Crisis forcing change in consumer behavior

SCOTTSDALE, Ariz.--Valuing thrift will be an important part of the solution to the current economic crisis, so it's reassuring to see that virtue lauded recently, according to one prominent business journalist.

But widespread adoption of the virtue requires commitment and a willingness to postpone gratification, traits not recently prized in the United States, according to Geoffrey Colvin, senior editor-at-large at Fortune and a regular CBS radio commentator. ... more

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Expert: Turmoil will be brought under control

SCOTTSDALE, Ariz.--The current economic crisis will be felt globally for up to the next two years, although there is reason for some optimism in the near term, according to one global economic expert.

"We are not going to suffer a Depression-style meltdown," although we are on the cusp of--or already experiencing--a recession of undetermined duration, said Michael Mandelbaum, professor at Johns Hopkins University in the Paul H. Nitze School of Advanced International Studies in Washington. ... more

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New challenges loom after successful year

SCOTTSDALE, Ariz.--David A. Sampson, president and chief executive officer of the Property Casualty Insurers Assn. of America, can point to several goals that have been met and victories that have been won by the organization over the past year.

Unfortunately, current events leave little time to savor recent successes. ... more

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