Word: consumerized
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If you have any objections to the settlement struck between Google Books Search and the publishing industry, you better send it out soon. All objections must be postmarked May 5, 2009 or earlier. And objections, of course, are being raised from all sides.The settlement has been under fire from the...
A number of analysts of consumer behavior thought Starbucks would be decimated by the recession. Consumers would stop going out and would brew their coffee at home to save money. That theory failed to take into account the social bonding aspects of going to Starbucks. It is psychologically and emotionally...
Sales have also slowed in places where the inventory is limited. "The consumer discounts are affecting everybody--even markets like South Beach [Fla.] and Manhattan are seeing weakness, even though there's almost no supply," notes Lunt. "Everybody's income has gotten less, and prices are resetting."
Some of the revival is due to the greater availability of trade finance, which had dried up as banks clamped down on lending in late 2008, hamstringing global trade. But China, the world's third-largest economy, is likely a more crucial factor in the turnaround. China sits in the...
There is still a limit to how far Asia can rebound on its own. Demand in the U.S. is simply too important to Asia's export machine for the region to experience a full recovery without an increase in American consumer spending. There are recent signs, however, that U.S. demand...