It's Going To Be That Kind Of Week
(Monday Indicators • Economy)
Back to the ’50s – Government data coming out later this week probably will show U.S. consumer prices dropped on an annual basis for the first time since 1955, while home builders started fewer houses than any year before 1959, when people began tracking such things. – Bloomberg.com
More time, less $ – From coffee shops to machine shops, employers are trying to mitigate the effects of the downturn by reducing employees’ hours or overtime…For those who have had their hours sliced, however, there are adjustments. In Tacoma, Wash., waitress Kristen Olson has seen her hours at a local coffee shop cut from 35 hours a week to 20. Next month, she plans to move in with a roommate since she can’t afford rent by herself. And, she says, she either “sticks to happy hours” for dinner or makes a big pot of spaghetti that will last the week. – Christian Science Monitor
Is Beer Essential? Possible new Texas law on its way through the Austin Sausage Factory: “If an abnormal disruption of the market for any consumer good or service occurs in an area, a merchant or wholesaler may not sell or offer for sale an essential consumer good or service in the area for a price that is unconscionably excessive.” – 81st Texas Legislature
→ B.Dunn, Feb 16, 2009, 05 14 am
