Reuters (December 13)
“Conflict in the Middle East added geopolitical uncertainty to a luxury industry outlook already clouded by inflation, with shoppers in the U.S. and Europe tightening their purse strings while expectations for a strong post-pandemic rebound in China were derailed by a property crisis” On top of all that, Bergdorf Goodman and other high end retailers are already discounting adding to “concern that a lackluster Christmas could lead to inventory gluts – potentially dragging labels into a discounting spiral that would cheapen their image.”
Tags: Bergdorf Goodman, China, Christmas, Clouded, Discounting, Europe, Geopolitical uncertainty, Inflation, Inventory gluts, Lackluster, Luxury, Middle East, Outlook, Property crisis, Shoppers, Tightening, U.S.
London Times (December 20)
“Although Boris Johnson is unlikely to impose further restrictions before Christmas,” anything is possible thereafter. “A full lockdown is not off the table.” Modelling suggests hospital admissions will soar beyond 3,000, possibly reaching 10,000 per day in England, a number “far higher than January’s peak of 4,000.”
Tags: Christmas, England, Hospital admissions, January, Johnson, Lockdown, Modelling, Peak, Restrictions
Reuters (November 27)
Europe is struggling “to find a common solution for the upcoming Christmas winter sports season.” Germany and France want the resorts closed while Austria doesn’t. A total closure “would be costly: Austria wants EU compensation for 2 billion euros of expected losses. But allowing people to squeeze into cable cars and enjoy apres-ski may pile pressure on national health systems as Europe fights a second wave of Covid-19. Without a coordinated and strict EU approach, a post-Christmas virus resurgence could be on the cards.”
Tags: Austria, Cable cars, Christmas, Compensation, COVID-19, EU, Europe, France, Germany, Second wave, Ski resorts, Solution, Strict, Winter sports
The Economist (December 7)
British voters are facing a “nightmare before Christmas.” They “keep being called to the polls—and each time the options before them are worse…. Next week voters face their starkest choice yet, between Boris Johnson, whose Tories promise a hard Brexit, and Jeremy Corbyn, whose Labour Party plans to “rewrite the rules of the economy” along radical socialist lines.” Both leaders are unpopular and on Friday, December 13th, “unlucky Britons will wake to find one of these horrors in charge.”
Tags: Brexit, Christmas, Corbyn, Johnson, Labour, Nightmare, Options, Polls, Radical, Starkest, Tories, UK, Unlucky, Unpopular, Voters, Worse
MarketWatch (December 28)
“The market’s post-Christmas climb appeared to come from nowhere in holiday-thinned trading, leading some to point the finger at pension funds who need to tweak their portfolios before the end of every month and every quarter. Pension funds need periodic readjustment as outperformance or underperformance in one corner of the pension fund’s assets can put its allocation out-of-kilter with its target weighting.”
Tags: Allocation, Christmas, Climb, Market, Pension funds, Portfolios, Readjustment, Target weighting, Thin trading, Tweak
US News & World Report (December 28)
“It was about 37 degrees Fahrenheit warmer in the Arctic in November than it usually is this time of year. The week before Christmas, it was 50 degrees above the usual average. That is, to put it mildly, something quite out of the ordinary.” Even more troubling, “what every scientist in the world studying the Arctic knows is this: what happens in the Arctic doesn’t stay in the Arctic; and global warming is now permanently altering the region in ways that will have untold consequences. In fact, the Arctic system has changed so dramatically that it may now be vulnerable to tipping points that affect the entire planet.”
Tags: Arctic, Christmas, Consequences, Global warming, Planet, Tipping points, Troubling, Vulnerable
Wall Street Journal (December 25)
“A long time ago in a country far, far away, America had less of everything and holidays were easier and more modest.” And more memorable. “These memories came with a declared or implied, ‘We didn’t have much, but . . .’ And this was said not with resentment or self pity but a kind of pride and wistfulness.”
Tags: Christmas, Holidays, Memorable, Modest, Pride, Resentment, Self pity, U.S., Wistfulness
Los Angeles Times (November 25)
“Retailers are waging a war on Thanksgiving.” This “traditional day of family gatherings and relaxation is dying at the hands of those who can’t wait even six hours to reach into our pockets in order to line their own.” More and more retailers are opening earlier and earlier on Thanksgiving. They “seem to feel Thanksgiving is just an inconvenient speed bump on the road to Christmas profits.”
Tags: Christmas, Family, Gatherings, Profits, Relaxation, Retailers, Thanksgiving
USA Today (November 23)
“Thanksgiving used to be one of the few holidays retail workers could count on,” but in recent years more retailers have opened their doors to get a jump on sales. “No one needs to be able to buy a big-screen TV on Thanksgiving.” Consumers can wait until Black Friday (the day after Thanksgiving) when the Christmas sales traditionally commence. Americans should “spend Thanksgiving Day at home — not shopping — so retail workers can be at home, too.”
Tags: Black Friday, Christmas, Consumers, Holidays, Retail, Sales, Shopping, Thanksgiving, Workers
Chicago Trbiune (December 25, 2013)
“For our love of peace, for our love of each other and especially for our love of the children and our belief in their need to dream, we welcome, yes, praise, this day, this Christmas, that dawns with a chorus of joy.”
