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...review of such studies published on Monday, Aug. 31, in the Canadian Medical Association Journal, Stephen Bezruchka of The University of Washington School of Public Health suggests the results could be explained by declines in smoking, excessive alcohol consumption and overeating during recessions as people look for ways to save money. What's more, he writes, people have more time for friends and family during times of higher unemployment. (See pictures of TIME's Wall Street covers...
...Moreover, as Japanese must rely on private savings as their biggest cushion when times are tough, they tend to save more than they would otherwise. Even workers eligible to receive government benefits cannot rely on the public pension system for adequate retirement funding. In short, this thin social safety net perpetuates the population decline and prevents private consumption from rising to offset the shrinking number of consumers. You can't expect the population and the economy to grow by guaranteeing survival to only the oldest workers and businesses while subjecting everyone else to market forces...
...Block Re your cover story, "Can China Save the World?" [Aug. 10]: Throughout years of turmoil and political instability, the Chinese have often suffered the prejudice and discrimination of Westerners. However, in recent times, China has opened up, transforming an impoverished country into a miracle of history. With a booming economy, a huge population, remarkably high economic growth and with more affluent Chinese willing to spend big bucks on luxury goods, no wonder investors from everywhere are pouring much of their resources into the Chinese market and trying hard to woo many Chinese consumers and companies to their own homelands...
...These nations must take active steps toward reducing the effects of their commendable growth within the next 20 years or so. What's the point in getting rich if there is no world left to sustain your life, let alone enjoying your new gains? Yes, China can indeed help save the world: by not walking the same mistaken path that the supposed First World nations have been blindly stumbling along ever since the industrial revolution. Tawit Chitsomboon, Nakornratchasima, Thailand...
...more conventional car, the only sound is the hiss of the rain outside and something like an accelerating yawn from the electric motor. Czinger is showing off his company's battery-powered car, the Coda Automotive sedan, which emerged in public this June. As one more car to save the planet, the Coda is nice enough. It gets around 100 miles per charge, handles well and - unlike many of its competitors - actually exists in drivable form and not just in a press release. But what really sets the Santa Monica company apart from its fellow dreamers, and what might make...