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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (443815)	1/1/2009 4:24:26 PM
From: combjelly	3 Recommendations Read Replies (3) \| Respond to of 1573073

"Who wants to identify with these guys?" You mean other than the wingnuts? That is precisely the corner they are painting themselves into. If they keep on the same path they've been walking since the election they will have kissed off independents. And without them, they are not a credible 2nd party.

To: Road Walker who wrote (443815)	1/1/2009 4:39:50 PM
From: tejek	Read Replies (1) \| Respond to of 1573073

Piggy banks fly off shelves in freshly frugal U.S. Wed Dec 31, 2008 2:34pm EST By Alister Bull WASHINGTON (Reuters) - Recession-wary Americans embraced the virtues of thrift this Christmas, with stores reporting a clear rise in the popularity of piggy banks. "We have been selling coin banks really well," said Laura Kellner at Kikkerland Design Inc. in New York City, whose stylish chrome pig is priced at $31. U.S. savings levels have increased markedly in recent months as households adjust to a yearlong recession and the worst financial crisis since the Great Depression. The downturn has shattered house prices and the value of retirement accounts which, in turn, has reinforced the necessity to systematically put funds aside for the future. Retailers said this translated neatly into a gift that captured the spirit of the times. "We definitely noticed a trend with the piggy banks," said Erin Mara at Homebody, a design store in the Capitol Hill neighborhood of Washington, DC. "People were very upfront about the need to save...the pig is very symbolic of that sentiment," she said. Personal saving as a proportion of U.S. disposable income rose to 2.8 percent in November compared with zero back in April, but remain well below the 10 percent range it occupied back in the early 1980s. In fact, the shift from consumption to saving will be a crucial factor in determining the pace of the country's economic recovery, which many economists see gradually taking shape in the second half of next year. If shock over the housing and stock market's losses sends the savings rate all the way back to the 11.2 percent notched in 1982, after the United States had endured two painful back-to-back recessions, it will prolong the current downturn. That would also illustrate what the influential British economist John Maynard Keynes called the 'paradox of thrift'. This described how the personal virtue of saving for the future becomes a collective ill if everyone does it at the same time, causing domestic demand to collapse and hurting everyone's savings because this slows the entire economy. reuters.com