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Newspaper
Syracuse Herald Journal
Location
Syracuse, New York, United States of America
Date
Dec 11, 2000
Page
22
A consumer recalls paying for a purchase protection plan with a washing machine, bought on sale from a national company. The plan mirrors the machine’s price and the customer cannot afford it now. The company resold the plan. cancellation details are unclear. The piece advises energy efficiency, careful price checks, and skepticism toward extended warranties.
Holiday spending could push the average shopper into larger debt with $1220 typical outlay and 1 in 10 spending over $1500. Experts warn that charging purchases could raise January debt above $4000 and total interest to over $9000, urging payments within three months to limit costs.
Myvesta.org showcases frugal gift ideas from the Savviest Scrooge Contest. Seeds in personalized packets, painted rock address markers, and photo gift keepsakes illustrate budget creativity. The piece notes consumer groups warn about overspending and rising credit debt across holidays.
Modest growth picks highlight three stock ideas for a 50 percent to 300 percent rise in 12 to 18 months. BJ's Wholesale Club shows strong revenue and earnings growth with a potential move to 45. Commscope, once volatile, shows rising revenue and solid cash flow with earnings near 82 cents a share. Both are pitched as safer picks among speculative dot coms.
Investors brace for mixed signals amid expectations of a recession as bonds rally and 90 day T Bill and money market funds show strength. Blue chips and mutual funds lead gains while Nasdaq slumps and job cuts in tech weigh on outlook. Holiday spending could stabilize activity.
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