Word: consumerized
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"Traditional activism revolves around conflict," says Schulkin, 28, a San Francisco-based activist turned entrepreneur. "Boycotting, protesting, lawsuits - it's about going into attack mode," says the former Googler and onetime game developer. "What's unique about a Carrotmob is that there are no enemies." The focus is on positive...
On whether cooking shows will survive the recession: "As the American economy takes a beating, so our food television -a forum that is so closely tied with our consumer behavior - must continue to evolve... The genre has withstood decades of economic highs and lows and will continue to respond in...
As a result, the best-case scenario for an economic recovery is one in which the consumer's share of economic activity shrinks, but gains in other sectors are enough to keep the economy growing at least modestly. In GDP lingo, those other sectors are government-consumption expenditures, gross private...
But it's a complicated equation - in laying off workers by the millions, corporate America may have cut costs and cleared the way for future profits and investment, but it has also reduced the number of consumers able to do any spending. Similarly, the current death throes of the housing...
Which leaves net exports. The last time the U.S. actually exported more goods and services than it imported was in 1980, and a positive trade balance isn't in the cards anytime soon. But if U.S. consumer spending remains anemic, a rebound overseas could shrink the trade deficit and thus...