Word: cashes
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Dates: during 2000-2009
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Observers say Build America Bonds have lowered borrowing costs for states and other local governments. The bonds have renewed and expanded investor interest in the muni-bond sector. And by getting money into the hands of cash-strapped local governments, the bond program has saved or even boosted jobs, stimulating the economy. Many investors are already lobbying to extend the program, which is not expected to close until...
...trumpet how their more manageable inventory levels and smaller staffs will help control costs. But such cuts could backfire against them. Over 41% of shoppers, as opposed to 21% in 2008, say they will leave stores that are short-handed or have long lines at the register. If cash-strapped customers already feel a little guilty about shopping to begin with, they'll look for any excuse to head home. (See the top 10 Black Friday gifts...
...major cities are rising out of the reach of the average Chinese. Not only could that cause social discontent, it may also dampen consumption - which China's policymakers desperately need to increase. If families need to allocate more and more of their income to housing, that drains away the cash that's available to buy other consumer goods. (See pictures of the best-selling cars in China...
...build hospitals and clinics to extend healthcare to 90% of the population. Along with these very long-term efforts to boost consumer confidence, the government has also implemented short-term measures to spur on spending. Car sales this year have been boosted by tax breaks and China's own "cash-for-clunkers" program. Xu Zhanrong's Wuling minivan sales have been helped along by a special 10% rebate offered on certain vehicles to residents of rural areas, who make up a majority of Xu's customers. (See TIME's photoessay "China Rebuilds.") (See TIME's photoessay "China's Electronic Waste...
...political economy at the MIT Sloan School of Management, says that the government needs to do much more to accelerate the income growth of poor Chinese if consumer spending is to play a bigger role in the economy. The average Chinese, he says, doesn't have as much cash to spend as many people think. Actual household income per capita is only about half of GDP per capita, compared to 80% or more in other major economies, placing "a cap," Huang says, on consumer spending. The problem is that income growth among rural dwellers and migrant workers badly trails that...