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Boyce and Moore found that an individual's rank, viewed this way, was a stronger predictor of happiness than absolute wealth. The higher a person ranked within his age group or neighborhood, the more status he had and the happier he was regardless of how much he made in dollars (or, in the study's case, pounds). "What we're trying to do is understand and explain why, over 30 to 40 years, the large economic growth we have experienced hasn't made us any happier," says Boyce. "If absolute income matters, as we increased our income, everybody should...

Author: /time Magazine | Title: Study: Money Isn't Everything — But Status Is! | 3/23/2010 | See Source »

...decade, as the real estate boom drove New York housing prices higher and higher, there seemed to be no land in the city that couldn't somehow be salvaged. The city joined local activists to zero in on the Gowanus Canal, hoping it could become the anchor for a neighborhood renewal. Several developers announced plans to construct new apartments; Whole Foods, a harbinger of upward mobility, purchased a nearby parcel. In recent years, sightings of jellyfish, cormorants, bass and even a harp seal were celebrated as signs that the canal had a bright future. Some adventurous souls, seeking to highlight...

Author: /time Magazine | Title: Postcard from Brooklyn | 3/22/2010 | See Source »

...wetlands in the 1860s, oil refineries, tanneries and chemical plants moved in and spewed noxious waste into the canal, where it mixed with raw sewage. Before long, Gowanus was a cesspool. Today the surface can appear brown, green, black and sometimes purple, earning the canal the moniker Lavender Lake. Neighborhood residents whisper that the bottom is littered with bodies dumped there by the Mafia. (See pictures of New York City...

Author: /time Magazine | Title: Postcard from Brooklyn | 3/22/2010 | See Source »

...cold, drizzly day, Kitaro Matsumoto, a 27-year-old Table-Mono vendor, pulls his cart down a side street in the riverside Kachidoki neighborhood. He wears a blue bandana, a yellow slicker and purple pants and he toots a plastic gold trumpet...

Author: /time Magazine | Title: Postcard from Tokyo: The Street Vendors are Back! | 3/21/2010 | See Source »

...Sadly, that's not the case for an aging sweet-potato vendor in the residential Ushigome neighborhood later that night. Wanting to remain anonymous, the seller does not give his name, but says he works 12 hours a day, seven days a week and barely makes enough to cover the costs of equipment rental and fuel. "It's a hard life," he says, and climbs back into his truck. He inches up the alleyway, passing a pair of glowing vending machines. The prerecorded sweet-potato song streams into a chilly night sky: "Yakiimo, yakiimo, hokka hoka no yakitate" (Sweet potatoes...

Author: /time Magazine | Title: Postcard from Tokyo: The Street Vendors are Back! | 3/21/2010 | See Source »

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