Word: pullback
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Dates: during 2000-2009
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Today is Cyber Monday, the day for shoppers to surf the Web for special deals. As more people feel comfortable making purchases online, Web retailers expect to draw a rising share of holiday purchases. But with the credit crunch and financial meltdown contributing to the massive pullback in spending, will Cyber Monday be an Internet boom or bust? "I would say bust," says Jon Vincent, founder of BlackFriday.info, an online-deal site. Analyst Ken Cassar of Nielsen Online is little more optimistic. "Cyber Monday will likely be disappointing," he says...
...with 23.1 last year. Almost seven in 10 said they intend to change their shopping behavior because of the economy; 81% say they plan to buy more sale items. "Over the last few holiday seasons consumers would buy for themselves too as they shopped, but there will be a pullback on this," says Janiak from Deloitte. The good news: those who received a federal government stimulus check over the summer said that, on average, 20% of that money remains unspent, meaning it's available for holiday shopping...
...Main Street's Pullback For millions of Americans, the prospect of living within their means is a meaner one by the day. And it has consequences that are already showing in the bankruptcies of retailers such as Linens 'n Things, Mervyns, Steve & Barry's, Shoe Pavilion, Goody's and Sharper Image and in the possibility of poor holiday sales. The overleveraged consumer is the biggest economic problem the country faces, because debt has been the rocket fuel that has propelled growth for most of the past decade. Two-thirds of the $14 trillion U.S. economy is driven by consumer spending...
...your credit's okay and you can actually afford the monthly payments. There is less lending overall, and that depresses economic activity. But with oil prices dropping again today, the single greatest scourge of American consumers this year - the high price of gasoline - is due for a further pullback. In New York and a few hard-hit real estate markets, this is a big-time crisis, the biggest since the Great Depression. For the rest of the country, the jury's still...
...standing in a farmer's field, smoke rising from a huge fire started by a Russian incendiary bomb that had drilled into the ground 15 minutes earlier, when the first report came that Russian President Dmitri Medvedev had announced a pullback of Russian forces and an end to the bombing. It was news to the villagers, who had just watched their wheat crop engulfed in flames a few minutes earlier and who had spent the night before sheltering in the forest from Russian attacks. But a visitor from a nearby town insisted it was true...