Word: consumerized
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One hallmark of the Mondragon model is its use of capital. Rather than flowing into the pockets of executives and outside investors, a company's profits are distributed in a precise, democratic way; set aside as seed money for new cooperatives; distributed to regional nonprofits; or pooled into shared institutions...
Nevertheless, many shoppers have been procrastinating in the hopes of scoring lalst-minute gifts at bargain-basement prices. As of mid-December, the average consumer had completed only 46.7% of their holiday shopping, according to a survey conducted by BIGresearch for the National Retail Federation. This was down considerably from...
A good illustration of that: right now there are two main schools of thought on the direction the economy will take in 2010, and they couldn't be more dissimilar. J.P Morgan Chase's chief U.S. equity strategist Thomas Lee is an advocate of the more optimistic outlook. He sees...
Good riddance. Of course, the retailers risk cannibalizing their 2010 sales by offering such juicy deals at Christmastime. "The question is, Are we sucking the demand out of the first part of next year?" asks Hargreaves, the Pacific Crest Securities analyst. Perhaps. But that's of no concern to the...
In many ways, Advent Conspiracy has appropriated some of the traditional arguments of the conservative Christians who see themselves as defenders of Christmas. A popular rallying cry of the foot soldiers in the war on Christmas is "Jesus is the reason for the season." Often, however, it seems that being...