Word: shifting
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This is an extremely fashionable topic at the moment. Some cultural observers even think Americans are due for a prolonged shift away from the consumption obsession of the post--World War II era. That strikes me as an iffy bet, but it is clear that the debt-fueled consumer spending binge of the past couple of decades is over. The household debt-to-income percentage more than doubled, from 65% in 1982 to 135% in 2007. That turned out to be way too much for us to handle, and now the leveraging process has gone into reverse. The latest household...
...their reliance on the U.S. The so-called BRIC states--Brazil, Russia, India and China--are forecast to become four of the six biggest economies in the world by 2050. The group, which holds some 40% of the world's gold and hard-currency reserves, has announced plans to shift some out of U.S. dollars. "There can be no successful global currency system," said Medvedev, "if the financial instruments used are denominated in only one currency...
Step 5: Lift your left heel and shift your body weight so that you're now standing on the ball of that foot...
Pagano, a former Marine, is a volunteer chaplain for the Louisville Metro Police Department (where he does not carry a weapon). Taking a break from a shift at the indoor gun range where he works one day a week, Pagano tells TIME that he's an avid sport shooter and a proponent of responsible gun ownership. Despite criticism for commingling guns and religion, he stands by his view that Christians are called on to be prepared to defend themselves and their families. "Pacifism is optional for Christians," says Pagano. "It's not a requirement...
...President Barack Obama appears to recognize the tectonic shift. Part of Washington's $787 billion stimulus spending is meant for green initiatives: $2 billion to support lithium-ion batteries and hybrid electric systems, $800 million for a biomass program, $400 million to add electric technologies to vehicles and $400 million for geothermal technologies. But with public debt now equal to 82% of GDP and the budget deficit forecast to hit $1.4 trillion next year, the U.S. is in no position to spend more...