Word: lesses
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...China, meanwhile, it is fashionable to blame U.S. trade deficits on the debt-addicted ways of American citizens and their government. There's an element of truth to this too. If the U.S. borrowed and spent less, its trade imbalances would be smaller. But China has been enabling this profligate behavior for years by buying trillions of dollars in U.S. government debt and mortgage securities as part of its continuing effort to - you got it - keep the yuan from appreciating too much against the dollar...
...even more important difference is that the stakes are higher with China. Japan seemed like a fearsome economic rival a quarter-century ago, but it wasn't really a political rival and, with a population less than half that of the U.S., it was unlikely ever to surpass the U.S. as an economic power. China, with its billion-plus population, seems destined to surpass the U.S. in economic clout, and it appears to have designs on rivaling the U.S. as a political and military power. Which means there's no easy way out of the U.S.-China trade impasse...
According to Beemer's research, 51.5% of consumers plan to spend less this year, compared with 40.1% who said they'd cut back a year ago. Retailers have been quick to trumpet how their more manageable inventory levels and smaller staffs will help control costs. But such cuts could backfire against them. Over 41% of shoppers, as opposed to 21% in 2008, say they will leave stores that are short-handed or have long lines at the register. If cash-strapped customers already feel a little guilty about shopping to begin with, they'll look for any excuse to head...
...relations executive from Chicago, and his wife usually spend about $200 on presents for each other. This year, they're cutting spousal gifts entirely, opting to spend that money on their 19-month-old second child and other family members. "This doesn't mean we love each other any less," says Batt. "We just want to do what's right for the Christmas spirit." Batt's a nice Santa for his son. But for companies that are counting on Dad's splurging on Mom, consumers like Batt are nothing but the Grinch...
...separate fact from opinion, and even fact from misinformation. But even worse than his flirtations with journalistic integrity, Dobbs has used his platform on America’s most trusted news network to promote a vision of the country that has become more about exclusion and anxiety and less about life, liberty, and the pursuit of happiness. And he’s done it with a jaundiced eye. For some time now, “Mr. Independent” has spent less time offering fresh political commentary than giving credence to cultural prejudices...