(1) Jason Clenfield, Toru Fujioka, Shiho Takezawa and Edward Gelband, Japan and the Paradox of Thrift.
("Japan is the only developed economy where wages have dropped year after year. Since 1996 inflation-adjusted pay has fallen about 13 percentage points -- a big reason businesses are loath to raise prices or invest in a shrinking market. * * * Thrift has become so deeply ingrained in the Japanese psyche that a rare bump in the most recent round of seasonal bonuses paid to workers ended up powering a savings surge instead of a shopping spree. * * * After six recessions in 30 years, figuring out ways to save money has turned into a national obsession")
Note:
(a) summary underneath title if print: Consumers living on fixed incomes have become intolerant of price hikes
(b) There is no need to read the rest.
(2) David Ramli and Shelly Banjo with Selina Wang, Pavel Alpeyev and Mark Bergen, From Behind Great Firewall. (third of the 3 feature stories).
https://www.bloomberg.com/news/f ... to-america-s-tweens
Note:
(a) summary underneath title if print: The next big thing in social media, TikTok is fun, irrevenrent, and made in China. It's also got some unusual ideas about censorships and free speech
(b)
(i) The online title: The Kids Use TikTok Now Because Data-Mined Videos Are So Much Fun
(ii) Print and the online version are identical.
(c) "抖音的国际版取名TikTok.": from the Web.
(d) tick tock
https://en.wikipedia.org/wiki/Tick_tock
(Tick tock, ticktock, tik tok, or tic toc, or capitalized variants, may refer to: * * * " 'Tick... Tock...,' the sound made by some clocks, for example a pendulum clock") |