Word: consumerized
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Piero Marrazzo was forced to step down as governor of Rome's region, Lazio, on Oct. 27 after an alleged blackmail scheme set off the spiral of embarrassing revelations about his private life. Prosecutors have now opened homicide investigations into the deaths of two people linked to Marrazzo, who was...
Retailers know they can't afford to ignore discounting from online retailers. "If they can't get the consumer off of Amazon and into their store, then they'll lose the entire share of wallet, not just the one product that they lost to Amazon," says Rick Smith, author of...
But retailers are digging in their heels, insisting they won't slash prices to 2008 levels. Last year, retailers had loaded up on goods for the holiday season but were then hit with the collapse of Lehman Brothers, upheaval in the credit markets and the AIG crisis, which sent tremors...
More broadly, what sorts of companies should we be worried about? Unfortunately, private-equity firms infiltrated almost every industry - industrials, consumer goods, retail, hospitals, utilities - so a leveraged-buyout bust will be very widespread. TXU, which is now called Energy Future Holdings, one of the largest utilities in Texas, faces...
Still, President Franklin Roosevelt - who rode into office on a platform of deficit reduction - initially hedged his bets, taking stabs at public-works projects and farm subsidies while also rolling out balanced-budget initiatives. When a British economist visited the White House in 1934 saying deficit spending was the best...