Word: consumerized
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Canada's central bank also slashed its overnight rate three quarters of a percentage point, to 1.5%, the lowest level since 1958 when John Diefenbaker was prime minister. The move is intended, in part, to prop up sinking consumer confidence and provide some much-need relief for key sectors such...
Students packing for home or finishing final papers today at 3:50 p.m. may ask for whom—or what—they hear the bells in Harvard Square toll. They toll for environmental awareness. The Harvard Square Clergy Association is organizing a group of churches to ring their...
But during a recession, cheap entertainment remains popular. Take Hollywood: While stories of soaring attendance during the Great Depression are probably false, movie attendance did increase in five of the last seven recessions. The explanation is simple: Movies provide a dose of high-quality entertainment, which is more in demand...
The same logic applies to video games. The game Renaissance 2 costs six times the price of seeing the movie Madagascar 2, but games are actually cheaper if you measure their cost by the hour. If we say that movies cost $10, and assume that the typical movie lasts 2...
Simpfendorfer says he believes the 2.2% contraction - exports grew by 19% in October - was caused by a lack of overseas consumer demand for Chinese manufactured electronics. Electronics are shipped closer to the Christmas rush period, he notes, unlike toys and cheaper goods that are sent out months in advance. The...