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"With the economy in a nosedive..." - McClatchy notes cutbacks in lattes, vacation travel, more
- To: PEN-L@xxxxxxxxxxxxxxxx
- Subject: "With the economy in a nosedive..." - McClatchy notes cutbacks in lattes, vacation travel, more
- From: Leigh Meyers <the.buffalo.in.the.midst@xxxxxxxxx>
- Date: Thu, 7 Feb 2008 17:22:06 -0800
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Santa Cruz can kiss it's *whole* business model Buh-Bye.
Americans give up lattes, vacations as economy sours
By Tony Pugh | McClatchy Newspapers
Posted on Thursday, February 7, 2008
WASHINGTON â With the economy in a nosedive, Americans are shedding
unnecessary expenses, saving their cash and voting "no" to
discretionary spending.
That means later for lattes, farewell to fashion and goodbye to family
vacations at Disney World.
The new restraint reflects a time-tested truth about economic
downturns: When the economy gets shaky, non-essential spending is the
first thing to go.
From Starbucks to Disney World and Nordstrom to Target, the service
sector â which accounts for about two-thirds of the nation's economic
activity â is taking the hardest hit.
A monthly survey of 15,000 consumers released Thursday by Discover
Financial Services found that half plan to do less non-essential
spending in February and also plan...
In full: http://www.mcclatchydc.com/homepage/story/27036.html
- Thread context:
- How deep will the recession go?,
Louis Proyect Fri 08 Feb 2008, 14:32 GMT
- The Nazi Economy,
Louis Proyect Fri 08 Feb 2008, 14:21 GMT
- The Halliburton KBR sex assault case,
ken hanly Fri 08 Feb 2008, 13:54 GMT
- "With the economy in a nosedive..." - McClatchy notes cutbacks in lattes, vacation travel, more,
Leigh Meyers Fri 08 Feb 2008, 01:11 GMT
- bangs per buck,
Jim Devine Thu 07 Feb 2008, 23:39 GMT
- Obama-Clinton,
Anthony D'Costa Thu 07 Feb 2008, 20:09 GMT
- Sans 'Allegedly' - Da' Buffalo scents disinformation, gets mean with McClatchy's Moderator,
Leigh Meyers Thu 07 Feb 2008, 19:14 GMT
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