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...Read "How to Know When the Economy Is Turning...
Thanks in part to these forecasted cuts in spouse-to-spouse gifting, Beemer is predicting a 2.9% drop in holiday retail sales, compared with a 2.7% drop a year ago. "I know some analysts are predicting positive numbers, but I just don't see it working out as well," he says. Given his track record - Beemer's sales predictions have been accurate within a half of 1% over the past 17 of 18 holiday seasons - the economy shouldn't expect a Christmas gift. "It's a heck of a challenging time," says Mark Israel, president of Hearts on Fire...
...course, attractive deals can always trump fiscal responsibility. And plenty of retailers are offering incentives for husbands and wives to stuff each other's stockings. "In general, retailers realize that shoppers don't have as much money," says John Vincent, founder of BlackFriday.info. "They know you're not going to spend $1,000 on a TV. So they are emphasizing deals for smaller, more practical, more giftable items." Vincent points to Target, which on Black Friday will be selling $3 coffeemakers, toasters and sandwichmakers. Not exactly stuff that tugs at the heartstrings on Christmas morning...
...them $40,000 a year with health benefits and vacation, that's $60-grand. Do the math," he says. Brennan would prefer the government offer a tax credit or tax cut for every dollar that small businesses spend on health care for their employees. (Read "How to Know When the Economy Is Turning...
...Dobbs or his particular brand of the American dream. He’s a private citizen and certainly has the ability to voice his opinion as to what the country should look and sound like. In the short run, at least, I’m happy to know that Dobbs will no longer have a home on a network that prides itself on providing objective news to the whole country. In the long run, I see Dobbs’s resignation as a promising sign that we’re moving toward a patriotism that sees “ordinary...