Word: consumerized
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Signs of hard times getting harder in the U.S. are appearing every day. Home construction has dropped to its lowest level in roughly 60 years. Industrial production has fallen by rates unseen since the early 1970s. Consumer spending continues to decline month after month, even as the holiday season approaches...
Indian tradition decrees that it is auspicious to make purchases in the days leading up to Diwali, which falls in October or November. With faith meshing so effortlessly with commerce, the season sees sellers, advertisers and marketers urging the devout to spend money with a religious fervor, as they hawk...
Yet no one is entirely pessimistic. Experts and industry insiders believe that once the storm blows over, demand is bound to rise for the same reasons it did last time - a large, young workforce; gradual but consistent liberalization reforms; and a high rate of consumer and private-sector savings. "The...
Citibank, the consumer and corporate banking arm of Citigroup, terminated its custom loan program with international graduate students at Harvard earlier this month, according to University officials. The bank is also canceling similar agreements with international students at schools including MIT and the University of Michigan, financial aid officers at...
Bananas are hardly the first fad diet to create shortages in Japan's consumer markets. During the 1970s, there were similar runs on black tea fungus, oolong tea and konnyaku; during the 1980s it was baby formula, banana and boiled egg; then, in the '90s, came apple, nata de coco...