Word: consumerized
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Inflation or Deflation The amount of money that European governments and the U.S. are promising to put into the financial system is so vast - close to $2 trillion, if the cash injections and state guarantees are added up - that it could end up stoking inflation. Consumer prices have anyway been...
A struggling Europe is bad news for the rest of the world, since more than one-third of all foreign direct investment into countries such as China and Brazil comes from the 27-nation European Union. The E.U. with its 490 million population has also been an ever larger consumer...
Vanishing Credit One of the main consequences of the financial crisis is that credit will be a lot harder to obtain. That's already happening in the U.K., for example, where the volume of home mortgages approved by lenders fell dramatically in August. Including other forms of consumer credit, total...
Not everyone is so lucky. Recent industry research shows that falling purchasing power and consumer fear of a looming 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 bankrupt...
Citibank, the consumer and corporate banking arm of financial services giant Citigroup, terminated its loan program for graduate students at Harvard last week, according to University officials.