science says
The global economy is crashing, credit markets are playing ice age, and you consumers have a simple choice: buy things now or prepare to be stabbed next year.
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consumerism
Is it possible? Can this country's insatiable appetite for consumer goods be
slowing down? No! Surely not!
US News & World Report's Alpha Consumer, Kimberly Palmer took a look at consumer demand and its relationship to cheap credit.
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shame
Have you seen them? The Europeans? They're everywhere! In our fancy bistros, on line at the Apple store, spending their fancy-pantzy valuable Euros while we suffer through this intolerable non-recession. The patriots at the New York Times finally sounded the warning call over this European "invasion" that's transforming New York into the "Walmart of hip."
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retail
Over at
MSN Money there's an interesting article about the tyranny of cheap crap that we, as a people, are accustomed to living under. Why do we buy a coat every year instead of one high quality coat that will last many years? Why do we buy crappy kitchen knives that go dull and become dangerous? Do we enjoy shopping so much that we're content to keep rebuying the same stuff?
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friendly reminders
Hey, Apple fanboys! Yeah, you, the ones who stood on line foaming at the mouth so you could be the first to buy those precious little pocket diamonds that didn't sell out. Your limited one-year warranty expires tomorrow, so break your phone while you can. As for the rest of us, let's look back at a year of the iPhone and remember the perils of being an early adopter...
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consumerism uber alles
Feeling down? Money might help, according to Betsey Stevenson and Justin Wolfers. The Wharton economists
released a paper arguing that countries with higher gross domestic products have happier citizens. The study shatters the conventional wisdom known as the Easterlin Paradox, which holds that GDP and happiness are largely unrelated.
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don't forget
Companies are paying $90,000 per second tonight to get their products before our recession-fearing eyes, and they plan to get their money's worth. Tonight's advertisers will use an array of tactics designed with one purpose: motivating us to buy their products.
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hype
Stores offer the steepest discounts the day before Christmas, not on Black Friday. A Boston Globe study found that the orgy of
mindless early-morning consumerism is good for cutesy door prizes and savings on one or two items, but provides no discount for the vast majority of surveyed goods.
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advocacy
Apparently "Supercapitalism" is making the rounds over at AlterNet, because they keep writing about it. This time there's
a good interview with the author, former labor secretary Robert Reich, and he takes the opportunity to summarize his main arguments from the book.
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