Word: households
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...though hopefully your house's value rises faster) mortgages are on the rise. Such loans can pay off--if you sell within a few years at a profit. But if interest rates rise and home values stall or--gasp!fall, those borrowers may become overwhelmed by steadily rising payments. (Household monthly debt costs are already at an all-time high.) Even the bullish Lereah is concerned about the loose lending practices. Such trouble would have repercussions for the whole economy. If enough homeowners become swamped by their debts and have to sell, prices would drop, creating a reverse wealth effect...
Take Sam Stoloff, a literary agent, who is the primary cook in his two-income, two-commute, three-child household, a job that grew weightier a few years ago when his family moved from Manhattan--where takeout was an easy option--to South Orange, N.J. Stoloff has been cooking his way through Jean-Georges: Cooking at Home with a Four-Star Chef. On his lunch break he scours New York City for ingredients like the smoked paprika needed for a chickpea dish he recently made. Stoloff's strategy is to stock a great pantry--with items like homemade salsas...
...course, men taking over the kitchen from officebound wives is not entirely new. Martin Ginsburg, husband of Supreme Court Justice Ruth Bader Ginsburg, has been the main cook in his household for nearly 50 years--ever since he took a bite of Ruth Bader's tuna casserole ("as close to inedible as food could be"). Their daughter Jane agreed with this assessment at an early age, he recalls, and mounted "a campaign to exclude Mommy from the kitchen, which Mommy fully supported." Upon Mommy's nomination to the bench, Jane remarked that she grew up "in a home with...
...billion Annual household income lost in the U.S. due to attention-deficit/hyperactivity disorder (ADHD), according to a Harvard study...
...Fortune at the Bottom of the Pyramid. "The moment you create the opportunity for them to consume, you create the world's largest markets." That's a message that until recently only a few companies had received. The Anglo-Dutch firm Unilever, for example, has been successfully selling household products in developing countries for more than a decade. Unilever's Vietnam subsidiary alone saw sales rise 23% last year to more than $300 million because of aggressive efforts to reach remote parts of the country through an extensive network of more than 100,000 independent sales representatives such...