Word: households
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...Paul Krugman, the devil’s advocate on the left, tells us that we need more stimulus. Now is exactly the time when we should want to suspend regressive taxes and put money back in the hands of low- and middle-income families to spur household consumption. While economists can argue about the relative effectiveness of government spending as opposed to tax cuts in stimulating the economy (Krugman would presumably find a reason not to like this idea), who can deny that there would be a positive jolt to consumer spending from something as dramatic as a complete suspension...
...indication of what the city's people will preserve when so many of the larger conservation battles have been lost. Great Victorian edifices have been torn down and entire districts razed; in their place we have touching displays of children's toys, old phones and cameras, food and household-goods packaging, and a wall of old letterboxes. "It is ironic that disposable items are being kept in a museum," says Young, who argues that the products embody Hong Kong's historical can-do spirit and resourcefulness. "They should not be thrown away just because their function has expired." For information...
...depend on it. We need to spend more money now to avert a short-term depression, then save more money later to secure our long-term economic future. We need to consume less energy in order to reduce our oil imports and carbon emissions as well as our household expenses. We need to quit smoking, lay off the Twinkies and avoid other risky behaviors that both damage our personal health and boost the costs of care that are ravaging the nation's fiscal health. Basically, we need to make better choices - about mortgages and credit cards, insurance and retirement plans...
...Peranakan Museum, www.peranakanmuseum.sg, located within walking distance of the Singapore River and the pubs and restaurants of Boat Quay. The museum itself - painted in the sun-splashed pastels that have seeped into Peranakan fabrics, craftwork and confectionery - is an airy delight, and its vivid recreations of Peranakan household life a pleasure to explore...
...what was happening for years, for decades, but we ignored it or shrugged it off, preferring to imagine that we weren't really headed over the falls. The U.S. auto industry has been in deep trouble for more than a quarter-century. The median household income has been steadily declining this century ... but, but, but our houses and our 401(k)s were ballooning in value, right? Even smart, proudly rational people engaged in magical thinking, acting as if the new power of the Internet and its New Economy would miraculously make everything copacetic again. We all clapped our hands...