The World Newser is World News' daily blog. Here, you'll find our staff's thoughts on the day's news and the way we build our broadcast. Plus, we'll share reports from our team of correspondents in the field, as well as producers behind-the-scenes.
RECENT POSTS
- Clem's Chronicles: Toyota Recall/Afghan Speech/State Dinner Crashers
- Charlie Gibson...On this Thanksgiving
- Quotes of the Day: 'It is my intention to finish the job'
- Start Your Shopping Engines
- The Hajj and Women's Dress
- Clem's Chronicles: Afghanistan/WH State Dinner/Holiday Travel
- Photos: White House State Dinners Through the Years
- Are We Becoming A Nation of Know-Nothings?
- Quotes of the Day: 'President Obama has the information he wants... to make his decision'
- Clem's Chronicles: Jobs/Afghanistan/Health Care Reform/Deficit
- Child Safety: Crib Recall and Other Recently Recalled Kids Products
- You Buying Less This Holiday?
WORLD NEWSER CATEGORIES
MONTHLY ARCHIVES
« Previous | Main | Next »
Are You Cutting Back This Christmas?
November 19, 2008 1:25 PM
Nothing like a blog to break bad news that you already know. We got some dismal news from our polling unit this morning regarding holiday shopping this year. 51 percent of Americans say they will be spending less this season. Yes, there is a pretty solid connection between what someone tells a pollster and what they end up doing at the mall in a couple of weeks. This is the biggest pullback from consumers since the 1991 recession. The one bright spot for the shopper -- deals. Retailers are already plying anyone who'll walk into the store or click on their site with deep discounts. Desperate times call for desperate measures. One analyst sees as many as 20 percent of the retailers at your local mall going out of business in the near future.
So, are you pulling back this year?
November 19, 2008 in Economy | Permalink | Share | User Comments (22)
You can follow this conversation by subscribing to the comment feed for this post.
A follow up on earlier quote. The position we find ourselves in today is because of selfishness and greed. This country is getting a huge wake up call to go back to their first love and that is Jesus Christ, the Savior of the world. Put your trust in him and not in the temporary pleasures of this life. Seek for the eternal which last forever. Joy, love, peace that this world cannot give you. I am blessed with the richness and fullness of God.
Posted by: Tee | Nov 20, 2008 8:56:57 AM
My wife's job will be eliminated next year as her company is absorbed by another. My company has just announced another round of layoffs; no word on how my department will be affected.
We will give each other inexpensive gifts, but retailers will not be extracting any significant sums from our pockets. The mortgage, gas, utilities, and food take precedence
We'll stay at home, light a candle against despair, and contemplate our vast fortune -- a portfolio of love, laughter, friendship and joy that sees us through good times and bad.
And those investments never depreciate.
Posted by: Yukon Sam | Nov 20, 2008 10:30:36 AM
Post a comment
