Word: households
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...simply, China has been investing too much, too fast, particularly in its export-oriented manufacturing sector. The most striking evidence of this is the relatively small role Chinese consumers play in the economy. Household consumption as a percentage of GDP fell to 36% in 2006, perhaps the lowest such ratio in the world. At the other end of the scale is the U.S., with a household consumption-GDP ratio of 72%. For years the U.S. has been consuming too much and saving too little. China has the opposite problem...
...convince more parents that their daughters should take up the profession. Teachers with high school diplomas earn $50 to $75 a month, a tiny return on investment for families whose daughters could be spending those 12 years at home weaving carpets, tending the fields or taking care of the household...
...already, thanks to the collapse of the housing industry. There are trouble signs in just about every economic indicator: tapped-out consumers spending less and unemployment and inflation creeping up. All this is layered on top of worries over rising health-care costs, oil prices that have the typical household spending $1,300 more on gasoline a year than it did five years ago. Then there is the growing realization that globalization has given China and India some control over America's economic destiny, which means the future might feel uncertain even to voters who are doing just fine...
...where he ranked in the top five percent of his class. After school, Romney played the whiz kid at the management-consulting firm, Bain & Company, where he fixed failing companies. Six years later, Bill Bain tapped Romney to lead the private equity firm, Bain Capital. There, Romney helped build household names like Staples, Domino’s Pizza, and the Sports Authority. During his tenure, Romney returned an average annualized return of 113 percent—nothing short of spectacular...
...impossible to know the details of what happened in the diplomat's household. In his letter to De Telegraaf, Poeteray appealed for sympathy and privacy, saying that, despite what has been written in the media, "We are Jade's parents and we feel responsible for her well-being." Sympathy hasn't been forthcoming in the Netherlands, though; the paper accused the family of discarding the child like "a piece of household rubbish...