Word: spenders
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...strong, making life tough for U.S. exporters; they also saddled Americans with the unsustainable debt loads that led to the financial crisis. Now no one abroad is willing to lend to deadbeat American households, and the U.S. government has temporarily taken over as the world's chief borrower and spender. But as we've just learned from the example of the American consumer, one can't borrow and spend forever...
...years when the consumer falls short of that pace. The contraction of more than 1.5% over the past four quarters is a case in point. And there will be years when consumption appears stronger. But the die is cast for a protracted weakening of the world's biggest spender...
...does Acxiom figure who is a "likely spender"? First, it asks. Monthly surveys by BIG Research, a separate company, inquire about how people's shopping habits have shifted and how changes - like gas-price increases - might alter habits. Then Acxiom digs into it own database, one of the most formidable collections of consumer data in the world. (A Fortune magazine headline once read, "Never Heard of Acxiom? Chances Are It's Heard of You.") Acxiom tracks some 128 million households, compiling data on everything from credit-card transactions to newspaper subscriptions. Some 1,500 data fields go into the computer...
...Despite their tight funds, Martell and his partners hope to buy or borrow as many of Marceau's belongings as possible to create a museum of his life and work. They may get a bit of help from one big spender: the French state. During Tuesday's bidding, an official from France's National Library reserved its right to 20 works of art depicting Marceau onstage. That means that at least some of the mime's legacy has been deemed worth preserving as part of France's national patrimony - a view to which Marceau himself would surely doff his famous...
Japan's Prime Minister Taro Aso is proving himself to be a big spender. And he, like the rest of Japan, is hoping that spending more on the economic crisis will make it go away. At a press conference Friday afternoon, Aso unveiled $149 billion stimulus package, 50% larger than what Aso ordered up earlier this week and the third stimulus plan he has proposed since he took office last September. The latest package amounts to record spending for the world's second-largest economy - about 3% of GPP - and, if passed by lawmakers, will bring total fiscal spending during...