Social media: now stuffing your Christmas stockingFacebook and Twitter are having a big sway on consumers’ gift buying habits this Christmas, with product reviews and online marketing campaigns influencing 28% of US buyers, leading social media types to coin the buzzword of the season: “social shopping”.
Us consumer spending
US rebound overshadowed by Costco’s food stamps move
So the American recession is over: go tell it to the eight million or more people who have lost their jobs and remain unemployed, the tens of millions more working shorter hours for lower wages, or the 35 million or so on food aid.
US rate cut calms markets but is it enough?
So the Fed moved, startled by the sharp falls in world markets on Monday and Tuesday, upping its cut from half a per cent to an ungainly 0.75%, but some commentators still claimed it was irresponsible and “insufficient,” reports Glenn Dyer.
