“If you give someone a free shopping certificate, they will spend it.”—Citigroup economist Steven Wieting, quoted in a WSJ story.
Cheapskate Wisdom from … the Cash for Clunkers Experience
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Latest on Moneyland
Done Deal: CBS Gives Green Light to Sitcom Based on Groupon
Daily deal giant Groupon is known for its peculiar sense of humor. There was the time the site “bought” April Fool’s Day. The introduction of marketing gimmicks like the creepy virtual discount wheel called “Clicky” can only be attributed to some offbeat sense of what’s amusing. And of course, from the beginning, subscribers have been reading Groupon’s trademark absurdist, careful-not-to-offend descriptions for deals arriving in their in-boxes. The fact that there’s a network sitcom in the works featuring Groupon is apparently no joke, however.
From our PartnersCheap Thrills: 8 Ways to Save Money at the Amusement ParkDaily Finance
- Romney: 'I'll Take a Lot of Credit' for Auto Industry RecoveryThe Huffington Post
- Too Broke to Go Bankrupt: Price of Chapter 7 Is More Than $1,500Daily Finance
- Rick Santorum Endorses Mitt Romney … At 11 p.m. The Huffington Post
You’ll Be Able to Buy ‘Waterproof Sunblock’ This Summer, Even Though There’s No Such Thing
Last summer, the FDA announced new regulations affecting how sunscreens are marketed. Accordingly, sunscreen labels will no longer be allowed to feature the words “waterproof,” “sweatproof,” and “sunblock”—because no sunscreen is truly waterproof or sweatproof, and no lotion completely blocks the sun’s harmful rays. Originally, the changes were set to take effect this June. Now, though, it’s OK for stores to sell products making these dubious claims on through the hot months ahead.
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http://money.blogs.time.com/2009/12/31/it-was-an-awful-year-for-the-economy-but-a-great-one-for-the-consumer/ It Was an Awful Year for the Economy. But a Great One for the Consumer? – It's Your Money – TIME.com
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http://money.blogs.time.com/2010/01/29/plausible-the-government-wants-you-in-debt/ Plausible? The Government Wants You in Debt – It's Your Money – TIME.com
