Word: consumerized
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The European Parliament is currently studying whether it should extend from 50 to 95 years the copyright term covering sound recordings, thereby bringing European law in line with that of the U.S. But opponents of extending copyright say shorter copyright periods benefit consumers by eliminating hidden costs - European publishers are...
Most troubling to the financial markets is the ongoing question surrounding the nation's biggest banks, including reports that Bank of America's acquisition of Merrill Lynch is shaky and that BofA will need billions more in federal assistance. Meanwhile, Citigroup is trying to stay one step ahead of the...
A truly effective stimulus plan jolts the economy by lifting consumer confidence, since tax cuts can only increase economic activity when people spend, not save. A bigger plan would undoubtedly lead to more consumer confidence, especially if Obama had been brave enough to break the trillion-dollar mark. The flurry...
It's not that speed and size aren't important. We're in a death spiral: businesses are shedding workers at a record pace, which saps consumer spending, which leads to more layoffs, and so on. The public sector needs to get an awful lot of unemployed workers and equipment...
It will be an expensive message, and we'll be paying for it for a long time. Obama can't control how markets or employers react, but he can use the opportunity to start keeping promises and start moving the country away from dirty energy, crumbling infrastructure and economic inequality...