Major banks may be healthier than originally feared and hopes may be rising that the economy has bottomed out, but there is still one word that continues to strike terror in the hearts of business executives and government officials alike: deflation.
Even as Federal Reserve Board chairman Ben Bernanke last week proclaimed “some improvement in consumer sentiment,” the specter of the American economy experiencing a prolonged downward spiral in prices — as is already happening in countries from Spain to Japan — is a major concern. And it’s likely to remain one until consumers find their footing and government stimulus funds siphon through to pocketbooks.
Steve Aoki held a presentation, a runway show and outdoor concert for his men's line Dim Mak. Here's a look from his spring 2018 collection, which was titled "Paradise Found." #wwdfashion #wwdmens (📷: George Chinsee)
"It's really hard sometimes. I think I have a reputation for being really tough and aggressive and pushy but I really am a very shy person who wants to be liked, and that's the conflict constantly. There's something that takes hold - I want people to like me, I don't want to be mean - but if I see something that just cries out to be answered, I go for it," says renowned NBC News correspondent Andrea Mitchell. (📷: @axeldupeux)