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That sucking sound you’ve been hearing all this last year actually was a recession :: It’s official: “The committee identified December 2007 as the peak month, after determining that the subsequent decline in economic activity was large enough to qualify as a recession.”
And while you’re fixing the economy and the war and just about everything else, don’t forget the FDA :: It turns out that melamine in infant formula is safe as long as the product is American-made: “The zero-tolerance position lasted only as long as Chinese products were the issue. When U.S. manufacturers’ products came under scrutiny, agency officials scrambled to set out a new position.”
That’s 41 billion with a B :: Folks spend $41 billion this four-day weekend, not counting J.C. Penneys, according to the National Retail Federation, but it looks like people are mainly after deals: “Another indication of the economy’s impact: the NRF said that of the 73.6 million people who shopped in stores and online Friday, 23.3% were at it before 5 a.m., when many merchants offered huge discounts on selected items. More than half of shoppers, 57.6%, were in stores and online by 9 a.m.”
But, good news, small Web retailers are better positioned at . . . giving away the store! :: “We think it’ll spark a major feeding frenzy. Our margins are going to take a hit, but at this point, we just need volume.” Giving away the store is always the wrong strategy, even in a recession.

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