Word: retailers
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Dates: during 1990-1999
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...scope of the wide-ranging Y2K computer problem was demonstrated yesterday as representatives from state government to food retail addressed the matter in a public forum at the Cambridge Senior Center...
...most threatening hurricanes ever to menace the U.S., and it?s headed for the Southeast and Northeast, where a lot of economic activity is," says Baumohl. "People?s minds are going to be on being safe and protecting their property - not going to the mall." Look for retail sales to dampen considerably for a week or so - and therefore for the month - as folks covering their heads sit on their wallets. Which ought to put the Fed?s mind at ease when September?s numbers come out, just in time for the FOMC board?s next interest-rate sit-down...
...Consumer Price Index, with just a 0.1 hike in the "core" rate - sparked a 100-point rally that traders promptly sold off for fun and profit. On the Fed watch, TIME senior economics reporter Bernard Baumohl figures today?s number and yesterday?s ?- a mildly alarming boost in retail sales ?- cancel each other out. "My sense from the last meeting was that the Fed was done unless it saw some clear and unambiguous evidence that inflation was on the rise," he says. "And there certainly hasn?t been any of that." Plus, says Baumohl, there?s one more good reason...
...ground at an even greater pace. Over the past five years the number of screens in the U.S. has soared 40%, to almost 35,000, according to the National Association of Theatre Owners. And since every town with an economic-development plan sees the movies as some kind of retail miracle, the number may reach 40,000 before the building spree ends. Yet no matter how many geeks go to see a Star Wars film 17 times, it's doubtful they can fill all the seats. This could be a tearjerker for the accountants...
Yeah, but the live satellite feed doesn't hurt either. The cameo-in-every-pot strategy makes for what Friedman calls "retail television," forging bonds with camera hounds on site and viewers at home, who, the idea goes, warm to a network they see as embracing folks like themselves. Though some fans have to resort to ruses to win that embrace, as when two men snookered NBC into airing a kiss between them after luring cameras with a sign reading WILL U MARRY ME JILL...