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    News and Articles on Buying Power

    Archives: Buying Power

    MEA board raises the ante in power struggle  Dec 1, 2008
    Members wanted more say in future power sources and instead got to vote only on where the new coal plant should be built and whether they favored making power locally or buying power from Chugach Electric. The coal plant was finally shelved last December. (Anchorage Daily News)

    National chain presses local dry cleaners  Nov 30, 2008
    The company uses its buying power and advanced technology to drive down equipment, supply and insurance costs, increase volumes and reap profits. Lievan said the privately held company generally invests $500,000 to $600,000 in each store. (Washington Business Journal, DC)

    Give Thanks and Praise: Reframing Recession Into Abundance  Nov 29, 2008
    Faced with less buying power, we tend to spend only on those things that create the most satisfaction, and thus press more enjoyment out of each dollar spent. Do you really need cable television. (Townhall.com)

    Americans' food stamp use nears all-time high  Nov 29, 2008
    The buying power of food stamps decreased this year because of high food prices, until food benefits were adjusted in October. Related Articles. (Cincinnati Nation)

    Column: State Dems on health  Nov 28, 2008
    Control costs and increase access with buying pools: Pooling for buying power and to spread the cost of catastrophic losses makes sense ... The legislature must find innovative ways to enhance small businesses' buying power so they can lead the way out of our current financial difficulties and set Idaho on the road to prosperity. (Pocatello Idaho State Journal, ID)

    How to expand in a contracting economy  Nov 28, 2008
    Isn't there an upside to losing some "consumer buying power". To be honest, we went too far with consumerist mania. (San Francisco Chronicle)

    Cosatu calls on its affiliates to help Eskom raise money  Nov 28, 2008
    "Members can't afford to buy anything; their buying power is completely eroded. Christmas is quite terrible for our people.". After a year of hard labour, workers would not be able to spend money with their families over the holiday period, nor would they have money for next year's school requirements. (Business Report, South Africa)

    Black diamonds keep their heads above credit flood  Nov 27, 2008
    Black diamonds' buying power is estimated to be about R180 billion a year, compared to white people's purchasing power of about R240 billion. The majority of black diamonds are in the middle-aged bracket of 35 to 49 years and are more likely to be educated. (Business Report, South Africa)

    Growth of black middle class fuelled by credit  Nov 27, 2008
    While buying power in the affluent areas had grown by 200 percent, it had fallen by 15 percent in townships. BUSINESS SERVICES. (Business Report, South Africa)

    At Trump National Golf Club, Personal Greetings from Donald Trump Capped a Deal Between Tri Tax Franchise and Power Media Group, Inc.  Nov 26, 2008
    Hispanic buying power was estimated to run just over $860 billion in 2007, an 8 percent increase from 2006. The Hispanic community buying power, fueled by immigration and population growth, will top all minority groups for purchasing power at almost $1. (PR Newswire)

    Twilight is the new breed of chick flick  Nov 26, 2008
    Big box-office girl-power flick better describes buying power of audience ... 7 million opening of "Sex and the City" studios ought to take notice of women's continued ticket-buying power, said Paul Dergarabedian of box-office tracking firm Media By Numbers. (MSNBC -- News)

    More working Canadians using food banks: study  Nov 26, 2008
    The rich want to keep their money, sure they buy, but at the same time their buying power causes them to get the 'better' deals and benefits on almost any goods. In other words what happens is when the rich buy they are looked upon as a possible future purchase, the poorer person is looked on as less likely to make a future purchase so the store/service is more likely to give a better deal to the rich person. (CTV.ca)

    Another $700 billion?  Nov 25, 2008
    As a result, he said, "there's not enough buying power in the economy," forcing the government to step in as "the spender of last resort.". In an interview, Schumer said the nation is on the brink of the same kind of deflationary spiral that pushed down prices, closed businesses and obliterated jobs during the Great Depression. (The Drudge Report)

    Aarons's expands to Dowagiac  Nov 25, 2008
    "I'm excited because we can be competitive now with retail, where before we couldn't. That's one of the big reasons we converted over. They have their own warehouses. Instead of us going and buying three or four TVs at a time, we have a warehouse with tons of them. People want name brands, and we didn't have a lot of buying power, like we do now with Aaron's. It has a really good, structured system and is continuously growing and opening new stores. A lot of independent rent-to-own owners are... (Niles Star, MI)

    Expect changes in holiday shopping  Nov 25, 2008
    Returns stage a comebackWhile shoppers like Garcia may lament their declining buying power, retailers' consumer-wooing strategies could make gift-buying easier. A recent retail federation survey of 82 large retailers found holiday return policies are looser than in years past. (Fresno Bee -- Local)

    New PMC worker benefits  Nov 25, 2008
    Kathy wrote on Nov 24, 2008 4:38 PM:" Just another example of the way things are run in this county. You are never given the truth before a decision has been made. The Hospital Administration sent out an e-mail to all employees about a week before the CBO was voted on stating in essence that things were not in place in time to see the benefits package before the vote took place and were assured that the benefits would be comparable or better. Now that the CBO passed, the benefits package was... (Pocatello Idaho State Journal, ID)

    Gas powers most of government's flex-fuel vehicles  Nov 24, 2008
    In 1992, just after the Persian Gulf War, Congress passed the Energy Policy Act, hoping to harness the government's buying power to spark a green vehicle revolution. Agencies were required to buy alternative-fuel vehicles for 75 percent of their light-duty fleets: cars, trucks, and vans that weigh less than 8,500 pounds. (Boston Globe)

    Park turns to private donations  Nov 24, 2008
    But our buying power is still shrinking, said Chas Cartwright, superintendent at Glacier National Park. Today's full-time employee can cost well over 70,000 a year, once you add salary and benefits and benefits alone can eat up 50 percent or more of that total. (Missoulian, MT)

    * Voucher scheme is a fair first move  Nov 23, 2008
    This would leave them with more funds and minimize bad debt while also increasing their buying power. The government could give more thought to this and come up with more innovative ideas. (Taipei Times, Taiwan -- World)

    Defensive stocks will be hard to find if deflation takes hold  Nov 22, 2008
    Given that wage settlements lag CPI, employees will enjoy a boost to their buying power from a rise in disposable income even more so for borrowers whose interest costs have been cut by this month s 1. 5 percentage point reduction in UK base rates. (Times Online)

    How to make smarter storage purchasing decisions  Nov 22, 2008
    " Another way to waste money, is if you're trying to dedupe data created automatically by the computer, such as pictures and audio files, medical imaging and seismic data, Preston said. Administrators should test everything relevant before buying a data dedupe device. That includes the dedupe ratios on your data with your retention settings. Preston also recommended testing aggregate and single-stream performance, replication, dedupe speed (if using post-process) and how it handles problems,... (Search Storage)

    comScore Media Metrix Ranks Top 50 U.S. Web Properties for October 2008  Nov 21, 2008
    comScore Media Metrix provides industry-leading Internet audience measurement services that report details of online media usage, visitor demographics and online buying power for the home, work and university audiences across local U.S. markets and across the globe. comScore Media Metrix reports are used by financial analysts, advertising agencies, publishers and marketers. (PR Newswire)

    Enhance or diminish?: Tractor Supply Company one step closer  Nov 21, 2008
    "Through aggressive predatory retail practices and overwhelming buying power, a national chain like Tractor Supply Company can put the local retailer at a distinct financial disadvantage and ultimately threaten their livelihood," said Licht. "The survival and success of northern Dutchess community businesses should be seriously considered when community planners consider the addition of a 'big box' store to the local area," he continued. (Rhinebeck Gazette Advertiser, NY)

    E-tailer SkyBox-USA.com Bucks the Economic Trend by Raking in the Bucks from Customers with Online Revenues Growing 108% Third Quarter 2008  Nov 21, 2008
    When asked about how sales for fourth quarter 2008 look so far, Myers noted, "October net sales exceeded December, 2007 and Q4 overall is shaping up to be very, very strong. Our customers are clearly voting with their wallets. The price reduction on thousands of products is driving sales and our buying power is allowing us to achieve these savings without compromising margin.". For additional information on the news that is the subject of this release, contact Kimberly Lee or visit. (Yahoo News -- Press Releases)

    State draws up small biz health plan  Nov 21, 2008
    This would create a virtual marketplace where small businesses can leverage the collective buying power of employees, Timberlake said. The state would serve as the host of the virtual marketplace and run a bidding process with any organization that wanted to offer health insurance to this market. (Milwaukee Business Journal, WI)

    Obama Taps Tom Daschle For Cabinet Post  Nov 20, 2008
    One example: Years of funding that didn't keep up with inflation means the National Institutes of Health has lost 14 percent of its buying power, said Dr. Harold Varmus, NIH's former director and a science adviser to Obama's campaign. That has left promising disease research without money to move forward. (CBS News)

    Is deflation good for workers?  Nov 20, 2008
    Buying power increased, which benefits workers even as it hurts companies ... If prices were to be 1% lower than expected, that would be equivalent to $60 billion in additional buying power. (Yahoo News)

    So much for inflatiion  Nov 20, 2008
    A little bit of deflation could be helpful because it's a backdoor way of increasing consumers' buying power and may encourage them to resume spending as the credit markets return to health. On the other hand -- and there's always another hand in economics -- it may encourage consumers, at least those of them with cash and credit, to hold off purchases in anticipation that prices will fall further. (Scripps Howard News Wire)

    China's car makers ask for help  Nov 20, 2008
    "The government should boost the economy by strengthening people's buying power and cut taxes to encourage spending.". So far there is no sign of an all-out industry campaign in China for a bailout on the scale sought by Detroit's big three vehicle makers: General Motors, Ford Motor and Chrysler. (Business Report, South Africa)

    India's New Rural Roads Keep Growth `Kicking Along' During World Recession  Nov 19, 2008
    Buying power is coming,'' said , head of India operations for Volkswagen AG, which is building a 580 million euro ($730 million) car factory in the western Indian city of Pune. We are optimistic and happy to be here. (Bloomberg)

    Patrick Industries, Inc. Announces Third Quarter 2008 Financial Results  Nov 18, 2008
    Hassler concluded, "While it may take some time before full consumer confidence is restored to the markets and industries in which Patrick operates, we believe we are well-positioned for the long-term to take advantage of current market conditions and improve our market share through our buying power, national coverage, full product offerings and excellent service.". Nine Months Consolidated Results. (PR Newswire)

    Shielding the world from folly  Nov 18, 2008
    And if you are one of those people who write to me and say that I am just a stupid guy with bad breath, poor posture, and minimal social skills, I can only say "Touche!" but one of the few things I do know is that an increase in the money supply means that there will be an increase in consumer prices as all those additional dollars end up bidding for things in one marketplace or another, thus driving up their prices, and pretty soon the prices of food and energy and housing and everything else... (Asia Times Online)

    Brazil's middle-class dreams on hold  Nov 17, 2008
    From forests of new condominium towers on the beach-side outskirts of Rio de Janeiro to monstrous traffic jams in the financial capital of Sao Paulo, credit-fuelled buying power has transformed Latin America's biggest economy. Millions have risen from poverty under the six-year-old administration of President Luiz Inacio Lula da Silva, helped by social programs and a global commodities boom that helped turn Brazil into an export powerhouse. (Globe and Mail -- Business)

    Shaking down a gas price follower  Nov 16, 2008
    Patrick wrote on Nov 12, 2008 7:42 PM:" Thank you Mr. Harlan for this well written and to the point letter. As someone who works in a small business, I understand the struggle to stay competitive on goods that the big boys have such buying power. What people also need to know is that it is the small businesses like you who keep America running, while the large corporations get greedy and go bankrupt. Thanks again for staying sensible on this issue, and I look forward to bringing my purchases to... (Sierra Vista Herald, AZ)

    The Spy Place Sees Opportunity in Franchising  Nov 15, 2008
    Because we have the combined buying power of a franchise system, we have already arranged for The Spy Place franchise owners to receive preferred pricing from our approved vendors. Relationships have also been built with national lending and leasing Institutions, to allow for E-Z financing. (Yahoo News -- Press Releases)

    South Africa: A Black Diamond Booster  Nov 14, 2008
    THE term black diamond was coined in 2005 by the UCT Unilever Institute and TNS Research Surveys to describe SA's black middle class after a survey highlighted the increasing buying power of this emerging market. In 2005 UCT Unilever reported that there were about 2-million black diamonds, which increased to 2,6-million in 2006 - a 30% increase. (allAfrica.com)

    Developer presents cottage housing concept  Nov 14, 2008
    Easton only has 3 percent affordable housing and according to the report, Today most homes in Easton exceed the buying power of moderate and median income families. We need more diverse forms of housing, Mirrione said. (Easton Journal, MA)

    Think Blue to keep Green ( part 1 of 4)  Nov 13, 2008
    In fact, the Navy uses its buying power to encourage recycling through the Green Procurement Program (GPP). Green Procurement is the policy and practice of purchasing products made with recycled materials instead of virgin materials. (The Dolphin, CT)

    Heitman fund sues local investors  Nov 12, 2008
    The Heitman Value Partners fund, formed in 2003, had a total buying power of $350 million, including leverage, according to a news release issued at the time. The condo conversion program is still under way, according to the Web site for the property. (Crain's Chicago Business)

    China's Path to World Power  Nov 12, 2008
    At least not and maintain the buying power of a dollar ... However, the value of the job has been lowered due to less buying power. (Townhall.com)

    Gas prices drop below $2 per gallon in Missoula  Nov 12, 2008
    The weak dollar is driving down the value of other currencies, giving Americans more buying power. The falling price also means that there's less demand for gasoline. (Missoulian, MT)

    Cause of power hikes disputed  Nov 9, 2008
    The rush to sell power to Pennsylvanians eventually subsided as those companies disappeared or withdrew from the state, and most of us simply went back to buying power from the local utility, whose bills never stopped coming. Power companies say that the upcoming price bubble is a result of the rising costs of fossil fuels used to generate electricity. (Carlisle Sentinel, PA)

    Wal-Marts Ms Club store targets Hispanics  Nov 8, 2008
    The Selig Center for Economic Growth at the University of Georgia said in a report last year that the buying power of Hispanics exceeded $860 billion, up from $212 billion in 1990. That figure is expected to reach more than $1. (The Packer, KS)

    Economist: Hawaii not in a recession yet  Nov 7, 2008
    In his report, chief economist Paul Brewbaker adjusted downward his forecast for employment and inflation-adjusted personal income for the rest of the year, concluding that more people will lose their jobs and buying power will decline well into 2009. Brewbaker s latest outlook also nearly doubles the percentage drop in visitor arrivals for the year. (Pacific Business News, HI)

    Sleeping through wakeup calls  Nov 7, 2008
    $500 a year will boost her buying power by $1. 37 a day. (Atlanta Journal-Constitution)

    School lunch is revisited  Nov 7, 2008
    To save money on the food products themselves, Cohasset has joined the Education Cooperative (TEC) and now has cooperative buying power with other area schools thereby lowering the prices of certain food items. We buying better food and getting better prices, said Levy. (Cohasset Mariner, MA)

    Fewer Canadians buy U.S. homes as currency weakens  Nov 7, 2008
    That's reduced the buying power of Canadians and made U.S. homes less appealing to them despite much lower prices brought on by the USA's foreclosure crisis. At the same time, fewer U.S. lenders are doing home loans for foreign buyers, and some are requiring heftier down payments. (USA Today -- Money)

    They come, they look and they leave as buyers beware  Nov 7, 2008
    Michael Buxton, associate professor of environment and planning at RMIT, says the buying power of first home buyers will not materially improve. "What happened last time the Government provided a very substantial first-home grant was that very quickly that subsidy was added to the price of the new house and land package," he said. (Sydney Morning Herald -- Business)

    No comments posted.  Nov 6, 2008
    The lack of transit options has left too many Arizonans stranded as gas prices rise and buying power falls. Despite these serious problems, leaders in both of our major political parties have failed to take serious action on transportation policy that will help reduce our dependence on oil and alleviate the pocketbooks of the Arizonans. (Benson San Pedro Valley News Sun, AZ)

    Stability versus stupidity  Nov 5, 2008
    The dollar goes to (in the original Spanish) El Grande Squatto Mundo because Mishkin and his brain-dead econometric cronies at the Fed and most of the nation's universities keep encouraging interest rates to be constantly lower than the rate of inflation, which increases borrowing, which further inflates the money supply, which makes the prices of the assets go up a lot, and the prices of everything else to drift upward, too, in response to all of this new money and credit; so when gold goes up... (Asia Times Online)

    Election: Discuss tonight's election  Nov 5, 2008
    FoolMeTwiceConservative wrote on Nov 4, 2008 10:38 PM:" brsterly, Bush2 snuck up BEHIND you honey, and picked your 401 pocket, dropped your dollars buying power 40%+and put the stock market BACK where it was when he was selected by an Activist Supreme Court, embarrassed us in the world and mired us IN two WARS-ONE an optional personal VENDETTA/ NO WMD's that has killed 4500 Americans. No Kiss baby. I like to be kissed when somebody does that to me, particulary when I am paying for it. ". Tim... (DeKalb Daily Chronicle, IL)

    Xcel will lower electricity rates  Nov 5, 2008
    The three filings concern riders on monthly bills to pay for the cost of air quality improvement efforts, buying power on the open market, and the cost of building and using transmission lines. Overall, the three filings will lower typical monthly bills by 21 cents per month for residential customers and 42 cents for small-business customers, the utility said. (Denver Business Journal, CO)

    Toronto's Best Hotspots For Free Sa...  Nov 5, 2008
    These wage earners represent significant buying power to potentially spend on the products being promoted. Top Downtown Toronto Freebie Sites. (Suite101.com)

    Flight Centre warns on earnings  Nov 3, 2008
    Mr O'Brien said that although the Australian dollar was weaker, it still had considerable buying power in some key international markets for outbound tourism, including Thailand, Fiji, Bali and New Zealand. The fall in the value of the Australian dollar also had a positive impact on inbound tourism numbers. (Sydney Morning Herald -- Business)

    Flight Centre profit target in doubt amid global crisis  Nov 3, 2008
    Mr O'Brien said that in relation to outbound tourism, the Australian dollar still had considerable buying power in some key international markets including Thailand, Fiji, Bali and New Zealand. The fall in the value of the Australian dollar also had a positive impact on inbound tourism numbers, though this impact was not yet evident, he said. (The Australian)

    Vote yes on transportation bond to strengthen Alaska  Nov 2, 2008
    Our leaders understand that the buying power of these programs has been eroded by inflation and a reduction of federal spending. Supplementing federal funds with this bond will help reestablish funding levels of the recent past. (Anchorage Daily News)

    Gold, faithand credit  Nov 1, 2008
    ", I thought to myself! However, this is not about what you can and can't say to children, as it turns out, but about education; and for some reason, John Embry of Sprott Asset Management has never earned his Junior Mogambo Ranger (JMR) merit badge in "Mogambo Educational Initiatives (MEI)", and thus is also shocked and appalled at my teaching methods designed to make sure that little kids grow up having the correct information about the true nature of the Federal Reserve and the government.... (Asia Times Online)

    Stocks Rise, Led by Travel, Retail Companies as Oil Falls; Ryanair Climbs  Nov 1, 2008
    The decline of oil ``is positive for the buying power of households,'' , a fund manager at Edmond de Rothschild Multi Management in Paris, which oversees $4. 2 billion, said in a Bloomberg Television interview. (Bloomberg -- UK)

    Overseas travel hits new highs for now  Nov 1, 2008
    Now its buying power has shrunk by one-third, and holidays that had been good value are becoming less affordable by the week. Take Japan. (The Age, Australia)

    Weakening rupiah  Nov 1, 2008
    But the plan to decrease the fuel price will help people increase their buying power. The micro-economy of this country must be reevaluated to strengthen our fundamental economy. (Jakarta Post, Indonesia -- Editorial)

    Minority outreach on the rise  Oct 31, 2008
    The buying power of blacks, Asians, Hispanics and American Indians was projected at more than $54 billion in Pennsylvania this year and is projected to hit nearly $70 billion by 2012, the Selig Center for Economic Growth at the University of Georgia said. If they are the fastest-growing segment, coupled with the fastest-growing population, they need to be viable, they need to be competitive, you can t ignore them, Langston said of the growth of minority companies and population. (Philadelphia Business Journal, PA)

    Coast Wholesale Appliances Enters Ontario Market  Oct 31, 2008
    We look forward to building on Morley's excellent reputation and customer base in Ontario (Canada Newswire)

    Rogge: IOC finances solid ahead of 2nd term  Oct 31, 2008
    But definitely there is a possibility that because of a loss of buying power there will be fewer people at the venues. It would be naive and shortsighted to say that nothing will happen. (San Diego Union-Tribune -- Sports)

    CD stores suffer death by download  Oct 31, 2008
    Along with downloads eating into retail sales, Lehne points to the buying power of big-chain CD retailers and the struggling Australian dollar for his decision to sell his business (the online store will continue. . (Sydney Morning Herald -- Technology)

    Nineteen Online Marketing Steps for (Almost) Instant Success  Oct 31, 2008
    Know Who Your High-Rollers Are: Identify segments that exhibit disproportionate buying power and start marketing to those groups immediately. Never Say Never: Feature new and top-selling products, through 'null search results. (SmallBusinessComputing)

    IOC prez Rogge formally bids for second term  Oct 31, 2008
    "Things are changing so fast. But definitely there is a possibility that because of a loss of buying power there will be fewer people at the venues. "It would be naive and shortsighted to say that nothing will happen. Yes, the situation is so volatile that it is too soon to draw conclusions. (SportsIllustrated.CNN -- More)

    Neocons have learned nothing  Oct 31, 2008
    I know you will argue the bigger/best/ more buying power should survive, but what about their lives and families ... I know you will argue the bigger/best/ more buying power should survive, but what about their lives and families. (Atlanta Journal-Constitution)

    QTrade retains crown  Oct 30, 2008
    Serious traders would also appreciate real-time updates of the buying power in their accounts. 7. (Globe and Mail)

    The non-union union IT might accept  Oct 30, 2008
    "Our large membership base will have buying power, lobbying power, and a united voice, but we are not going to go into a workplace and try to strong-arm employers." For example, the IITW would contact attorneys that can review contracts, noncompete clauses, and nondisclosure agreements to ensure that IT workers are treated fairly both when hired and when working on individual projects. Scott Chancer, an independent consultant focused on IT business practice management and software services,... (InfoWorld)

    'Sassy' Elisabeth Hasselbeck believes in Maverick Sarah Palin  Oct 29, 2008
    It did lead to a boom, but in the end, the average consumer had no new buying power. Basically, they tried to stimulate the economy from the supply end. (Entertainment Weekly)

    Sam's seeks to give Hispanics mas for their money  Oct 29, 2008
    Burgeoning buying power ... Last year, Hispanics had a buying power of $862 billion. (Houston Chronicle)

    Cash is king for inflation-hit investors  Oct 29, 2008
    This may not mean higher buying power vested with Indian households, but higher inflation has eaten into peoples buying power forcing them to hold more cash as inflation has crossed the double-digit levels -the highest in a decade. Cash with the public tends to be higher during festivals and even periods prior to large elections. (India Times)

    Clinton launches low-cost Aids drugs  Oct 29, 2008
    The former US president Bill Clinton said today that the new charges on airline tickets, pioneered by France, meant his Clinton Foundation HIV/Aids Initiative had the buying power to negotiate with drug companies for big discounts. This year the foundation will receive $350m (179m), most of it from an airline ticket tax France began collecting this summer. (Yahoo News -- Bill Clinton)

    With little urge to splurge, shoppers dream of a tight Christmas  Oct 29, 2008
    "Retailers are being squeezed on two sides. Consumers are hesitant to spend which is hitting their bottom line, and at the same time retailers are paying more for their products because of the reduced buying power of the Australian dollar," she said. The survey findings were fairly consistent across the five capital cities, with respondents in Sydney showing a slightly higher inclination than the national average to either put the money towards the mortgage or in the bank. (Sydney Morning Herald -- Australia)

    Punters may save much of Rudd's $10.4b splurge  Oct 29, 2008
    Consumers are hesitant to spend which is hitting the bottom line, and at the same time retailers are paying more for their product because of the reduced buying power of the Australian dollar. . (The Age)

    Be Careful What You Wish For  Oct 28, 2008
    I will take steps to insure that the value of the dollar begins to rise to appropriate levels and will achieve increases in our buying power in Europe by 25% by November 1st. 3. (Townhall.com)

    Chavez's Ambitions in Venezuela, Abroad May Collapse Along With Oil Prices  Oct 28, 2008
    Economists say the biggest concern is a currency devaluation, which would reduce Venezuelans' buying power, pushing many people who have joined the growing middle class into poverty. The government is expected to devalue the official exchange rate 26 percent to 2. (Bloomberg)

    Cte d'Ivoire: 'Alarming' Malnutrition in North  Oct 26, 2008
    "Farmers are getting extremely low prices for cashews and this is yet another factor severely cutting people's buying power," Berner said. Disease is wiping out livestock in the north, which cuts productivity as people use oxen to farm, he said. (allAfrica.com)

    LETTER: Politicians benefit from higher taxes  Oct 25, 2008
    Mike P wrote on Oct 23, 2008 3:45 PM:" McCain made the wannabe plumber an issue in a debate televised to millions, world wide. Avoiding this exact thing, is why fact checks are usually done prior. Joe could have been a skin head or much worse than a republican, they out him as their example. Most higher brackets are going to result in less taxes than they did in clintons administration. Bracket limits have been raised substancially. Higher limits at the lower bracket percentages, give bigger... (Mattoon Journal-Gazette, IL)

    More of this story  Oct 25, 2008
    Now the consequences have hit us and our lack of buying power is shutting down industries all over the world. And they are mad as all get out at us, because we let it happen. (Searcy Daily Citizen, AR)

    An absent rebellion  Oct 24, 2008
    As a result of the latest failure of a fiat money that has resulted in ruination, just like all the other experiments with a fiat money have ended in failure for the last 2,000 years, the S&P 500 is now down to where it was in 1997, which is 11 long years ago, which means that everybody who bought the shares of the S&P500 since 1997 has lost money both in nominal terms (since the price of the shares has gone down), but also more in real, inflation-adjusted terms, because in the meantime the US... (Asia Times Online)

    Koebke challenges Jorgensen in 37th  Oct 24, 2008
    He said most of his conversations with the public have centered around the economy, and basically their buying power. They are seeing their buying power going down due to gas prices, the economy and health care, and they are looking to the government to hold the line on things so they don't lose the ability to buy the things they need and live the way they have been used to, he said. (Watertown Daily Times, WI)

    Single workers miss a place on the PM's lifeboat  Oct 24, 2008
    With the market benefiting from this additional buying power, these economic forces will push housing prices even higher, strangling Rudd's affordable housing credentials. Pensioners must understand that these same forces will soak up their handout, too. (Sydney Morning Herald -- Business)

    Iceland, Costa Rica, S. Africa are bargains as currencies fall  Oct 24, 2008
    By Barbara De Lollis, USA TODAY The greenback is making a comeback in many countries, boosting buying power for Americans who still have discretionary income and an urge to travel. Currencies around the globe such as the South African rand, Icelandic krona and Korean won have fallen sharply vs. the American dollar in recent weeks. (USA Today)

    A little thing called inflation  Oct 23, 2008
    And this worthlessness of the dollar - which is manifested in its buying power - means, if you have been paying attention, inflation in prices. But you would never know it from a Barron's interview with Jeremy Grantham, chairman of GMO, which is apparently an investment management company that I don't know anything about other than it says it has "a value framework combining quantitative and fundamental analysis", whatever in the hell that is, with which they keep an eye on $120 billion in... (Asia Times Online)

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