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 ]

Other news stories related to: "Fed rate cuts unlikely thanks spending by rich Americans"


Can science fiction help us prepare for 21st-century warfare?

The novelist Margaret Atwood recently caused a stir when, during an interview with Variety, she said that the 9/11 hijackers “got the idea” to fly planes into buildings from watching “Star Wars.” Atwood, the author of “The Handmaid’s Tale” and other dystopian classics, did not have the facts... Continue reading at Los Angeles Times

[ Los Angeles Times | 2018-05-28 00:00:00 UTC ]
More news stories like this


George R R Martin funds scholarship for SFF and fantasy writers

George R R Martin is funding a new annual scholarship at a science fiction and fantasy six-week course to “help the next great fantasist on the long journey ahead”. Continue reading at The Bookseller

[ The Bookseller | 2018-01-30 00:00:00 UTC ]
More news stories like this


Where to Start With Ursula K. Le Guin

Given her incredible skill at narrative economy, Ursula K. Le Guin could probably do a much better job of summing up her own achievements as a writer than I could. Then again, Le Guin could do most things better than most writers. An undisputed master of science fiction and fantasy, she also... Continue reading at Slate

[ Slate | 2018-01-24 00:00:00 UTC ]
More news stories like this


Ursula K. Le Guin Dies at 88

The prolific and profoundly influential writer, who brought a literary and feminist touch to works of science fiction and fantasy for children and adults, died at her home in Portland, Ore., on January 22. Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-01-24 00:00:00 UTC ]
More news stories like this


BookCon Adds Sci-Fi, Mystery and Thriller Authors to Adult Lineup

ReedPOP has unveiled a lineup of science fiction, mystery and thriller authors for BookCon 2018, which includes such authors as David Baldacci, Sandra Brown, Brad Meltzer, and Walter Mosley. Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-01-19 00:00:00 UTC ]
More news stories like this


'The Best American Science Fiction and Fantasy' series editor John Joseph Adams shares how sci-fi is evolving

'Trying to achieve change through something like science fiction seems like a pipe dream,' Adams says. 'But it also feels like the only thing that writers can hope to do.' Continue reading at The Christian Science Monitor

[ The Christian Science Monitor | 2017-10-07 00:00:00 UTC ]
More news stories like this


Failure to Build Brands Is Hurting the Economy, GroupM's Irwin Gotlieb Says

A "massive deficit" of brand building is dragging down the economy, according to Irwin Gotlieb, global chairman of GroupM.When the history books get written on the last 15 years, Irwin told me in a video interview for his induction into the Advertising Hall of Fame, "I think they will say that... Continue reading at Advertising Age

[ Advertising Age | 2017-07-31 00:00:00 UTC ]
More news stories like this


S&S Launches New Imprint with Kirkman's Skybound Entertainment

Skybound Books, a co-publishing agreement between Atria and The Walking Dead creator's multi-platform entertainment company Skybound Entertainment, will focus on science fiction, fantasy, and horror. It will be overseen by Michael Braff, who is based in L.A. Continue reading at Publishers Weekly

[ Publishers Weekly | 2017-07-24 00:00:00 UTC ]
More news stories like this


PRH presents Barbican-inspired Penguin Classics

Penguin Random House has developed a range of Barbican-inspired Penguin Classics to coincide with a new Barbican exhibition, Into the Unknown: A Journey through Science Fiction. Continue reading at The Bookseller

[ The Bookseller | 2017-06-09 00:00:00 UTC ]
More news stories like this


BookExpo 2017: The Future Is Now at Galaxy Press

For 33 years, Galaxy Press has been promoting the work of science fiction and fantasy writers and illustrators through the annual L. Ron Hubbard Writers and Illustrators of the Future contests. Continue reading at Publishers Weekly

[ Publishers Weekly | 2017-06-02 00:00:00 UTC ]
More news stories like this


BookNet Canada Offers Studies of Popular Genres

BookNet Canada has issued four studies looking at the demographics for book buyers of biographies/autobiographies, detective fiction, science fiction and cookbooks, each showing trends for the genre. Continue reading at Publishers Weekly

[ Publishers Weekly | 2017-05-19 00:00:00 UTC ]
More news stories like this


Michael Levy, Longtime 'PW' Reviewer, Dies at 66

Michael M. Levy, a scholar of science fiction and longtime 'Publishers Weekly' reviewer, died of cancer on April 3. He was 66. Continue reading at Publishers Weekly

[ Publishers Weekly | 2017-04-05 00:00:00 UTC ]
More news stories like this


Hodder appoints former bookseller Sam Bradbury as SFF editor

Hodder and Stoughton has appointed Sam Bradbury, currently with Jo Fletcher Books, as editor with commissioning responsibilities in the area of science fiction, fantasy and horror, reporting to publisher Oliver Johnson. Continue reading at The Bookseller

[ The Bookseller | 2017-03-22 00:00:00 UTC ]
More news stories like this


Author Ahmed Khaled Towfik on the Outlook for Arabic Sci-Fi

Better times are ahead, says writer Ahmed Khaled Towfik, who recently appeared at Dubai’s festival: the Arab world is readier for science fiction, he says. By Dennis Abrams | @DennisAbrams2 ‘Looking Good for Science Fiction’ t The National, Hala Khalaf asserts that “Arab readers don’t like... Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2017-03-17 00:00:00 UTC ]
More news stories like this


NASA demonstrates EM Drive theory, but don't get too excited

A fuel-free engine is the stuff of science fiction for now, but scientists at NASA Eagleworks have published a peer-reviewed paper that suggests the ideas behind an EM Drive are worth testing further. Researchers at Eagleworks, a small NASA team task... Continue reading at Engadget

[ Engadget | 2016-11-22 00:00:00 UTC ]
More news stories like this


Scale-hungry Facebook video publishers are in trouble if they don’t think long term

It’s getting easier to get to a billion views on Facebook. But publishers that are only chasing scale, and not thinking about video as a long-term business, are in trouble. Take, for instance, TV, which can monetize the same piece of content through advertising, licensing, syndication,... Continue reading at Digiday

[ Digiday | 2016-11-21 00:00:00 UTC ]
More news stories like this


Verso buys Miéville on Russian revolution

Science fiction and fantasy novelist China Miéville is to make a rare foray into non-fiction to pen a “labour of love” history of the Russian revolution for indie press Verso. Continue reading at The Bookseller

[ The Bookseller | 2016-10-21 00:00:00 UTC ]
More news stories like this


Pinterest Enlists Top Creators and Production Shops to Craft Posts for Marketers

As Pinterest works to build an advertising business that rivals heavyweights like Facebook and Google, it's launching a creative program with a handful of production shops, publishers and creators aimed at making it easier for brands to create posts for the platform. The new program is called... Continue reading at AdWeek

[ AdWeek | 2016-10-19 00:00:00 UTC ]
More news stories like this


Twitter Opens 'Moments,' Its Once-Hidden Tweet Collection Feature, to All Users

Once upon a time, Twitter Moments was a closely guarded fortress surrounded by moats of publishers vying to get a spot on the throne. The feature, which aims to be "the best of Twitter in an instant," was only available to Twitter employees and certain publishing partners.  But that changed... Continue reading at AdWeek

[ AdWeek | 2016-09-29 00:00:00 UTC ]
More news stories like this


Google swallows 11,000 novels to improve AI's conversation

As writers learn that tech giant has processed their work without permission, the Authors Guild condemns ‘blatantly commercial use of expressive authorship’When the writer Rebecca Forster first heard how Google was using her work, it felt like she was trapped in a science fiction novel. “Is this... Continue reading at The Guardian

[ The Guardian | 2016-09-28 00:00:00 UTC ]
More news stories like this