Today, Gallup released a weekly survey of consumer spending — a good metric to keep an eye on, as it accounts for around 60 percent of the U.S. economy. Consumer spending had made gains last month, as high-income Americans returned to malls and restaurants. But more recent More…
As Americans shift back to our habit of spending more than we make, a Marine in Ramadi, Iraq, offers a poignant reminder of just who’s making the sacrifices in the nation’s seven-year-old war on terror.
“America is not at war,” reads a handwritten note at a U.S. More…
The bursting of the retail bubble that we discussed on Monday continues, and at a faster pace than expected. Mall vacancies reached a 10-year high in the fourth quarter of last year, Bloomberg reports. Things are only expected to get worse, according to research firm Reis More…
As another Black Friday rolls around, there’s a feeling of desperation — rather than Christmas — in the air.
Competition among online retailers has turned vicious, with deep discounts and free shipping. That makes a shopping trip to the mall ever harder to justify.
There is another More…
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