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"Automatically detecting problems like a water leak or flood and shutting off the main water valve to the house to prevent a disaster, turning off lights automatically based on ambient lighting, time of day and room occupancy in order to save energy … Smart Homes adapt to the rhythm of the household, save money, and increase peace of mind," he said.
In one of the first "recycling" events I ever knew of he had each household save beer and whiskey bottles as well as stubbed cigarette butts in a galvanized trash can just for the purpose.
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The average household saved $232.
Anglo-Saxon countries America, Canada, Britain, Australia and New Zealand have the lowest rates of household saving.
Household saving cannot keep on falling, and America's foreign borrowing cannot keep on rising.
When companies begin to borrow again, interest rates will rise, possibly boosting household saving.
But what caught the eye were new figures for household saving.
Household saving rates in many OECD countries have fallen sharply in recent years.
For instance, the fall in borrowing by firms in the recent past has helped to push down interest rates; lower interest income has then reduced household saving.
But in America, the dramatic shift from budget surplus to deficit since 2001 has amplified the effect of falling household saving.
A large reduction in the government's budget deficit, from 8% of GDP in 2003 to 2% in 2007, also offset lower household saving.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com