Word: consumerized
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Did you know that karaoke supposedly accounts for 1 out of every 4 consumer dollars spent on music worldwide? And the trend is only just catching on in the U.S., thanks to the popularity of hip video-game karaoke clones like Guitar Hero and Rock Band. My home karaoke bar...
In a normal cyclical slowdown, lowering interest rates encourages fresh business activity by reducing the cost of borrowing from banks. With more borrowing comes more investment, more jobs and more growth. But these are far from ordinary times. Banks, already burdened with bad consumer and commercial debts, are desperate to...
There may be little Ma's China policy can do to significantly bolster Taiwan's economy in the face of the global financial crisis. The economy is highly dependent on exports, especially of electronics, to the U.S. and elsewhere. Taiwan's export orders grew only 2.8% in September from a...
The central privilege people will have to give up is the culture of unlimited consumer choice. This doesn’t mean that everyone have to move to hemp farms and clothe children in newspaper diapers. It does, however, mean that people may not be able to eat beef at...
...doubt the consumer economy’s perceived location at the core of Americana is what has lead many environmentalists to duplicitously suggest that people will not have to give it up. But there is nothing axiomatic about consumerism in the American ethos. It is, in fact, a relatively recent addition to the American canon of values. Assuming that it is unassailable and that attacking it will doom any environmental program to marginality is to confer more legitimacy onto it than it actually deserves. There is an old Yankee maxim that goes “use it up, wear...