Word: consumerization
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Dates: during 2000-2000
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Unfortunately, another effect of the boom has been to raise consumer debt and the U.S. balance-of-payments deficit to alarming levels. These have added to the inflation concerns of Federal Reserve Chairman Alan Greenspan, who on Feb. 2 jacked up interest rates another quarter of a percentage point. Further...
Courtis was concerned that overall Japanese corporate investment in high tech is falling sharply behind that in the U.S. The country's consumer spending is still trending sharply down, and demographic forces are already starting to bite. In 1998, Courtis pointed out, more Japanese retirees withdrew funds from the pension...
Well, maybe. beenz aren't a currency in the strictest sense. You can't go to the bank and trade dollars for beenz, for example, nor will Beenz.com allow you to transfer your trove of beenz to someone else. But beenz are one of the more successful attempts to solve...
Take a Wayne, Pa., company called Planalytics, for example. A division of Strategic Weather Services, Planalytics helps businesses understand how weather drives consumer behavior. Four years ago, Duraflame, makers of manufactured fire logs better known for setting the mood than heating the house, prepared for winter by stocking 20% more...
"Greenspan is concerned that demand for products and services is growing at a faster pace than the economy can supply," says TIME financial writer Bernard Baumohl. "That's the formula for inflation." This rampant demand, notes Baumohl, is based largely on the success of the stock market, in which an...