Word: expectations
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Among gift categories, IBIS World projects the sharpest drops for clothing and intimate apparel (don't expect the lingerie, ladies), dining out, jewelry, romantic getaways and flowers. Only greeting cards and candy, the smaller-ticket items, are showing a slight uptick. Brand Keys Inc., a New York City-based research and consulting firm, found that 15% of men and women said they would stay home this Valentine's Day, nearly four times as many as in 2008. Consumers also told the company they'd share gifts with fewer friends and family members. "Your great-aunt may not get something this...
...less. The monetary base, the money element that the Fed can control, is a fraction of credit outstanding in the U.S. system ($2 trillion versus $47 trillion). No matter how fast base money is pumped up, the reduction in credit outstanding will overwhelm it. During this phase we should expect credit contraction and its attendant deflationary effects on asset prices and consumer goods and services...
...year-old father-in-law stood to attention in front of an American flag after watching Barack Obama's Inauguration live on TV. People everywhere expect Obama to be a President for the world, not of the world. Dennis Callesen, Aoraki, New Zealand...
...economy slowing, an upgrade of cellular networks is a way to stimulate growth. "These are exactly the kind of shovel-ready projects that [China] can start work on today, where the money you spend has an immediate impact on jobs," says the executive. Beijing officials have said they expect spending to upgrade networks will add between 0.5 and 1 percentage point to the country's GDP growth...
...people who knew Duncan in childhood and on the basketball court expect big things from the new education secretary, whom they remember as a goal-oriented and passionate leader. “I think any time you have basketball players in positions of leadership, it’s a good thing,” says Mclaughlin, laughing...