Word: households
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Sick of high household bills? Shopping maven Stephanie Nelson, founder of the popular website couponmom.com has developed a method that she promises will slash your food and drugstore costs. She describes her techniques in her new book, The Coupon Mom's Guide to Cutting Your Grocery Bills in Half (Avery). TIME senior reporter Andrea Sachs visited with the thrifty author, who lives in Atlanta, Ga., during Nelson's recent visit to pricey New York City...
Across the highway from the towering and luxurious Hilton Hotel is one of the smartest neighborhoods in the Nigerian capital of Abuja. There, on Asa Street, is the residence of Alhaji Umar Mutallab, a household name in Nigeria and the former chief of the United Bank for Africa and the First Bank of Nigeria, two of the country's largest financial institutions. In the past few days, however, he has become better known around the world as the father of Umar Farouk Abdulmutallab, the young man accused of trying to blow up Northwest/Delta Flight 253 over Detroit on Christmas...
...Mondragon model for a consortium of businesses that will provide needed services and bolster an impoverished community. Evergreen Cooperative Laundry, a state-of-the-art commercial launderer designed to be LEED silver-certified, opened for business this fall in Cleveland's University Circle, an area where the average annual household income is $18,500. Rather than just bringing home wages, its eight employees will gain equity through "patronage accounts," a portion of earnings put aside to both build personal assets and reinvest in the company...
...emphasis on GDP growth misleading? RW: Increases in income and economic growth are important in poorer countries where food, shelter and clean water are important. But when it's a matter of getting more cars per household or higher-quality electronics, it doesn't translate to well-being...
Each month, interviewers contact 60,000 households - most by phone, some in person - and ask about the employment status of household members age 16 and over. Those who don't have jobs but have looked in the past four weeks are classified as unemployed. After some statistical adjustments to extrapolate the data from those 60,000 households to the total U.S. population, the number of unemployed is divided by the size of the labor force (employed plus unemployed), and there's your rate. Measured that way, unemployment still isn't as bad as it was at the lowest point...