Word: consumerized
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On September 17, the House of Representatives passed H.R. 6899, the Comprehensive American Energy Security and Consumer Protection Act. The measure, which allows for some domestic oil drilling and exploration in a zone 50 to 100 miles offshore, is widely viewed as a concession by congressional Democrats to the Republican...
The spread of consumer finance such as car loans and home mortgages could be affected as a result of the expected shakeout, and some commercial projects are already being hit. Two leading developers, Sergei Polonsky - who is building Europe's tallest skyscraper in Moscow - and St. Petersburg - based Artur Kirilenko...
But building restored confidence on real estate would be foolish. How is the country any richer if the exact same stock of existing housing is suddenly worth, say, 20% more? Other markets produce things. They sell what they produce. When prices go up, they produce more. Not so with real...
Obama has said little about how he would tackle that fundamental issue as President. Indeed, his short-term proposals - a second round of stimulus checks, for example, and some of his refundable tax credits for working families - could have the opposite effect, spurring more consumer spending. That might make voters...
Cox has been painted as something of a regulator missing in action - he's still explaining why he wasn't on particular conference calls during the Bear Stearns meltdown in March. (He told the Wall Street Journal he missed one call because the time changed, and he was involved in...