After consistently blaming Republicans for the government shutdown, on Sunday's NBC Nightly News, fill-in anchor Carl Quintanilla warned that while the budget stalemate ended days earlier, "Many people who were furloughed or otherwise affected are still paying the price, and will do so for some time." [Listen to the audio or watch the video after the jump]
In the report that followed, CNBC correspondent Bertha Coombs touted: "A new survey says about forty percent of consumers cut their spending because of the government shutdown. And store traffic was down seven percent compared to last year." She then proclaimed: "Retailers are hoping the shutdown doesn't become the Grinch that stole Christmas, but they're worried it will."
Bertha Coombs
By Kyle Drennen | October 23, 2013 | 3:07 PM EDT
By Mark Finkelstein | November 26, 2008 | 12:23 PM EST
Some wag dubbed the Prius the "Pious," for the smug self-righteousness of its greener-than-thou owners. CNBC ran a segment this morning highlighting an even pricier form of conspicuous green consumption: the installation of geothermal wells in Manhattan as an alternative form of HVAC.
Narrating a segment that would have had Veblen nodding in approval, CNBC's Bertha Coombs observed "for many, it represents bragging rights in the pursuit of green luxury." That segued to a clip of New York magazine's Jesse Oxfeld explicitly making the conspicuous consumption point.
View video here.
Some wag dubbed the Prius the "Pious," for the smug self-righteousness of its greener-than-thou owners. CNBC ran a segment this morning highlighting an even pricier form of conspicuous green consumption: the installation of geothermal wells in Manhattan as an alternative form of HVAC.Narrating a segment that would have had Veblen nodding in approval, CNBC's Bertha Coombs observed "for many, it represents bragging rights in the pursuit of green luxury." That segued to a clip of New York magazine's Jesse Oxfeld explicitly making the conspicuous consumption point.
View video here.
