Word: spending
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Dates: during 2000-2000
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...Rosemont Elementary School in Baltimore, college prep begins early. How early? Starting in prekindergarten, students take some of their lessons from tenured university faculty. Undergraduates serve as teachers' aides, and kids spend their summer vacations studying on the campus of a nearby college. When students graduate from the fifth grade, they get a handshake and a diploma from a university president. So it was understandable that when a visitor recently toured the school, a bespectacled third-grader asked, "Excuse me, Miss? Are you a professor...
...good friend of the Fed chairman?s. So are Cheney and Paul O?Neill, Bush?s choice as Treasury Secretary. Both worked with Greenspan in Gerald Ford?s White House. All of them will be going to work on Greenspan to persuade him that Congress would simply spend the surplus before it can be used for bill paying. And George W., whose father had notoriously frosty relations with Greenspan, has gone out of his way to court the chairman. A few weeks ago, after their get-acquainted meeting in Washington, he even squeezed the uncomfortable-looking Greenspan on camera...
...place in the final two weeks, and merchants expect bargain-sniffing consumers to pounce at the last minute. "If the weather clears, the shoppers will be out," says Lee Scott, CEO of Wal-Mart. "They have shown they do have disposable income." Now they have to show they'll spend...
...below expectations, and jittery merchants--most of whom make a quarter of their annual sales during this critical time--are slashing prices earlier than ever before. Apart from the Barbie Volkswagen and the Sony PlayStation 2 game machine, there aren't many must-have items. And when consumers do spend, it is increasingly for services--such as trips, parties or a day at the spa--not for old-fashioned goods. "Shopping as bingeing is over now," says Kurt Barnard of Barnard's Retail Trend Report. "Consumers won't buy frivolously or on a whim. They'll buy what they need...
...Even with limited TV exposure, our preschooler already knows the jingles for this season's hottest gifts. If he had a TV in his room, says the National Institute on Media and the Family, he'd spend an additional 5.5 hours a week watching it. That's about 45 minutes a day that he could be looking at books, playing with his sisters or singing toy commercials...