Word: consumerized
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The 2.2 percent rise in Yale tuition, room, and board is tied to projected consumer price inflation and will be “the lowest increase in recent memory,” according to the Yale Daily News.
The Inflation Factor Storm-related economic problems are likely to be temporary, but they are still worrisome because the nation is already facing the possibility of reduced growth if the U.S. slumps into a recession. In China, "risks to growth also inevitably mean risks to [social] stability," says Patrick Horgan...
Handbags have a 30% to 40% margin, while apparel has only 15% to 20%, which is why luxury brands use the runway to leverage their image and then optimize profitability with leather goods. In Gucci's case, leather goods make up more than 50% of profits, the majority of those...
One of our responsibilities is to help make sure that democracy is reborn in every generation. TIME is the fourth most read consumer magazine among college students (behind Cosmopolitan, PEOPLE and SPORTS ILLUSTRATED), according to the Student Monitor, and TIME.com has a greater proportion of 18-to-34-year-olds...
The U.S. consumer binge has been fueled not by rising incomes but by rising debt, especially mortgage debt. "People can't spend 200% of their income on mortgages," says Stiglitz. The only way for this to continue was for house prices to keep rising. Then, shock of shocks, they stopped...