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Missing The Point

Renting Kate Spade bags? Are you kidding me?

With most of the middle class facing job losses, loss of home equity, tricks by credit card companies, and so forth, who cares about Kate Spade bags? The entire concept of luxury goods peddled to the middle class is gone.

Yours,

Former Nieman Marcus Shopper now Shopping at Wal Mart

Bunnie of GA @ Sep 29, 2009 21:08:17 PM

A New Player - LocalAdLink, Internet Advertising

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Jay Patel of FL, we are the stimulus package for our country; entrepreneurs who see the vision that others have shown us...we ride on them and make the best by sharing with others the vital information they need to survive - immediately!

Mrs. Choon, Entrepreneur

Mrs. Choon Mah-Meggett of CA @ Jun 15, 2009 20:30:52 PM

Variables

I clearly remember in Algebra class "variables." Those little sticklers that could be anything. The economy is full of such variables and I am told that this is what makes "economics not an exact science." We depend on variables to explain away our social failings. We use variables to define the unknown so we can know and describe something that we cannot control but are aware of. What anyone will do tomorrow is a variable. While we all may follow some form of routine, that is subject to the variable that we may change our mind.

Economics I believe after re-reading a 700 page text book on the subject reminded me of the almighty "variable." Obviously, the financial sector is all too aware of this little fact. Variable interest rates; variable what ever. The current problems that we all see are simple in fact. We live above our means. With the two paycheck family, after having evolved from the one paycheck family, has put us squarely in the sites of the greedy; leaving behind nothing but the needy (middle class).

"We are the land of the free and the home of the brave," but all too soon, we may also be the land of the "variable living experience." While things are never certain (excluding the variable), Americans are seeing the serious results of greed from the financial sector. I am told that I can join them with my current higher learning experience or I can be left behind. Not much of a choice there. I like to eat and enjoy a good book or movie like anyone else.

As I skim through some old copies of "Newsweek, circa 1967 - 1978," I can see that there were troubles to print about then as well. "Chicken Little," I am not, but, I do see a time when all Americans must consider the consequences of over spending. I type this from my little 7 x 9 room in a 35 year old dbl-wide mobile home..less axels and wheels... to remind people that there are those that consider the variables and act accordingly. I think that is a choice just like..."pursuit of happiness"...was described by our forefathers. One must consider the happiness of whom lately!

Daniel Huber of FL @ Jun 15, 2009 17:25:08 PM

How about that.

"If you can lower the cost of doing things, this may be a great time for disruptive technologies. There are also opportunities to compete on price, as long as you have an acceptable level of quality."

This is different from any other time? Rubbish!

TGNY of NY @ Jun 08, 2009 07:17:36 AM

Current Economy a major problem of US unemployment?

Since june 2007,the economy has started to declined and people

keep loosing the jobs and banks keep closing in major cities.

It is worrysome,how the families without sources of Income

will stand to spend money on badly required matters like

business/home mortgages,health and education.Even government/

federal/state/local have effect on their budgets,as Incomes from saletaxes,property taxes are reduced to significant level and are forced to close many public services like schools and other public services.Individual families are facing acute shortage on money that keeps their credit card debt adding high

and financial companies take advantage of situation to charge

consumers high interest,transfer fees and late fees with reinstenting original interest rate that adds lot pain on

consumer's head.Is there any possibility to fix the financial mess at national level?Inhonest people/executives in corporate worlds and ceos of banking system are failed to return the

economy back to its past level honestly.The government is

trying to create better economy and employment positions,but

seen no signs in near future,if it could be done after long time.Many businesses,small or corporate will shut down if the

steps will not be taaken up on emergency manner.Industries

on Auto manufacturing is also at risk,if not bailed out.Means

No jobs ,vaccums and instabilities everywhere. The experts

failed to recommends right solutions.Market flows without direction.Talks of stock markets in air and mania of wars in

all corners of the world are bottlenecks to recover economy.Everythings faces slowdowns and hence no developments.

Jay H Patel of FL @ May 30, 2009 14:02:24 PM

I sure hope

we don't become a nation of renters of Kate Spade bags. If we do, we have lost all sense of priorities in life.

Muser of NM @ May 21, 2009 11:19:27 AM

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Rick Newman

Rick Newman

The global economy is mysterious, even scary. Chief Business Correspondent Rick Newman connects the dots. In addition to his writing for U.S. News, Rick is the co-author of two books: Firefight: Inside the Battle to Save the Pentagon on 9/11, and Bury Us Upside Down: The Misty Pilots and the Secret Battle for the Ho Chi Minh Trail.

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