Word: fasts
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Dates: during 2000-2009
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...like a wound." By shopping at the corner store instead of the big box, consumers keep their communities from becoming what the NEF calls "ghost towns" (areas devoid of neighborhood shops and services) or "clone towns", where Main Street now looks like every other Main Street with the same fast-food and retail chains...
...Gelleri, the Chiemgauer, accepted at more than 600 businesses in the region and with about $3,000,000 Euros worth in circulation, has three times the velocity of the Euro, circling through the economy an average of 18 times a year as opposed to 6. One reason for the fast turnaround is that the Chiemgauer is designed to encourage spending: there is a 2% demurrage fee for holding onto the bills beyond three months...
...they somehow magically deserved all that success - "We're just really better than everybody else, and we always will be." The great irony is that leads to the undisciplined pursuit of more, and it's very hard to preserve your values and your basic model if you grow too fast...
...that misses a looming reality. American consumers, whose overspending largely got us into this mess, are still under massive pressure, owing to the record debt they racked up during the boom years. People are unwinding those burdensome obligations - from mortgages to car loans to credit-card debt - as fast as they can, but the process is sure to take years, and until it is complete, the economy can't fully bounce back. "Even though we're probably past the worst in the business cycle and probably even in the bear market, we're talking about something much bigger here," says...
...announcement left computer manufacturers scrambling to work out how to comply, and what the implications might be for their sales in China's fast-growing market. "It totally blindsided the industry," says Bryan Ma, a Singapore-based senior researcher with industry analysts IDC. Some computer makers aren't sure they can meet the July 1 starting date. "It'll be interesting to see what happens if some people say they can't physically get it done in time," Ma says...