Word: careful
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...data is based on a nationwide survey of 1,500 shoppers. The improvement in consumer sentiment extends to more than just food. In May 2008, for example, 50% of shoppers said they were spending less on skin-care products. This past April, 38% were cutting back. People are also cutting back less on over-the- counter medication and clothes, which is particularly good news for the many apparel retailers that have been battered by the recession. Of the 13 remaining categories that WSL Strategic Retail tracked, not one showed a significant increase in the percentage of consumers cutting back...
High infant mortality, low life expectancy, soaring health-care costs - the symptoms are numerous and the diagnosis unmistakable: America's health-care system is ailing. But like a patient who coughs or limps his way through an illness, the U.S. has often been reluctant to look for help...
That's changing. The Obama Administration promises to offer universal coverage, introduce electronic records and wrestle health-care costs under control - in short, at least part of the health-care revolution that many Americans have advocated for years. (See pictures of the world reacting to Obama's election...
...Meanwhile, many union members fear this is only the beginning of the cuts that will be imposed on retirees, who were once promised health-care benefits for life. "This is very, very painful for the union," says Harley Shaiken, a labor expert from the University of California, Berkeley. "It's a huge risk because the VEBA could run out of money if these companies don't do well," he said...
...This wouldn't even be an issue at a nonunion company, because retirees wouldn't have health care," says Van Conway, a Detroit-based corporate turnaround specialist...