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Shoppers, beware the present peril
NY Post ^ | November 27, 2009 | George F. Will

Posted on 11/27/2009 2:56:24 AM PST by Scanian

Another huge value-de stroying hurricane is about to slam America, destroying billions of dollars of value. Another Katrina? No, another Christmas.

This voluntary December calamity is explained in a darkly amusing little book about the size of an iPhone. "Scroogenomics: Why You Shouldn't Buy Presents for the Holidays" comes from a distinguished publisher, Princeton University Press, and an eminent author, Joel Waldfogel of the University of Pennsylvania's Wharton business school. He says that the crux of Yuletide economics, which common sense suggests and research confirms, is:

(Excerpt) Read more at nypost.com ...


TOPICS: Business/Economy; Culture/Society; News/Current Events
KEYWORDS: christmas; georgewill; giftgiving; satisfaction; value
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1 posted on 11/27/2009 2:56:26 AM PST by Scanian
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To: Scanian
I'm of the opinion that sales are going to fall off a cliff this season. The discounts seen today will only be greater as Christmas approaches. My family and I have all stated that we will limit what we spend on each other this year. One idea if you have a credit card that accumulates points is to exchange those points for gift cards and then either give the cards as gifts or purchase gifts with the cards.
2 posted on 11/27/2009 3:06:04 AM PST by RU88 (Bow to no man)
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To: Scanian

Never forget those stripped socks from my Aunts growing up.


3 posted on 11/27/2009 3:12:34 AM PST by 1776 Reborn (Test kids and politicians (bigger idiots) on the Constitution!)
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To: RU88
In the context of Black Friday shopping where we were all supposed to stampede to crowded malls, I have to ask the Ministry of Propaganda..

WHAT HAPPENED TO THE H1N1 PANIC?

Remember THAT???

4 posted on 11/27/2009 3:13:17 AM PST by Gorzaloon ("Lay the proud usurpers low! Tyrants fall in every foe! Liberty's in every blow!")
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To: Gorzaloon
WHAT HAPPENED TO THE H1N1 PANIC? - it went down the hole in the ozone! (remember that?)
5 posted on 11/27/2009 3:17:05 AM PST by Free_at_last_-2001 (A country can survive its fools, but it cannot survive treason from within.)
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To: Free_at_last_-2001

But only after we threw lots of money at it. IOW, follow the money, someone always makes lots of money on these panic deals.


6 posted on 11/27/2009 3:58:01 AM PST by tiki (True Christians will not deliberately slander or misrepresent others or their beliefs)
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To: Gorzaloon

Right, as families got together for Thanksgiving we were told it could spread Swine Flu.

But for shopping,,,not a word about being in crowds, shopping and spreading Swine Flu!!1


7 posted on 11/27/2009 4:01:39 AM PST by Freddd (CNN is not credible.)
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To: tiki

I want a refund on the $70,000,000,000 the idiot US Fed/Gov spent on the fraud MMCC research. I want it NOW!


8 posted on 11/27/2009 4:04:30 AM PST by iopscusa (El Vaquero. (SC Lowcountry Cowboy))
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To: Scanian

Since retail giants no longer mention Christmas - perhaps Christians should no longer participate in the *holiday* shopping binge.

My adult family members long ago recognized the appalling consumerism we had been sucked into and no longer participate in wanton warehousing or swapping *stuff* no-one needs.

Christmas is for children and charitable giving.


9 posted on 11/27/2009 4:11:18 AM PST by sodpoodle (Stop spreading the wealth and start spreading the truth.)
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To: Scanian

Heve you noticed the the NY Post has one of the crappiest, slowest and downright worthless website? I do like to read a few of their writers and appreciate their mod right ed stance but that website, redone recently, like NYC, totally sux!


10 posted on 11/27/2009 4:14:06 AM PST by iopscusa (El Vaquero. (SC Lowcountry Cowboy))
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To: Scanian
Gifts that people buy for other people are usually poorly matched to the recipients' preferences.

I think many Christmas shoppers buy gifts based on what they themselves would like. I've always tried to put some thought into gift buying so I wouldn't be guilty. Last year my list was short, a couple close friends and my granddaughter (my grandson was in juvenile lockup). I gave my granddaughter money and a set of “Brats” dolls. This year I’ll be looking for anything “Wizards of Waverly Place” and “iCarley”. I won’t be concerned with my grandson - he’s again in juvenile lockup, and he was such a nice kid before puberty. I have a girlfriend who mentioned she wanted a pair of flannel trapdoor footie jammies. That might take some time and effort to find.

11 posted on 11/27/2009 4:33:43 AM PST by R. Scott (Humanity i love you because when you're hard up you pawn your Intelligence to buy a drink)
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To: sodpoodle
My adult family members long ago recognized the appalling consumerism we had been sucked into and no longer participate in wanton warehousing or swapping *stuff* no-one needs.

Our family has been doing the same thing for the past 3 years - it's GREAT. Just presents for the kids, no one else.

It cuts the stress of buying and receiving junk, frees up time to cook and bake. The kids get a great Christmas instead of a couple of toys from relatives, which helps their parents budget, spend more time baking, etc.

It's stress free and pocketbook rich - a Great Christmas!

12 posted on 11/27/2009 4:35:36 AM PST by libertarian27 (Land of the FEE, home of the SHAMED)
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To: Free_at_last_-2001

I have never gotten the “regular” flu shot and I have done my patriotic best to keep the lines shorter on this H1N1 vaccine. Might just be lucky, but in general, bugs bite me and the bugs die.

Query: Do you know, personally, anyone who has contracted this “pandemic” disease?

Thought not. Pardon my paranoia (you’re not really paranoid if they really are out to get you) but my antennae go up in light of Rahm Emanuel’s comment that one should never waste a good crisis.

Translation: keep’em scared silly,the sheeple will let us do all sorts of un-Constitutional stuff.


13 posted on 11/27/2009 4:49:34 AM PST by barkeep (Post Hoc, Ergo Propter Hoc)
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To: iopscusa

I certainly have noticed it. It is pop-up city and extremely slow. My computer had a memory slot burned out by an apparent lightening strike (the bane of Tampa Bay) and sites like the NYP are murder.

Still, I like most of their writers.


14 posted on 11/27/2009 4:50:30 AM PST by Scanian
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To: sodpoodle

I just give ‘em a gift certificate and a nice card and that’s that.

At my age, buying appropriate gifts for kids and young adults is just not something I’m good at.


15 posted on 11/27/2009 4:52:24 AM PST by Scanian
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To: Scanian
I just give ‘em a gift certificate and a nice card and that’s that.

Ditto that. My four children all received just one gift at Christmas, plus a cash envelope for 1/2 price sales after... and they all loved it. They got to choose their gifts, plus save some $$$

16 posted on 11/27/2009 4:58:06 AM PST by WVKayaker (www.wherezobama.org / Obama's Excellent Adventure ...)
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To: RU88

I grew up half a continent from grandparents in Maine and Texas. Instead of wrong-sized sweaters from Maine and hats from Texas my sister and I got checks.

No problems with redemtion/returns/poor selection, and I promise you, we appreciated it more than if grandma had used lots of time picking out something we would have buried in the back of the closet lest our friends even knew we owned such a geeky thing.

Closing on on 60 myself, advice; unless you are so fortunate as to live nearby and KNOW what the kids/friends want, cash is king, nothing rude about it!


17 posted on 11/27/2009 4:59:12 AM PST by barkeep (Post Hoc, Ergo Propter Hoc)
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To: R. Scott

Try Vermont General store for the jammies...They can be ordered on line.


18 posted on 11/27/2009 5:08:11 AM PST by hoosiermama (ONLY DEAD FISH GO WITH THE FLOW.......I am swimming with Sarahcudah! Sarah has read the tealeaves.)
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To: barkeep

I, personally, and three of my children had H1N1, but it was no big deal for us.


19 posted on 11/27/2009 5:12:57 AM PST by heartwood
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To: Scanian

We gave up trying to buy something for everyone years ago.

For the grandkids, a card and some cash. They know what they want, it is never returned, and I don’t have to risk body and soul shopping.


20 posted on 11/27/2009 5:18:11 AM PST by CIB-173RDABN
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