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Consumers Not Buying... Um, Anything
 Consumers 
 Not Buying... 
 Um, Anything 
ANALYSIS
Nov 12, 2008 10:16 AM CST

Consumers Not Buying... Um, Anything

Worried Americans scaling back spending, saving more—bad news for retailers

(Newser) - The US consumer has “gone from being the world economy’s greatest strength to its Achilles’ heel,” writes David Leonhardt in the New York Times. Just as Wall Street’s turmoil begins to calm, consumer spending—an economic mainstay—has gone into hiding, helping to accelerate General Motors’...

Little Guy 'Cries a Lot' as Market Hurts All Over

Investors seek options, others dip into savings for house payments

(Newser) - Wall Street’s crisis has prompted a variety of reactions in everyday lives as Americans rush to decide where to put their faith and their dollars—and try to avoid the pain, the Wall Street Journal reports. Some are pulling their money out of the markets as conditions worsen, while...

Feds Search for WaMu Buyer
 Feds Search for WaMu Buyer 
Sep 17, 2008 1:06 PM CDT

Feds Search for WaMu Buyer

Falling share price stokes worries of a bank run

(Newser) - Washington Mutual, America's largest savings and loan, may be the next big financial institution to fail, the New York Post reports. Fearing a run on the struggling bank, federal regulators placed calls yesterday gauging interest in a WaMu buyout to Wells Fargo, JP Morgan Chase, HSBC, and others, but no...

These Days, Local Banks Look Good
These Days, Local Banks Look Good
OPINION
Jul 19, 2008 10:35 AM CDT

These Days, Local Banks Look Good

Your community banker cares, and may even have good deals

(Newser) - Community banks may seem like quaint relics to those who prefer banking online, but IndyMac's meltdown should have us thinking differently, Ron Lieber writes in the New York Times. Lieber visited a bank in small-town Maryland, and found a friendly, gray-haired manager who gives banking a personal touch. “If...

Buy Our Minivan, Give Your College Fund a Boost: VW

$1,500 incentive offered with purchase of Routan model

(Newser) - Volkswagen is offering an innovative incentive to parents to buy their Chrysler-built Routan minivan: $1,500 in a college savings plan, Left Lane News reports. The partnership with Upromise might pale to those with more pressing concerns (or who hate planning ahead), though: Chrysler itself is offering a credit card...

Will Tax Rebates Boost Economy? Test Starts Today

The government has begun sending out the first cash

(Newser) - The first tax rebates designed to kick-start the economy should begin arriving in bank accounts today. The Treasury Department has begun sending electronic rebates to nearly 8 million people by the end of this week, and some 130 million checks will go out via snail mail in May. President Bush...

Personal Spending Slows to a Crawl in February

Inflation cooling, but consumer confidence is down

(Newser) - Personal spending—a major force in the health of the economy— rose just 0.1% in February, its smallest increase in 16 months, the Wall Street Journal reports. The increase, which actually beat analysts' estimate of a 0.1% decrease, came despite a bump in personal income and signs that...

Gen Xers Aren't Saving for Retirement

Too many still living paycheck to paycheck, one expert warns

(Newser) - Aging Gen Xers are too saddled with costs and debt to save for retirement, MSNBC reports. In fact, 62% of Gen Xers—those born roughly from 1965 to 1980—said they still live paycheck to paycheck, according to a Charles Schwab survey. And they’re headed for trouble: The fund...

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