Word: consumerized
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Saving homeowners is far from easy. The original Bush plan, FHASecure, which involved the government refinancing people into lower-interest loans, has thus far helped only about 387,632 borrowers. A subsequent plan to identify borrowers in trouble and modify their loans has been more successful. As of October, the...
Those declines followed a trickle of new data suggesting a slowing of U.S. economic activity, and follow-through damage inflicted by the global financial crisis. Statistics released Wednesday showed American retail sales were off 1.2% in September - almost double the expected decline. That added weight to other indicators suggesting U.S...
Not everyone is so lucky. Recent industry research shows that falling purchasing power and consumer fear of a looming economic downturn have caused spending in France's cafés and restaurants to slump around 20% this year. Nearly 3,000 of the nation's restaurants closed down or went...
Answer to Cancer: Prevention The extraordinary missed opportunity in fighting cancer centers on the lack of primary prevention: avoid, reduce and eliminate exposure to carcinogens [Oct. 6]. Shamefully, the National Cancer Institute invests only a minuscule amount to prevent cancer, opting predominantly for a posteriori treatment. Mortality for certain cancers...
State capitalism is hardly foolproof, of course. In nations with less sophisticated economic management than a place like Dubai, state control could simply revert to cronyism. Because they still rely on trade, the state capitalists are not immune to a global meltdown. Indeed, decreased Western consumer demand will dent China...