Word: americanizers
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...consumers in the late '50s, folk music was the Kingston Trio, with their frat-boy élan and their repertoire purloined from Seeger and other traditionalists. Then one man suggested that the genre could be bigger. "The American public is like Sleeping Beauty, waiting to be kissed awake by the prince of folk music," said Albert Grossman, a Chicago entrepreneur, at the first Newport Folk Festival, in 1959. Bob Dylan, whose manager Grossman became in 1962, may have been that prince, but the raspy-voiced kid needed troubadours to sell his message to the masses. Grossman had seen Travers perform...
...surprisingly, many recent converts to luxury shopping quickly reversed course and went downscale. But what caught retailers off guard was that long-time luxury shoppers grew more frugal, too. The widely publicized bailout of Bear Stearns, the takeout of cash-strapped Merrill Lynch, the government rescue of American International Group, the collapse of Lehman Brothers and the meltdown in the credit markets - all served to rattle the upscale crowd, as many work in the financial industry. Fashionable free-spenders morphed into penny savers...
...paid the same low credit- and debit-card swipe fees as consumers in Australia pay, then the net benefit for American consumers would have totaled $125 billion over the last four years," the report says...
However, Piper Jaffray analyst Robert Napoli says it's merchants - not consumers - who will benefit from lower fees. "To suggest that American consumers could have saved $125 billion is very misleading," he says. "Interchange fees are paid by the merchant, and there have been studies done in Australia that said that consumers have not saved a penny by lowering interchange rates - that the merchants have not reduced prices...
...paper, published this week in the open-access journal BMC Public Health, not only confirms that acne goes hand in hand with depression and anxiety but further suggests that teens' mental distress may in fact be worsening the condition of their skin. (See pictures of a diverse group of American teens...