spending - eriinfo

Retail spending fell in March as consumers pull back

eriinfo.com9 months ago07 mins

Washington, DC CNN — Spending at US retailers fell in March as consumers pulled back after the banking crisis fueled recession fears. Retail sales, which are adjusted for seasonality but not for inflation, fell by 1% in March from the prior month, the Commerce Department reported on Friday. That was steeper than an expected 0.4%…

NATO chief to urge four-fold boost to European defense spending

eriinfo.com9 months ago07 mins

LONDON — Washington’s European allies must make a “quantum leap” in military spending to deter Russia, the head of NATO is expected to say Monday, calling for a 400% increase in the Continent’s air and missile defense budget. NATO Secretary General Mark Rutte’s comments are set to be among the strongest yet from the organization…