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Demand for student string instruments, including those valued under $10,000, has also suffered. "Like just about everyone in retail, our members have certainly been impacted by the recession," says Joe Lamond, CEO of the International Music Products Association, which represents instrument retailers. "Acoustic pianos and high-end guitars are...
Don't get too excited about signs of life in the economy. Some days it seems there's good news everywhere: home sales ticking up, slower job losses, the Dow turning positive for the year. But all that misses a looming reality. American consumers, whose overspending largely got us into...
One way to understand the Great Consumer Retrenchment is to look at the amount of debt the typical household carries as a percentage of its disposable income. The ratio of debt to income increased from about 35% in the early 1950s to about 65% by the mid-1960s, where it...
Fall Preview. JetBlue is offering tickets to its three new Caribbean destinations - Saint Lucia, Barbados and Kingston, Jamaica - for $99 from JFK. Before you start packing, bear in mind the cheap fares don't kick in until October, but you'll have to book by June 17 for all travel...
Palm-Sized Lonely Planet. Now you can get Lonely Planet guidebooks on your iPhone, with apps for 20 cities, such as London, Barcelona, Tokyo and Miami. GPS mapping allows you to see all the nearby bars, restaurants and cultural landmarks in your vicinity. To get you hooked, Lonely Planet is...