his San Francisco design firm's team discard two completed designs before deciding on a third, one he felt was the perfect science-meets-nature theme for every Shaklee line. The new dishwasher-powder label shows a stack of plates lined up next to leaf fronds...

Author: /time Magazine | Title: Putting the Green Into Clean | 11/19/2007 | See Source »

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