Posted by & filed under Part 1 Business in a Global Environment.

Description:  Fortune’s Andy Serwer says consumers can no longer be counted on to stimulate the economy.

Source: CNNMoney.com – video report
 
Date: 08/27/2010

Link: http://money.cnn.com/video/fortune/2010/08/27/f_sl_us_consumer_dead.fortune/

Questions for discussion: 

  • Summarize the reasons given for the slow economic recovery?
  • Why is the spending power of American consumers so important for both American and global economic recovery to take place?
  • What reason is given for being optimistic that the economy will improve?
  • Why would a “job” program help the recovery?
  • Which businesses do you think will be the first to hire more people back?
  • Which businesses are likely to be slow to hire people?
  • What more do you think can be done to help economic recovery?

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