Word: auto
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That vanity trick has paid off for auto manufacturers, who are finding that these sports-utility vehicles, which typically cost between $20,000 and $30,000 and can come loaded with leather upholstery, cup holders and cellular phones, have replaced luxury cars like the Lexus as the baby boomer's favorite way to tool around the neighborhood. Detroit is rushing out increasingly pricey models, and foreign luxury-car makers are jumping in too. Just last week Chrysler confirmed plans for a large upscale sports vehicle that may sell for as much as $40,000 when the first one arrives...
...auto racing, they plaster the cars with brand names and turn them into speeding billboards, but if companies get football teams, the fans will see 22 rampaging advertisements on every play. This will take the game back to its roots in the 1920s, when we had the Decatur Staleys, owned by Staley's starch company, which later became the Chicago Bears. There was the Oorang Indians, Jim Thorpe's team named for the Oorang Airedale Kennels. In Japan today there are many corporate teams, including the Nippon Ham Fighters, owned by a pork producer, but that's baseball. Back...
...nearly 200% since 1986, in contrast to a 17% rise in the number of check and cash transactions. And the volume of household bills paid through automated systems such as ScanFone and Checkfree Corp. has doubled since 1991, to 800 million last year; 20% of utility bills, 16% of auto loans and 17% of mortgage installments are now paid electronically...
Simmons agrees, recommending the use of"auto-save" features available on many programs tosignal "stop and rest...
...that too much of the recent economic growth has been fueled by cheap credit. Unable to stretch stagnant earnings far enough to buy the things they wanted, many consumers turned to borrowing or dug into savings. Mark Zandi of Regional Financial Associates, an economic forecasting firm, figures credit-card, auto and personal loans outstanding rose 7% by the end of February over a year earlier, while the personal-savings rate over the three months ending in February, averaged a fat, round zero. Consumers caught between slowly rising incomes and more burdensome debt and fewer savings do not just feel pinched...