To the Point
Giving Thanks and Going Shopping: Not What It Used to Be
This is "the American weekend," a day of thanksgiving normally followed by the biggest shopping day of the year. But these are not normal times. Retailers are bracing for a tough sales season and consumers are re-thinking what they buy and where they buy it. Also, more Obama appointments, and protesters have closed down Bangkok's international airport after four months of unrest. Sara Terry guest hosts.
This is "the American weekend," a day of thanksgiving normally followed by the biggest shopping day of the year. But these are not normal times. Retailers are bracing for a tough sales season and consumers are re-thinking what they buy and where they buy it. Guest host Sara Terry asks if these are short-term responses to the economy or the beginning of long-term changes in lifestyle. Also, more Obama appointments, and protesters are bringing Thailand to a halt. Thousands are stranded at the airport in the latest development of a four-month-long protest against the government.
Photo: Justin Sullivan/Getty Images
In this episode
3 storiesLabor Underrepresented on Obama's Economic Team
Three days and three press conferences. President-elect Barack Obama spoke to reporters again today, this time to announce a council of economic advisors, headed by former federal reserve chief Paul Volcker . Kim Chipman of Bloomberg has more.
Read the story6 minThe New Thriftiness in America
Today's news that consumer spending dropped by one percent last month, the biggest decrease since 2001, isn't what retailers want to hear right now. After a day of thanksgiving, the holiday shopping season kicks off on Friday, traditionally the biggest shopping day of the year.
Read the story33 minProtestors Shut Down Airport in Thailand
In Thailand, protesters have brought the country to the brink of chaos. Thousands of travelers are stranded at Bangkok's international airport, which the protesters have occupied since Tuesday. The ongoing saga dates back to protests in 2006 against former Prime Minister Thaksin Shinawatra, who was ousted in a bloodless military coup that year.
Read the story10 min