Word: consumerized
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Irving Azoff, chief executive of Ticketmaster Entertainment Inc., doesn't mince words when he talks about the amplified negative press that's surrounded his company's bid to merge with Live Nation Inc. since the deal was announced in February. "It's really good that some of the press and...
Still, vertical mergers historically tend to benefit consumers, according to Antoine. "Anytime you have a vertical merger, it creates efficiencies," he said. "Whether this is helpful to the artist or consumer or ticket buyers is another debate."
Two things are driving that figure down. First, people are paying off debt - which goes hand in hand with their not spending money on as many new things. In April, outstanding consumer credit - which includes credit cards, auto loans and tuition-financing but not mortgages - fell by $15.7 billion to...
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...
"I found that to be really astounding," says study co-author Lara McKenzie, assistant professor of pediatrics at Nationwide Children's Hospital's Center for Injury Research and Policy. "We never see increases like that, and we look at consumer products all the time."