Word: households
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...even clear the program is needed. Yes, banks and other lenders do appear to be stuck with loans they don't want, some of which will go bad, but so far it doesn't seem like they are pulling back credit from consumers. According to Synovate, the average household had a combined credit limit on all the plastic in their wallet of $27,626, up from $26,902 a year ago. Auto loans are down, but not in a big way, and not nearly as much as you would expect in a bad economy...
...American musicals these days, the path to success falls into one of three categories: camp (Hairspray), hip (Spring Awakening) or kid-friendly (Wicked). Billy Elliot takes the old-fashioned route and makes an honest, emotional connection. Billy's motherless household is a grubby, oppressive place, and when his father and brother join their fellow miners in walking off the job, it becomes a tension-filled one. The story unfolds at a carefully unhurried pace: after a disastrous boxing lesson, Billy accidentally finds himself in a girls' ballet class. The teacher recognizes his talent, begins tutoring him in private and persuades...
...newly deregulated American economy, fewer people had job security or fixed-benefit pensions or reliable health care. Some got rich, but a lot went bankrupt, mostly because of health-care costs. As Yale University political scientist Jacob Hacker has noted, Americans today experience far-more-violent swings in household income than did their parents a generation ago. (See pictures of the 1958 recession...
...details of exactly when and where the money will be spent were not revealed, Sunday's announcement did make it clear that the government not only aims to boost its spending on infrastructure and projects but also seeks to get notoriously savings-obsessed Chinese consumers - who boast the highest household-savings rate in the world - to do more spending of their own. The package proposes to do this by, among other things, cutting taxes and abolishing existing limits on commercial banks' credit-lending. The plan also advances the government's oft stated desire to improve living conditions in the countryside...
...Tokyo's own Fifth Avenue, some 3000 shoppers lined up for first dibs on the brand's affordable fashion, amidst falling luxury sales on the same street. As Japan's recessionary economy and the appreciation of the yen left other businesses in Japan to watch purse strings tighten and household consumption drop, people continued to wait outside H&M day after day. "I'm totally fascinated by the queuing," says Jorgen Andersson, H&M's Brand and New Business Director. "I think it's the first impression. The challenge is to deliver once the honeymoon is over." Japan country manager...