Word: households
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...victim of '90s color schemes, but she continues to craft her own fashions. She has recently taken to purchasing vintage skirts from thrift stores and embellishing them with images she has either photographed or created on her computer. She prints them on transfer paper and, with a household iron, customizes the skirts by applying the images to the fabric. "I love the creativity without the pressure of worrying about what's in style," she marvels. "I'm my own arbiter of what's fashionable...
Statistics tell us it's a golden time in Australia: sustained economic growth, lots of jobs, growing household incomes. The thousands of Australians struggling on low wages might tell a different story, but they don't often get the chance to do so. Thank goodness, then, for Elisabeth Wynhausen, who decided the best way to listen to the poor was to struggle and sweat alongside them. For her book Dirt Cheap: Life at the Wrong End of the Job Market (Macmillan; 246 pages), she shed her identity as a senior newspaper journalist and took up residence in a world most...
...DeLay was viewed positively by 17%, 21% neutral and 20% negative. DeLay, while holding major sway in the Republican Party, remains at most the fourth most important Republican in Washington after President Bush, House Speaker Dennis Hastert and Senate Leader Bill Frist. Hastert, of course, isn't a household name either; in a CNN/USA Today/Gallup Poll, 25% had never heard of him and 31% had no opinion...
...deficits as "posing a significant risk for global financial stability." Europe, by contrast, continues to run a relatively tight fiscal policy. Until the Federal Reserve's most recent increases, European interest rates have also tended to be higher than those in the U.S., and unlike spend-happy Americans, European households stash away substantial amounts. In the euro zone, about 14% of household income is saved, compared with less than...
...jigsaw is never complete," says the RBA chief. What's new, however, is that the risk of error - doing too little or too much, acting too late or too soon - is now greater. Monetary policy is such a potent tool these days because of the record level of household debt and the cost to service it: $1 out of every $10.75 in disposable income is eaten up by interest payments. That's higher than in the late '80s when home mortgage rates were 17%, compared to around 7% nowadays. If rates rise, it doesn't necessarily mean that people will...