Word: dan
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Dates: during 2000-2009
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...forget those champagne wishes and caviar dreams, the right car, vodka, watch, cuisine and music system. Consumers no longer feel they absolutely must have the latest luxury product. Who would be impressed, anyway? ''People don't think being square is synonymous with being a sucker anymore,'' says Dan Fox, marketing planning director of the Foote, Cone & Belding ad agency. Besides, they no longer seem to get a kick from spending borrowed money. Consumer installment credit dropped $342 million in December, or 0.6%, in what would ordinarily have been a busy shopping season, and a huge $2.4 billion in January...
...exactly - even those modest gains were eroding as noon approached - but clearly something happened besides Alan Greenspan's bullish comments on free trade before the Senate (although a brief mention of the slowdown, with no bearish comments along with it, may have played a tiny part). TIME investing columnist Dan Kadlec has a few ideas...
Sophomore Dan Shevchik and senior Michael Im turned in explosive swims in the backstroke events. Im placed 14th in the 200 backstroke with a time of 1:45.41 while Shevchik, who swam the maximum three individual events, placed 19th. In addition to helping the medley relays, Im also sprinted to a 22nd-place finish in the 100 backstroke, touching...
...With reporting by Dan Cray/Los Angeles, Brad Liston/New Orleans, Ulla Plon/Copenhagen and other bureaus...
...time.com/personal for more on the market. E-mail Dan at kadlec@time.com See him Tuesdays on cnnfn...