If your weather hasn’t cast a pall over June as it has here in the Pacific Northwest, the news and the economy surely have. The oil spill in the Gulf of Mexico highlights governmental incompetence, the G20 lacks unified economic policy, some place called Kyrgyzstan is a complete basket case, and currencies and markets gyrate [...]
Austere Europe?
Supposedly, countries around Europe are tightening their belts. Gone are the days of reckless spending, they say. The Tories are ruthlessly slashing services after taking power: Chancellor of the Exchequer George Osborne announced today a 25 percent cut in spending over the next four years, excluding overseas aid and the National Health Service. The move [...]
- 0 Comment
- Tags: austerity, debt crisis
Consumers Buy – On the Cheap
Retailers are struggling to turn out consumers. It seems like they are only willing to spend money when they think are getting a good deal – imagine that. On Saturday, I was unwittingly part of such a consumer response myself. My wife had strategically placed me in line at Old Navy with shirts (not men’s [...]