Japanese woman were one the of "the world's biggest spender on luxury product" and they would happily part with a month's rent or even salary for designers handbangs, scarfs, clothes, and shoes. However, the economic downtown caused by the worldwide crisis has brought wages into a 15 months fall and unemployment rate to exceed 5%. Luxury brands are goods that are heavily effected by the overall health of the economy and the wages of the consumers

Because the US citizens are not using natural gas, the Energy Information Administratino reported that the gas is nearing the US storage capacity. The price for natural gas is severely dropping and may drop even more. However, it is assumed that the price for natural gas to spring back as winter approaches. Because of such cheap price, people will choose to use natural gas in the coming winter.

After G20 summit discussing the aftermath and the resolution for the ecnomic crisis that left great impact in the world market, countries agreed to establish tighter regulations over financial institutions and made advices for specific countries for improvement. For example, Japan and China were encouraged to reduce their dependence on exports by promoting products domestically. Quotas like these are examples of price controls in a world wide scale.

Scientists have predicted that fossil fuel will completely deplete in the naer future of mankind because of the human's abusive use and the attachment to fossil fuels. Oils are now considered valuable and SCARCE. However, new oil basins have been found in several parts of the world. Being said, oil may not have been scarce as it was thought to be

Japan has fought off the hard economic struggles after WWII, and seemed to finally achieve economic stability after twenty years of hardship........until the economic crisis hit worldwide and paradise lost. Wages began to fall at the nation-level even before the crisis hit Japan because the workforce shifted from well-paid elderlies to underpaid yougnsters. Because of this, Japanese consumerism seems to have changed - people are suddenly more thrifty. The firms have to fight for a better deal against other firms under the competition.