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Concerned about her family’s finances, a university student in Australia cashed some long-forgotten lottery tickets this week — hoping the money would help her parents. She discovered their worries are over. The university student won $10 million (A$13 million) — and helped solve a lottery mystery that has made headlines in Western Australia for 10 months.
The economy is losing between 600,000 and 750,000 jobs every month by every measure that the government and analysts use.
Should a bridge that would connect two campuses at Microsoft’s headquarters be funded with $11 million from the federal stimulus package? Critics of using stimulus money for the bridge say it would give the software giant a break on a pet project. They also say it serves as a warning sign of how some stimulus money is not being used to finance new projects but is being diverted to public works already under way.
AlixPartners, a turnaround firm, said at the beginning of the year that 10% to 26% of retailers were in financial distress and were in danger of filing for Chapter 11.
Slumping consumer demand pushed China’s consumer and producer price indices into negative territory in February, state-run media reported Tuesday.
The American shopper is dazed and confused. What do I really want, versus what do I really need Sure, I can afford the plasma television now, but should I save that $2,000, in case I get laid off tomorrow Can I really tell my snobby friends that I now shop at — egads — Walmart To gauge the mindset of the American consumer, and the state of shopping during this recession, TIME checked in with respected retail expert Paco Underhill, the CEO of Envirosell, a consulting firm, and author of Why We Buy: The Science of Shopping. Give us a snapshot of the American consumer landscape. We can divide the American consumer into thirds