Word: consumerization
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For now, when it comes to food allergies, many American parents - as well as the government and the food industry - prefer to play it safe. The Food Allergen Labeling and Consumer Protection Act, which went into effect in 2006, calls for a zero-tolerance policy, meaning that manufacturers must declare...
That doesn't mean there's no downside. Supersized sovereign debt is likely to depress economic growth. Hefty debt payments lead to heftier taxes, which bite into consumer spending and corporate investment. Economists Carmen Reinhart of the University of Maryland and Kenneth Rogoff of Harvard University found in a recent...
The response in Athens was widespread outrage. A daily newspaper, Eleftheros Typos, retaliated with its own doctored photograph depicting the golden statue atop Berlin's Column of Victory holding up a swastika. On Friday, Greece's oldest consumer group called for a boycott of German products. See pictures of the...
Volatile energy prices are another worry. When crude-oil prices rise to $100 a barrel, for instance, UPS and FedEx both recover that increase through a fuel surcharge. "They essentially lose money on the way up but make it back on the way down," Ross says. "Longer term, though, higher...
President Obama, during his State of the Union address, told the country that it was going broke. But the rules of road as they are facilitated debt accumulation and high leveraging of assets. Bankruptcy laws, first-time homebuyer tax credits, and non-recourse loans all give the uninformed consumer incentive...