Wall St was down 94 overnight, its biggest fall in a month, while the local market is down 66.
Stuff Americans like
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The American Customer Satisfaction Index tracks how happy ‘merkins are with various industries and businesses throughout the year. They do this by a rather complex formula explained here, but essentially, it works something like this: Things are given a score out of 100 for how good or bad people think they are. Then economists write some high-fallutin’ commentary about What It All Means and other people stroke their beards and say “Mmmmm” and it all goes into some sort of big marketing machine and magic happens and somehow we all end up buying more things. Their results for the first quarter of 2009 just came out, and though I can’t perform any meaningful analysis on them, they do make for some interesting reading. Let’s make some sweeping generalisations, shall we? Stuff Americans like:
Olive Garden Restaurant. Americans gave this chain of Italian restaurants a score of 81, which is really high. Americans prefer fast-food pasta to Cable TV (63) and Microsoft (70).
FedEx. Americans like getting packages in the mail more than electricity. The postal delivery service FedEx scored an 82, putting it ahead of Motorola mobile phones (72) and Energy Utilities (74). Stuff Americans don’t like:
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