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Word: consumptionism (lookup in dictionary) (lookup stats)
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Then there's a third group, stretching across all classes, and they have very real piles of money. They range from hedge fund people who have stored it away, to trust fund babies, to a generation of Americans that have paid off their mortgages, and don't owe anybody any...

Author: /time Magazine | Title: How Consumers Shop Differently Today | 2/22/2009 | See Source »

Retailers will also have to be more female friendly. The retail world has historically been one owned by men, designed by men, and managed by men. Yet, we expect women to shop in these stores. If women are the engines of consumption here, the purchasing agents for the family, whether...

Author: /time Magazine | Title: How Consumers Shop Differently Today | 2/22/2009 | See Source »

Is the era of "chic" over? Well, at Fashion Week (in New York City), there's been a universal sense of horror at the diamonds and furs on the runway. We get to that basic theme - conspicuous consumption is bad manners. But chic isn't gone. If anything, conservative chic...

Author: /time Magazine | Title: How Consumers Shop Differently Today | 2/22/2009 | See Source »

So is retail as miserable as it appears? Everybody has to eat. Everybody has to put clothes on their back, and drive to work, and take care of their homes and go about their routine stuff. They are still interested in products that save money. People are still going to...

Author: /time Magazine | Title: How Consumers Shop Differently Today | 2/22/2009 | See Source »

The trade deficit with China reached an all-time high of $266 billion last year, prompting U.S. complaints of unfair trade practices by Beijing. Meanwhile China has bashed what it calls efforts by the U.S. to promote protectionism. As money from China's $586 billion stimulus program begins to flow...

Author: /time Magazine | Title: Clinton Takes a Softer Approach to China | 2/21/2009 | See Source »

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