Retailers to Wage Psychological Warfare
Sellers Will Try to Retrain Consumers to Pay Full Price, But It Won't Be Easy
Talks of an Obama stimulus package didn’t prevent consumer confidence to plunge, leading to a devastating holiday shopping season for retailers. Sellers are about to fight to get buyers back.
The Best of TWI in 2008
TWI launched just a year ago. Since then, our staff has run over 4,400 posts and pieces and broken news that furthered some of the most important stories of the year. Check out the most viewed stories of 2008 and the TWI staff’s favorite reads.
Lawsuit Targets Banks With Novel Tactic
In the neighborhoods hit hardest by the foreclosure crisis, speculators and flippers are swooping in to buy up the cheap properties and then letting them fall into disarray. Housing advocates may have found a legal opening to stop the death spiral.
Outlook Bleak for Health Programs in 2009
Rising unemployment is creating greater demand for Medicaid, while home values and consumer spending are down, leaving less revenue for states to fund such safety-net programs. Many expect the situation to grow worse.
Is 2009 the Year of Credit Card Reform?
Some Democrats, dissatisfied with the Federal Reserve’s new credit card regulations, are pushing for more sweeping and immediate reform. But with the influential banking industry already struggling from the recession, any changes could face stiff resistance in Congress.
Auto Suppliers Hit in Downturn
If auto manufactures fail, spin off industries could cut thousands of jobs. In all, some 2.5 million workers could lose their jobs.
Government Binge Spending
Tough budget decisions are always difficult for lawmakers looking to stay popular with constituents. But policy changes are necessary to handle otherwise-impossible debt.
The Case for Spending More
Cutting interest rates and bailing out banks won’t pull us out of the full-fledged credit collapse we’re facing. It’s time to spend.
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