UM: Economy

A New York Times article looks at how businesses are offering bargains to lure shoppers, and quotes UM economist Don Grimes. He notes that while programs like the federal cash for clunkers boosts consumer morale, people are still cautious: “People who are making $80,000 or $100,000 and who would go off to Disney World and blow $2,000 on a weekend, they aren’t going to do that.” As an example of bargains being offered, the article cites the example of Zingerman’s, which has started offering less expensive versions of some of its cooking programs. [Source]