Groupon and Zynga to pay off earlier investors and fund his personal spending.
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Johnson maintains that all of O'Hair's personal spending money came from public speaking engagements.
The rise in personal spending led to a 0.5% gain in real consumption, its strongest level since December 2009.
FORBES: Consumption Picks Up In July Indicating Lower Risk Of Deflation
Personal spending increased 0.8% in July, above consensus expectations of 0.7%, while personal income rose 0.3%, in line with expectations.
FORBES: Consumption Picks Up In July Indicating Lower Risk Of Deflation
Whatever consumer sentiment surveys record, this is a leading indicator that personal spending can carry our economy through next year.
The only bright spot for Japan last quarter was consumption, but personal spending cannot remain high if the rest of the economy continues to crumble.
On the consumer front, personal spending was up in line with consensus for November, while personal incomes were slightly better than expected increasing 0.6%.
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Federal authorities also are looking at Mr. Wasendorf's personal spending.
Also positive was a report from the Commerce Department that showed personal spending in the United States rose by 0.4% in March, twice the 0.2% gain Wall Street had expected.
Monday brings news of personal income and personal spending.
In reality, the SEC alleges, Berkman was using the money earmarked for shares in Facebook, LinkedIn, Groupon and Zynga to pay off earlier investors and fund his personal spending.
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At the same time, gross domestic product growth slowed to 2.5% in the second quarter from 5.6% in the first quarter, according to the Bureau of Economic Analysis, in line with a similar deceleration in personal spending.
The entire fall could be attributed to Q4 yet the economy eked out positive quarterly growth, thanks to personal spending growing a fine 2.1% (annualized rate), business investment growing 9.7% and residential investment growing a fairly blistering 17.5%.
During the first few months of his administration, Garcia boosted his approval rating into the high sixties, mainly by demonstrating that he was a force for stability, unlike Humala, and also for austerity, unlike his predecessor, Alejandro Toledo, who was given to extravagant personal spending and outright frivolousness.
Personal consumption spending increased 1.4 percent in the third quarter, about the same as the 1.5 percent increase in the second quarter.
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At the same time the national price index for personal consumption spending increased 0.3% in the third quarter, which is seasonally adjusted, but may reflect a slight pick up in pre-holiday spending.
The August Personal Income and Spending numbers came in at 0.1% and 0.5%, respectively, on expectations of a 0.2% and 0.5% rise.
All other, and arguably more important, indicators (Production and Income, Employment, Unemployment and Hours, and Personal Consumption and Spending) registered very negative readings.
As we spend more and more time online, we constantly give away information about our personal preferences and spending habits for free to vendors.
In the process of gathering somewhat innocent behavior data, mobile wallet projects will also gather card numbers, personal identities, spending data and other sensitive information.
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July personal income and spending data will be published on Monday.
Thursday will feature November durable goods orders, November personal income and spending, November new home sales and the final December University of Michigan consumer sentiment survey results.
Some of the other key U.S. economic indicators next week include personal income and spending Monday, Chicago Purchasing Managers Index and consumer confidence on Tuesday, ADP private-sector employment report and Institute for Supply Management manufacturing PMI Wednesday, and initial jobless claims Thursday.
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In the fourth quarter 2009 GDP, business spending trumped personal consumption by almost seven to one.
It would also dramatically reduce government spending and the unfunded liabilities of Social Security over the long run, as benefits paid by the fully funded, private market personal accounts replace federal spending.
The field for elite credit cards is growing increasingly crowded with products offering select customers outlandish perks like access to private jets and personal shopping services for spending hundreds of thousands of dollars using their plastic.
And if we set aside the pay-as-you-go nature of Medicare and pretend it really is an insurance program, your payroll tax contributions will end up covering only about one third of your personal tax-financed spending over your lifetime.
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The best-fit estimate represented by the downward-slopping line in the chart reveals that for each one percentage point of personal income that social welfare spending rises above 10%, net private investment falls by about 1.2 percentage points of personal income.
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The Roadmap financed the transition to personal accounts through the reduced spending resulting from the other entitlement reforms.
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The entire social spending infrastructure diminishes personal responsibility and the cohesiveness of communities.
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