CONSUMERS

→ Show Results From: All | Business | Entertainment | U.S. News

Answer Desk: A new ‘normal’

With the economy showing early signs of stabilizing, it's time to start wondering: What is the 'new normal' economy going to look like?

Falling prices could bring a nasty hangover

Call it one of the recession's silver linings — with each passing day, the purchasing power of each consumer dollar is getting stronger.

Oracle-Sun deal wouldn't change much for consumers

Oracle Corp.'s $7.4 billion acquisition of Sun Microsystems Inc. would have minimal impact on technologies that most consumers notice.

What's hot at the pawnshop

It's not your father's pawnshop anymore.

Mortgage rates likely to sink on Fed actions

If you've got a good job, solid credit and your home's value hasn't fallen dramatically, you're likely to benefit from the Federal Reserve's extraordinary action Wednesday to help drive mortgage rates to historic lows and revive the U.S. housing market.

Survey: Americans' low insurance IQ hurts finances

Americans are lacking in basic knowledge about insurance that might help their finances during the recession, according to a new survey.

Gov-Bank? Not quite

The U.S. government may be tightening its grip on the banking system, but don't expect it to change your branch's hours, tack fees onto your account or overhaul your bank's Web site.

Supermarkets urged to notify individual customers

Supermarkets should use their discount card programs that track customers' shopping habits to prevent illness by alerting people who have bought tainted foods, a leading consumer group urged Tuesday.

India, China can't compensate for lost US spending

They were supposed to keep the good times going: Prakash Shetty, caught recently thumbing through "Singh is King" DVDs at a mall in India, and Zhu Xiaolin, who enjoys cute Adidas sportswear and Body Shop cosmetics in China.

Economic downturn picking up speed

The latest economic data provide mounting evidence that the collapse of the housing market and turmoil in financial markets have tipped the U.S. economy into recession. The question now on the minds of consumers, business owners and politicians: How deep is it going to be, and how long is it going to last?

Bank consolidations raise specter of higher fees

The sale of Wachovia's deposits and other assets to Citigroup on Monday leaves the nation with three superbanks, reshaping the U.S. banking landscape in the midst of unprecedented financial upheaval.

Consumers change buying habits, but will it last?

Adrienne Radtke plans to keep riding her bike to work even if gas prices drop. Steve Pizzini got rid of his Cadillac Escalade in favor of a 16-year-old Acura and doesn't expect to have another gas-guzzler.

Consumers being squeezed from two sides

Despite the heavy headwinds of higher prices for food and gasoline, falling home prices and worries about losing their jobs, most American consumers are still finding a way to pay the bills. But as economists, business executives and government officials try to figure out where the economy is headed, they’re also wondering: How long can consumers keep this up?

Taking shopping habits to the extreme

“It’s just a different way of thinking.”Michelle MacKenzie was talking about the switch from shopping at Target or Safeway to buying clothes and toys at the thrift store and food at the farmer’s market. But the eco-conscious mother of two might as well have been talking about buying only American-made products, or eating only locally grown food, or deciding to buy as little as possible. Or she could have been speaking for anyone who has decided, for one reason or another, to put her money where her mouth is.

ConsumerMan: No such thing as a free HDTV

Let’s be honest. We all like to get something for nothing. Whether it’s a complimentary dessert or a hotel room upgrade – free is a darn good price.

Data look mild, but feeling is gloomy

House prices are falling, food and energy prices are rising and consumers are gloomier than they’ve been in decades. But the latest data on the U.S. economy shows it still has a feeble pulse.

Joint Sprint, Clearwire network could boost consumer power

Sprint Nextel Corp. has finally rounded up the financial backing it needs to build a faster wireless network. But for consumers and the electronics industry, speed may be the least important thing about the new network.

Pushed by higher prices, immigrants stocking up on rice

Shoppers surveyed shelves loaded with rice at the Ranch 99 Asian supermarket, chatting in languages from Mandarin to Portuguese as they hunted for their favorite varieties, checked brand names and compared prices before heaving 50-pound bags into their carts.

With gas hitting record highs, drivers feeling squeezed

Cabbies here complain their take-home pay is thinner than it used to be. Trucking companies across the country are making drivers slow down to conserve fuel. Filling station owners plead that really, really, the skyrocketing prices aren't their fault.

Microsoft-Yahoo Combo Could Reshape Web

A combination of Microsoft and Yahoo could reshape the Internet landscape for millions of Web users: Would the two companies join their online portals? Could they rethink the desktop computer to integrate Web content more directly?

Consumers at Heart of Stimulus Plan

The success of the federal $150 billion emergency economic stimulus plan will hinge on whether American consumers do what they do best — spend, spend, spend.

Cable TV: King of misleading come-ons

Most Americans are in cell phone jail

At any given time, most Americans are in cell phone jail.  

Senate Passes Bill Curtailing Credit Card Industry - washingtonpost.com
Source: The Washington Post

The Senate today overwhelmingly passed a bill that would sharply curtail credit card issuers' ability to raise interest rates and charge fees, taking a critical step in reforming an industry that has gone largely unregulated for decades.

Insurance and Warranties - Scam or Consumer Ripoff?

Some of this comes from deep rooted feelings I have had over the past 20 years or so. These feelings got pushed to the forefront the other day while discarding some packaging from a yard item my wife had purchased.

When 'Local' Makes It Big as in Buy Local
Source: The New York Times

WHEN Jessica Prentice, a food writer in the San Francisco Bay area, invented the term "locavore," she didn't have Lay's potato chips in mind.

Have you checked your 'price tolerance' lately?

By S. Yvon Harper The truth is with the U.S. dollar declining, economic stimulus packages galore, and questionable bailouts on the horizon we are all at the mercy of the economy. The impact is felt from the gas pump to the burger joint. Can you say 'recession'?

State Investigators Warn Parents of "Alcopops"
Source: actionnewsjax.com

They may look refreshing like a can of soda or an energy drink. But if you look closer, you may be surprised some drinks contains alcohol.

NYC Restaurants Now Charging for extras - like Bread & Water
Source: New York Post

Recession-hit restaurants are helping themselves to your wallet by serving you an extra side of super sneaky charges. The Post last week found city eateries subtly billing customers for things usually free...

Japanese consumers satisfied with Xbox 360
Source: destructoid.com

It's a well known fact that if you head over to Japan the chances of walking into a house with a 360 in it are far slimmer than in the states. However, sales aren't everything.

CSA (Community Shared Agriculture) : Buying the farm, bit by bit
Source: Toronto Star

The CSA model is designed to deepen the connection between people and their food.

CPI for March and what the numbers say.

The Bureau of Labor Statistics has released the March, 2009 Consumer Price Index. No doubt the headlines will reflect the +.2% increase from month to month, or the year over year decrease of -.4%.

U.S. Economy may recover much sooner than expected.
Source: CNBC Top News and Analysis

Several independent financial sector think tanks believe with good reason that the U.S. Economy may begin a turn around in the second quarter of 2009. That's right now!.

Class action lawsuits add costs - not savings for Joe The Plumber & Sally The Office Manager

Recently the AMA filed class action lawsuits against Aetna, Cigna and Welpoint for underpaying out of network claims. The AMA was also recently awarded $350m against United Healthcare for the same allegations.

FDA: Avoid Pistachios
Source: Yahoo! News

Still reeling from the national salmonella outbreak in peanuts, the Food and Drug Administration said central California-based Setton Pistachio of Terra Bella Inc., the nation's second-largest pistachio processor, was voluntarily recalling a portion of the roasted nuts it has bee …

Your $20 To Get America Moving

Let's try an experiment. You already know that consumer spending is a critical force in the health of our nation. In fact, it makes up an estimated 70 percent of the economy.

P&O; cruise ship Aurora threatened by revolt from angry passengers
Source: Guardian Unlimited

Angry passengers on a £200m cruise ship threatened to revolt, claiming they were "imprisoned" on the liner after stops at ports were cancelled to make up time spent on repairs.

Is The Time Right For Economic Patriotism?
Source: npr.org

Congress is considering legislation that would heavily tax bonuses paid to executives by companies that are receiving government assistance. But a lot of Americans wonder: Why don't these executives do what's right for the country and just give back the bonus money?

G20 marches begin week of protests
Source: Reuters

"Chanting "tax the rich, make them pay," protesters marched through London waving banners saying "People before Profit," at the start of a week of protests that reflected growing public anger over bankers' pay and their role in the crisis."

Personal spending rises in February
Source: CNN

Consumer spending rose in February, rebounding for the second month in row after falling for 6 straight months, according to government figures released Friday.

President Bush's First 100 Days In Office: A Consumer View
Source:

WASHINGTON, D.C. - George W. Bush will mark his 100th day as President of the United States on April 29. Consumers Union (CU) has looked at major actions by the Bush Administration to date that affected the consumer issues monitored by CU.

Submit Your Nominations For 2009 Worst Company In America Contest
Source: Consumerist

It's that time of year again, folks. Brackets, Brackets, Brackets. Please help us out by emailing your nominations to us a tips@consumerist.com. Put "WCIA" in your subject or your nomination will not count.

Check Scam: Cell Phone Cameras Being Used To Copy Your Checks at Checkout Counter
Source: wistv.com

...all, a team of scammers stole thousands of dollars from random bank accounts. "It's just very simple for them to do this," said Brothers.

Ann Pettifor: Like Somali Pirates, Wall Street Holds U.S. to Ransom
Source: The Huffington Post

Wall Street firms continue to hold US taxpayers hostage while demanding large ransoms are much like the Somali Pirates with one glaring difference.

National Consumer Protection Week 2009: Tools for Today's Economy
Source: Consumer.gov

Nuts and Bolts: Tools for Today's Economy – highlights consumer education efforts across the nation.

In the Banks' best Interest not Ours.

Banks around the world appear to be hemorrhaging. We're told that this is an unprecedented crisis and we must use public funds to "save the banks" and their related industries like credit card services.