Tag Archives : spending

It seems that Thanksgiving knows no recession. Thanksgiving weekend retail sales came up to a whopping total of $41.2 billion, beating the 2008 haul by $1.2 billion. The amount is a .5% increase over last year’s $41 billion. However, ‘the average shopper spent 8% less than in 2008, $343.31 against $372.57.’ Consumers were still wary and cautious [...]

The current global recession has brought about the hottest debate of the season: the fate of China in the world economy. The debate options are on either extreme, whether China will emerge as the global recession’s worst victim or its most successful survivor. If we are to go by economic reports, current analyses say that China is slowly emerging [...]

Megamalls with Imported and Mostly Western Items The well-known focal point of shopping in Singapore is Orchard Road, a glitzy street that is said to be the shopping boulevard of Asia. It is an undisputed buzzword among tourists from all over the world. Malls are packed alongside one another, carrying mostly imported goods. A consumerist heaven, Orchard [...]

Singapore is known as shopping country. The government has poured huge funds for developing areas where people can have fun spending their money. Millions of tourists that visit Singapore flock to the country’s shops and stores. Many have found their way to the ethnic enclaves where bargaining for prices is the rule of thumb. The island has more [...]

Man’s materialism and greed that are carried out at the expense of nature have not changed from 19th century, as seen in William Wordsworth’s poem “The World Is Too Much with Us” (1807), till now that man is already in the 21st century. Man’s unnecessary, profligate, and irresponsible consumption has been continually depleting the finite resources [...]

Recession may not be best times to promote credits cards but world’s leading credit card brand, Visa, is all set to launch its new campaign on American Idol on Wednesday. The first two ads of the series, ‘Let’s go’ and ‘Aquarium’ will go on air followed by print campaign and online promotion will be made by an interactive microsite Visa.com/go. Visa [...]

The world goes haywire, that’s for sure. Money is beneficial in its utilitarian role. It is also meant to be circulated so that an economy can thrive. Problems start when people keep their money, instead of bringing it back into circulation as it should be. But the rich wouldn’t have become so without stashing their money in banks to grow interest [...]

Believe it or not, there is such a scientific field of study as Behavioral Economics. It wants to find out why you deal with money the way you do. Of course, it doesn’t stop there. It also makes recommendations on how you can stop managing your finances as crazily as you have. In other words, it is meant to end this insanity we all have with cash. Scrimping [...]

Americans know too well that it is the power of the middle class that sways a nation. The few rich are complacent enough not to lift a finger, while the poor are too busy scrounging for a living. The all-important function of the middle class is the reason why US incoming VP Joe Biden is put in charge of strengthening the ranks of the middle class [...]