Word: itemizing
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...does touching an item increase the likelihood of purchase? The motivation traces back to what behavioral economists have labeled the "endowment effect." This phenomenon posits that consumers value a product more once they own it. And simply touching that Charmin may increase a shopper's sense of ownership and compel the consumer to buy the product. (Read "How to Know When the Economy Is Turning...
...atmosphere of tension and mistrust is real - and no longer limited to the Finance panel. In recent weeks, three sources tell TIME, the Senate Committee on Foreign Relations has added a tax-related item to the basic questionnaire it presents to nominees it is vetting, asking them whether they have reviewed their tax returns for the past five years and can verify that they are accurate. And officials say that other panels, such as Homeland Security and the Governmental Affairs Committee, are moving slowly in vetting the nominees that are before...
More along these lines is heading our way. The Administration hopes to harness our inertia with its automatic pension plan, a major step toward universal savings accounts, and by dramatically simplifying applications for federal tuition aid. Its push to computerize health-care records - another big-ticket stimulus item - could make generic drugs and cost-effective procedures our default treatments. And seniors who don't select health-care or drug plans could be automatically enrolled in low-cost options. "It would be nice if we all behaved like supercomputers, but that's not how we are," Orszag says...
...other words, China will seek to spend more, and the U.S. will seek to spend less. Many economists are critical of the lack of specific policy solutions beyond these acknowledgements, saying the imbalances and the resulting distorting effects on currency exchange rates should have been a central agenda item at the G-20. "Unless and until surplus countries recognize that this cannot continue, no durable escape from the crisis will be achieved," Martin Wolf, author of Fixing Global Finance and the Financial Times' economics columnist, wrote in Wednesday's edition. "Understandably, but foolishly, they are unwilling...
...Will the summit achieve anything? It would be a surprise if it broke up in disarray - the stakes are too high for that. But it would be as surprising if measurable progress were made on every item on the agenda...