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...According to Cambridge Energy Research Associates, our monthly expenses on gasoline amounted, on average, to only 3.8% of total household budget in 2006. Yet amid all the confusing data on the state of the U.S. economy, what we spend at the local service station is the most tangible way for consumers to measure the value of their dollar...

Author: /time Magazine | Title: The Prius-Hummer Phenomenon | 4/12/2007 | See Source »

...NumbersART 9.2 million Amount paid at auction for Put Down Your Whip, a 1939 oil painting by Xu Beihong-the most ever for a painting by a Chinese artist $190 million Total sales of Asian contemporary art by auction houses Christie's and Sotheby's last year, up from $22 million...

Author: /time Magazine | Title: Verbatim | 4/12/2007 | See Source »

...shame not to head back to the Press Room for its superior seafood platters and steaks. I was just able to tear myself away for the latter, but afterwards worked through two cheeseboards that Siegel had thoughtfully prepared, plus the two half-glasses of wine that were the sum total of drink I had that evening. And I really mean two half-glasses. When I said I was going to be bad, I didn't mean completely insane...

Author: /time Magazine | Title: Going All The Whey | 4/12/2007 | See Source »

...drugs and weapons," says the snakehead, who does not accompany his clients on their journey. "Now they're for Chinese people, too." On average, the snakehead can sneak three people through the Czech Republic a month, but he says a network of traffickers from Sanming brings in a total of 1,400 Fujianese a year, in addition to 600 others from Zhejiang, another coastal Chinese province. "It's a good business, more lucrative than textiles," he says. "But if the people get caught, then I lose all the money I paid in advance...

Author: /time Magazine | Title: Dreams of Leaving | 4/12/2007 | See Source »

...seamstresses in this new generation are less likely to have learned at their mother's foot pedal, they are looking for guidance. Stewart launched Blueprint magazine last year for them. The women's lifestyle magazine will publish six issues in 2007, up from two in 2006, and reaches a total audience of 250,000. While the flagship Martha Stewart Living magazine features sewing projects for the home, Blueprint is targeted at a younger audience. Fashion editor Katie Hatch's frequently innovative projects, from a swirling microsuede skirt to lace appliqués on a plain, white button-down shirt, are featured...

Author: /time Magazine | Title: On the Road with Martha Stewart | 4/12/2007 | See Source »

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