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...cities with the highest proportion of likely spenders include San Francisco, Washington, Seattle, San Diego, Denver, Austin, Salt Lake City, Cincinnati, Norfolk and Jacksonville. The spots with the lowest proportion include Pittsburgh, Nashville, Tampa, St. Louis, Indianapolis, Little Rock, Knoxville, Tulsa, Fresno and Mobile...
...finding has many potential psychological explanations. For example, it could be that individuals are mainly concerned with their relative wealth in comparison to others. If incomes grow consistently across the socioeconomic distribution, then we would not expect to see happiness grow much at all, save for those in the lowest earning bracket. Reinforcing the effect, as individuals gain wealth they often change social groups—and begin interacting with other higher earning individuals. Thus, as we gain wealth, the people we choose to compare ourselves against may also become wealthier, leading to little change in relative position...
...four years I’ve been at Harvard, the Student Labor Action Movement has been one of the least popular groups on campus. To be sure, the group is dedicated to an admirable goal—higher wages for Harvard’s lowest-paid employees. But the dogmatism with which SLAM activists put forward their arguments has turned off many lefties who would otherwise be sympathetic to their cause. After all, SLAM has managed to alienate me, and I spent last summer working at a labor law firm whose head partner supports repealing the Reagan tax cuts...
...France topped the rankings. In 2008, researchers at the London School of Hygiene and Tropical Medicine followed up the WHO study by showing that France is not only a good place to stay healthy, but also a good place to be sick: of 19 industrialized nations, France has the lowest number of "amenable deaths" - fatalities that could have been prevented by good health care. (The U.S. had the highest.) But France is not immune to the challenges of modern health care. Despite massive government spending, its health-care system regularly runs over budget; in 2009 the deficit is expected...
...economic recovery Naimi so optimistically predicts would certainly be vital to oil-producing countries, whose own economies would be imperiled by a drawn-out recession. Oil demand in rich countries has crashed since the onset of the economic crisis last year, and is now at its lowest level since about 1981, according to the Paris-based International Energy Agency. U.S. oil inventories - the stored surplus - this month reached their highest level since the 1980s. And about 2.6 billion barrels are currently stored in commercial tankers around the world. "There is some risk we will run out of storage space...