Word: spend
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Corporate fear stems in part from sliding consumer confidence, which this week hit its lowest point ever recorded. "Consumers have been impacted by a serious downturn in every form of wealth and income that supports consumer spending, and battered by high levels of volatility in their stock accounts," says Stuart Gabriel, professor of finance at UCLA's Anderson School of Management. The diminished value of stocks, falling home prices and fears about potential unemployment combine to create a negative "wealth effect," making consumers feel poorer. As a result, they spend less. Robert Hansen, professor of business administration at Dartmouth...
Market-research firm NPD Group dug into the numbers and determined that, on average, you'll spend up to $800 more on an Apple than you would on a comparable PC laptop. And in most cases, PCs come with more bells and whistles, like Blu-ray drives and more ports for special external hard drives and video connectors. So what kind of sucker would be willing to pay the Apple...
...bring out of the woodwork a whole segment of readers that publishers had traditionally believed never existed," says the agent Chatterjee. She describes them as "college and high school students, the under-25s, whom we all liked to believe would rather buy a pizza or go disco-dancing than spend money on a book." But they will buy books relevant to their own lives. Amitabha Bagchi, author of another IIT novel, Above Average, says young Indians want to read about themselves "not entirely as an act of narcissism but also as part of a process of adapting to, and learning...
...spend $2.1 trillion on healthcare. That’s obviously an unbelievable amount of money,” Jha said. “But [healthcare providers] don’t value patients’ opinions as much as they should, and this data changes the ball game...
There was a similar unveiling in 1992. Like Obama, Bill Clinton campaigned for the White House on a platform of middle-class tax cuts and a free-market-friendly approach to public policy. The government doesn't "spend" tax money in the New Democrats' lexicon. It "invests" in the future. And like Obama, Clinton saw another version of himself painted by the opposition: a pot-smoking, war-protesting, bureaucrat-loving, income-redistributing radical...