Word: consumerized
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The area where there is the largest division among the nations is clearly in the amount of GDP that should be thrown into stimulus measures to create jobs, support financial firms, and build consumer demand. The US is the radical on the issue saying that its Treasury is "all in...
At Taiwan's Hsinchu Science and Industrial Park - where over 90% of the world's notebook computers, motherboards and cable modems are made - three-quarters of the nearly 130,000 workers took at least one or two days of unpaid leave a week during the first two months of 2009...
The first sign of the behavioralist takeover surfaced on April 1, when Americans began receiving $116 billion worth of payroll-tax cuts from the stimulus package. Obama isn't sending us one-time rebate checks. Reason: his goal is to jump-start consumer spending, and research has shown we're...
The words did not make zippy sound bites, so they won't be making a heavy rotation on cable news. But they struck to the heart of an often ignored cause of the economic crisis now gripping the world. For weeks, world leaders have been blaming the crisis on the...
This issue popped up again, in the most oblique way, later on Wednesday, when Obama met with Chinese President Hu Jintao. Although the issue of imbalances was not raised directly by either man, according to a senior U.S. Administration official, the joint statement released by the two nations said both...