Rebates, the economy and housing
Hanah Cho, Tanika White and I have a story today about the proposed rebate checks -- local businesses hoping it will help them, local residents debating whether to spend or save and economists speculating that much of the money will get put toward debt.
Businesses with some connection to housing -- furnishings, for instance -- are generally feeling the pain more than most, as this part of the story reminds us:
Workers at Dorman's Lighting & Design in Timonium began the year with the belief that business had to get better.So far, signs of a turnaround are bleak. Traffic is down 30 percent this month, continuing a slowdown brought on by the slumping housing market. Even worse, more customers are window shopping instead of spending.
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