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China can afford to be in any business for the long haul if it is convinced that it is in its national interest. That cannot be said about any other nation in the world, especially the United States. The American government is putting its money to work trying to save the financial system and millions of jobs...
...across the country. Desperate for new revenue streams, auctioneers have started selling basic grocery store items to help pick up the slack. Hungry for bargains, shoppers have started bidding on fruits and vegetables. As long as the final offer comes in below the grocer's retail price, they'll save a few bucks on the essentials. "Right now, the auction business is in a downfall," says Raymond Toler, owner of Raymond's Auction House in Archdale, N.C. He started running monthly grocery auctions in October, after hearing that they were becoming popular among other auction companies in his area...
...whole, however, the auction houses report that shoppers are saving. The deals vary by product, but Crepeau says his customers are paying 25-50% less than they would in the supermarkets. Crepeau has been running monthly grocery auctions for two years; over the past couple of months, attendance has doubled. "We have a lot of laid-off people around here," says Crepeau. "They need ways to save a buck...
...Still, saving is the real key. Zimmerman has seven children, between the ages of 2 and 19. At a grocery auction in early April, she bought hot dogs, frozen pizzas and an Easter ham, among other items. Zimmerman figures all the stuff she bought would have cost $300 in the grocery store. She paid $100. "The more we save on food, the more we have for all the other bills each month," Zimmerman says. "Our cash flow can stretch out further. These auctions have just been a blessing...
Harvard Law School Professor Elizabeth Warren took time away from trying to save the U.S. economy earlier this week to sit down with Daily Show anchor Jon Stewart