Word: consumerized
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The tax plan could also begin to reduce Japan's mammoth trade surplus and thus ease frictions with Western nations. The Japanese surplus with the U.S. is expected to reach a record $57 billion this year, up from $50 billion in 1985. The cut in income taxes should encourage Japanese...
Tokyo's short-term goal, of course, is to give a boost to the country's sagging economy. Japan's gross national product is expected to grow this year by just 2.3%, its lowest level since 1974. The government believes a cut in income taxes will spark not only consumer...
"What's Toxic in Toyland" [Dec. 11] included misleading information about substances that make plastic toys and other children's products soft (phthalates) and shatterproof (bisphenol A., or BPA). Phthalates have been used in consumer products for more than 50 years. During that time, no reliable research has ever found...
During the summer it's been surprising how much regular Australians have been talking about politics. And how quickly new Labor leader Kevin Rudd has become a fixture in that conversation. Rudd, 49, has insinuated himself into the familiar backdrop of holidays?cricket, barbecues and bushfires?without, it seems, getting...
THE U.S.: GO YANKEES What economists are struggling to predict is how pervasive the impact of this housing slowdown will be on the rest of the U.S. economy, and abroad. Perhaps most surprising, American consumers are continuing to spend, regardless: automobile purchases are sluggish, but retail sales rose by a...