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...states with budgets still on track include Alaska, Arkansas, Montana, North Dakota, Oklahoma, Texas and West Virginia. Many of those states have economies tied to energy or agriculture - two sectors that held up better than most for longer but have been showing weakness this year as the price of commodities has plummeted. State finances tend to lag the national economy, so strength so far is no guarantee things will stay rosy. Of legislative fiscal officers surveyed, including one in Puerto Rico, 26 were pessimistic about the revenue outlook through next summer; last year at this time, none were...

Author: /time Magazine | Title: States' Financial Outlook: Getting Worse Fast | 12/5/2008 | See Source »

...trucks, a process that is time consuming and expensive. The Sachdevs pay less than 2¢ per 26 gal. of water; the poor might pay that for a single quart from a private truck or even more for bottled water. "The rich end up paying just a fraction of the price to water their lawn than the poor do just to stay alive," says William Fellows, the regional water, sanitation and health adviser for UNICEF/South Asia. Worse, waste of the little water that is available is rampant. New Delhi loses as much as 50% of its water through leakage and other...

Author: /time Magazine | Title: Dying for A Drink | 12/4/2008 | See Source »

...deeper. New Delhi groundwater levels have declined 15% to 20% over the past several years. With almost no connection between the amount of water used and its cost, there is little incentive for rural farmers to stop drilling wells or for urban residents to conserve. "The price of water is a very important mechanism," says Ahmad...

Author: /time Magazine | Title: Dying for A Drink | 12/4/2008 | See Source »

...parched Las Vegas, Mulroy knows price is one of the best tools at her disposal to control the city's growing thirst. In the spring, officials approved a staggered rate hike that increased prices for low-volume users 17% and for the highest-volume users more than 30%. The city has also unleashed its water cops--officials like Dennis Walker who ride around sprawling new housing developments looking for violations of outdoor-water-use laws. Sprinklers are illegal during the daylight hours, and homeowners have to use a misting system rather than simply hose down the grass. Through ignorance...

Author: /time Magazine | Title: Dying for A Drink | 12/4/2008 | See Source »

...homicidal mania of the Wal-Mart shoppers in question to “a sort of fear and panic of not having enough.†How far are we willing to let this acquisitive lust take us? Damour’s death is emblematic of the invisible price tag of the consumerism in which we so readily and thoughtlessly participate...

Author: By Sabrina G. Lee | Title: The Casualties of Consumerism | 12/4/2008 | See Source »

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