Word: consumerization
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The stars, in other words, were not exactly aligned for a backroom bipartisan deal. Dodd tried anyway - first with Richard Shelby, the ranking Republican on his committee, and after that crashed and burned, with Corker, a junior member of the committee who seemed more open to a compromise. Over the...
Financial reform is an extremely complex issue, substantively and politically, but a few simple things can be said about it. Republicans have vowed to block any independent consumer protection agency with enforcement authority, while President Obama and many Democrats have insisted on one. Republicans don't want to hand Obama...
In fact, Dodd said Thursday that he's still optimistic about a consensus bill. He hinted that when he unveils his draft on Monday, it will reflect the compromises he's already made with Corker. But common sense, as well as leaks from their talks, suggest that those compromises - stripping...
Overhanging the economic outlook is the dark cloud of jobs. With unemployment at 9.7%, underemployment (which includes those working part-time and those who have given up looking for work) at 16.8% and consumer confidence taking an unexpected 10-point drop in February, Americans are still feverishly chasing bargains. Gus...
"With the high unemployment figures and low consumer confidence, we have not yet seen a reversal" in frugal shopping trends, says Andrew White, chief financial officer of Sageworks, a financial-analysis firm. (See how Americans are spending now.)