Fed rate cuts unlikely thanks spending by rich Americans

As baby boomers have aged, they have accumulated more assets leading to more discretionary spending. Since retiring two years ago, Joan Harris has upped her travel game.Once or twice a year, she visits her two adult children in different states. She’s planning multiple other trips, including to a science fiction convention in Scotland and a Disney cruise soon after that, along with a trip next year to neolithic sites in Great Britain.“I really have more money to spend now than when I was working,” said Harris, 64, an engineer who worked 29 years for the federal government and lives in Albuquerque, New Mexico.Back then, she and her now-ex-husband were paying for their children’s college educations and piling money into savings accounts. Now, she’s splurging a bit and, for the first time, is willing to pay for first-class plane tickets. She plans to fly business class to Scotland and has arranged for a higher-level suite on the cruise.“I suddenly realized, with my dad getting old and my mom dying, it’s like, ‘No, you can’t take it with you,’ ” she said. “I could become incapacitated to the point where I couldn’t enjoy something like going to Scotland or going on a cruise. So I better do it, right?”Older Americans like Harris are fueling a sustained boost to the U.S. economy. Benefiting from outsize gains in the stock and housing markets over the past several years, they are accounting for a larger share of consumer spending — the principal driver of economic growth — than... Continue reading at 'Fast Company'

[ Fast Company | 2024-04-29 13:22:05 UTC ]
News tagged with: #long term #michael brown #consumer confidence #key factor #science fiction

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Dolly Parton, fairy godmother of American literacy, is also the fairy godmother of American health.

We already love Dolly Parton, not just for her powerhouse songwriting and iconic hair but also for her championing of American literacy—her Imagination Library sends over 1 million free books per month (that’s one book every two seconds!) to children ages 0-5 in the United States, Canada, the... Continue reading at Literrary Hub

[ Literrary Hub | 2020-11-18 18:00:10 UTC ]
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Oxford American, one of the great lit mags of the American South, gets a facelift.

If you pick up the newest edition of Oxford American, the quarterly general-interest literary magazine founded in 1992 and best known for its annual Southern music issues, you’ll notice a bold design aesthetic: the conspicuous dearth of cover lines, a prominent masthead, a thick, granular... Continue reading at Literrary Hub

[ Literrary Hub | 2019-09-11 20:06:33 UTC ]
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Tattooist proves indelible at the top as The Cut Out Girl cuts in

Heather Morris’ The Tattooist of Auschwitz (Zaffre) has secured a fourth non-consecutive week in the UK Official Top 50 number one spot, selling 17,106 copies through Nielsen BookScan’s TCM—a bump of 11% in volume week on week. Continue reading at The Bookseller

[ The Bookseller | 2019-02-06 00:00:00 UTC ]
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Bonnier Books UK Names Brooke Perkins for ‘North American Expansion’

Brooke Perkins becomes Bonnier Books UK's 'specialty markets' lead for North America, after a similar post for Australia's Lake Press. The post Bonnier Books UK Names Brooke Perkins for ‘North American Expansion’ appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2024-11-21 20:22:42 UTC ]
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Sunday Express editor David Wooding departs Reach amid further job cuts

Wooding left as part of a move to dismantle the remaining dedicated Sunday Express editorial team to create a seven-day operationThe Sunday Express editor, David Wooding, has become the latest top editorial executive to depart Reach, as the national and regional newspaper publisher embarks on... Continue reading at The Guardian

[ The Guardian | 2024-11-16 14:19:24 UTC ]
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From Classroom to Conference: Insights from the American Literary Translators Association Meeting in Milwaukee, by Daria Shchukina

From Classroom to Conference: Insights from the American Literary Translators Association Meeting in Milwaukee, by Daria Shchukina From the Road [email protected] Wed, 11/13/2024 - 13:36 Photo by Daria ShchukinaUniversity of Oklahoma student Daria... Continue reading at World Literature Today

[ World Literature Today | 2024-11-13 19:36:48 UTC ]
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Historical Fiction for Native American Heritage Month

Which historical fiction novel featuring Native Americans are you picking up this month? Continue reading at Book Riot

[ Book Riot | 2024-11-13 11:00:00 UTC ]
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‘No Americans putting on bad Belfast accents!’ How Disney drama Say Nothing brings the Troubles to life

A new series is stepping into the fraught territory of Northern Ireland in the 70s by telling the real-life story of a woman abducted by the IRA. Its creators talk about truth, reconciliation and trying to depict both sides of the conflict“To be honest, I’d always thought of the Troubles as a... Continue reading at The Guardian

[ The Guardian | 2024-11-12 11:00:55 UTC ]
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Here’s how the American press can survive four years of Trump | Margaret Sullivan

The media will be under siege, but former Washington Post editor Marty Baron has some ideas for what journalists can doEverything we know about the next US president suggests that the press in America will be under siege in the next four years as never before.After all, Donald Trump has... Continue reading at The Guardian

[ The Guardian | 2024-11-07 17:33:15 UTC ]
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Texas Library Re-Classifies Nonfiction Native American History Book as Fiction: Book Censorship News, November 1, 2024

"We know from history that a way you control a nation is by controlling what its citizens read" — Jodi Picoult Continue reading at Book Riot

[ Book Riot | 2024-11-01 11:00:00 UTC ]
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The best live TV streaming services to cut cable in 2024

You basically have three options for watching live TV at home: Hook up a digital antenna, pay for a cable subscription or sign up for a live TV streaming service. The content you get through a digital antenna is free, but limited to your local broadcast networks (ABC, CBS, Fox, NBC and PBS).... Continue reading at Engadget

[ Engadget | 2024-10-31 09:00:36 UTC ]
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American author Joy Williams: ‘The comfy story has got to change’

The novelist and short story writer on her new book about Azrael, the angel of death, her encounters with Raymond Carver and Richard Yates, and why fiction should be uncannyJoy Williams, 80, has written five novels and four story collections and is the recipient of numerous awards. Her most... Continue reading at The Guardian

[ The Guardian | 2024-10-19 17:00:20 UTC ]
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Who Decides What Asian American Literature Is?

In the 1990s, when I was a student at the newly formed Asian Pacific American Studies Department at NYU, the artist in residence at the time, David Henry Hwang, visited my class and spoke about Bruce Lee and the film The Joy Luck Club. He said something that I will never forget: “One... Continue reading at Literrary Hub

[ Literrary Hub | 2024-10-11 08:20:51 UTC ]
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Which One of You Sent Me Lonesome Dove in the Mail? Or: Tackling the Great American Western

It was a random day in August when a trade paperback copy of Lonesome Dove showed up in the mail from Simon & Schuster. It didn’t come with a press release or a note, and I’m still not sure who sent it to me (I’ve asked a few S&S publicists and it remains a mystery!), […] Continue reading at Literrary Hub

[ Literrary Hub | 2024-10-10 11:50:25 UTC ]
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Trauma, Transfigured: Pascha Sotolongo on Loneliness, Latin American Lit, and the Fantastic in Fiction and Life

Rarely have I been so moved, awed, amused, satisfied, and softly startled by a debut, but The Only Sound Is the Wind, the gorgeous new fiction collection by Pascha Sotolongo, is a deft, accomplished, utterly fearless book of short stories that seamlessly meld the mundane and the transcendent,... Continue reading at Literrary Hub

[ Literrary Hub | 2024-10-01 08:55:46 UTC ]
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International Publishers Call on Frankfurt to Cut Ties with Israel

Publishers for Palestine, a coalition of more than 500 publishers in 50 countries, issued an open letter demanding that organizers of the Frankfurt Book Fair, slated for October 16-20, "refuse collaboration with complicit Israel book publishers." Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-09-26 04:00:00 UTC ]
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Asian American Bookcon Makes Its Debut in Brooklyn

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[ Publishers Weekly | 2024-09-26 04:00:00 UTC ]
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500 international publishers demand Frankfurt Book Fair cut ties with Israel.

Publishers for Palestine, a global solidarity collective of more than 500 publishers in 50 countries, has issued an open letter to the Frankfurt Book Fair (the world’s largest trade fair for books, which this year takes place from October 16 – 20 and is expected to bring in over 200,000... Continue reading at Literrary Hub

[ Literrary Hub | 2024-09-25 16:37:53 UTC ]
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PublisHer Plans Its First North American Event

The PublisHer international network for women in the book business announces a first North American meeting for late this month. The post PublisHer Plans Its First North American Event appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2024-09-17 22:05:13 UTC ]
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Emmys Ratings Bear Fruit, Hit Nearly 6.9M Viewers After Record Low

Thanks to the new Emmys ratings, ABC was the big winner Sunday night. According to Nielsen numbers, the 76th Primetime Emmy Awards on ABC scored its highest ratings in three years, reaching 6.87 million average viewers. (ADWEEK) The evening ceremony at the Peacock... Continue reading at AdWeek

[ AdWeek | 2024-09-17 11:59:00 UTC ]
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