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...colleague Reuven Glick ran a simulation of what would happen if U.S. consumers followed a path similar to that of Japanese businesses in the 1990s. That was another episode of a great debt dump following a stock-and-real-estate bubble - it's one of the examples economists often turn to in trying to understand what's going on now. Lansing and Glick figured that for U.S. households to resume a debt-to-income ratio of 100% over the next decade, the savings rate would have to nearly double, from its already elevated...

Author: /time Magazine | Title: A Drag on the Economic Rebound: Consumer Spending | 6/10/2009 | See Source »

...into my research, I saw that those who were really effective made use of not just a "to-do" list but a "stop-doing" list. I set up a time almost every day where I turn off my cell phone and do not get on [the Internet]. It's a pocket of quietude. I also leave white space on my calendar, roughly three days every two weeks. Nothing can be scheduled during white-space time. I try to create bubbles of tranquil time for hard thinking. It can also be a day where...

Author: /time Magazine | Title: Jim Collins: How Mighty Companies Fall | 6/10/2009 | See Source »

...will reduce the cost of the i-MiEV by 30% to $33,100. That should help Mitsubishi meet its production targets of 2,000 i-MiEVs in the next 12 months, 6,000 in the second year of production and 15,000 the following year. Mitsubishi says it can turn a profit on electric cars when it reaches an annual production volume of 30,000 a year...

Author: /time Magazine | Title: In Japan, Testing the Market for All-Electric Cars | 6/9/2009 | See Source »

...people showed up. The state's population has doubled since then, so no one is expecting turnout that low. But when victory could mean an extra 20,000 votes, McAuliffe's and Moran's much larger GOTV machines could prove decisive - especially if they can turn out black voters who accounted for more than 30% of the vote in the 2008 presidential primary. McAuliffe in particular has made a push for black voters, focusing on issues like cracking down on predatory payday lending and aggressively pursuing endorsements from the state's civil rights leaders. While Deeds appears to have...

Author: /time Magazine | Title: Will Dems (and McAuliffe) Buck Tradition in Virginia? | 6/9/2009 | See Source »

...School Luxury. The famed Grand Hotel on Michigan's Mackinac Island is a delicious taste of the turn of the century, where guests must still dress for dinner in the dining room. (If the scene looks familiar, you may remember it from the 1980 Jane Seymour-Christopher Reeve film Somewhere in Time, filmed at the hotel.) There are no cars allowed on the island, so you'll have to get around by foot, horse-drawn taxi or bicycle (available for rent at the hotel or on the island starting at $4 per hour; or bring your own on the ferry...

Author: /time Magazine | Title: Quintessential Summer: 8 Outdoor Getaways | 6/9/2009 | See Source »

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