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...also realize that part of what got us here was overspending, and that that overspending was fostered by a shopping culture that uses cheap goods to hook people on feeling like they're winning at something. As a country, we held nearly $1 trillion in credit-card debt this time last year-about the same as the value of all the goods and services produced in South Korea annually. We've bought so much stuff that we've struggled to find places to fit it all. The U.S. went from having 300 million square feet of self-storage space...

Author: /time Magazine | Title: Why Big Shopping Bargains Are Bad News For America | 11/27/2009 | See Source »

...lure of cheap goods, though, is incredibly strong, even once we've reached the point of substantial creature comfort. In her book Cheap: The High Cost of Discount Culture, writer Ellen Ruppel Shell devotes the better part of two chapters to how inexpensive goods mess with our minds. She describes one experiment in which researchers used brain scans to show that the joy of a discounted item comes before it's bought; by the time a person is at home with his new thing, the luster is gone. On Black Friday, I watched shoppers on TV proudly state how much...

Author: /time Magazine | Title: Why Big Shopping Bargains Are Bad News For America | 11/27/2009 | See Source »

...next day (once the L-DOPA had cleared from the body), all the participants were brought back and presented with 40 pairs of vacation spots, each pair containing locations to which they had given equal ratings in the first part of the experiment. Participants were asked to pick which of each pair of places they would prefer to visit. It turned out that those who had imagined themselves vacationing the previous day under the influence of dopamine were significantly more likely to predict they'd be happier in those same spots. That same preference didn't occur in the placebo...

Author: /time Magazine | Title: Can Dopamine Make Your Future Look Brighter? | 11/27/2009 | See Source »

Quince Mil is doing its part to get ready. The number of boarding houses - mainly rooms crafted of plywood and plastic sheets - has jumped from two to more than 30 and the residents say there has been an explosion in restaurants, bars and small shops as folks get ready for the highway, instead of dirt road, traffic. The population has more than doubled since the last census in 2007, when there were fewer than 1,000 people in the town...

Author: /time Magazine | Title: How a Little Town in Peru Is Becoming a Hotspot | 11/26/2009 | See Source »

TIME: You're saying there have been mistakes. Zuma: That's part of the reality we have to look at. It's 15 years into our democracy, and you cannot still say after 15 years, after 20 years, that you are not able to do X, Y and Z. At this point in time, we have to do something extraordinary to make sure we are able to continue to move forward. Admitting your mistakes is also because I believe that honesty is important in politics. You lose nothing by admitting to where there have been weaknesses. When you recognize that...

Author: /time Magazine | Title: Jacob Zuma: 'We Have to do Things Differently' | 11/26/2009 | See Source »

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