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Transcripts For KQED Nightly Business Report 20121215

reporter: retail expert mike niemira says only half of americans polled recently have finished their holiday shopping. the consumer is behind on their completion. that means we rely much more on the next few days for it to pick up dramatically. reporter: because of all the fiscal cliff doom and gloom, retailers are worried. and perhaps they should be. after all americans think their personal finances will take a hit next year. and that might mean fewer gifts under the tree. we believe that the post black friday lull that we ve seen in the last three weeks that consumers are spending at a very restrained rate simply because they don t have the money and there s a little bit of a fear factor out there. reporter: but, there are those who say it s wrong to credit the fiscal cliff for the lackluster holiday shopping season. more likely they think shoppers are playing a game of chicken with retailers, waiting for more stores to drop prices. if that s true, shoppers may be

Transcripts For KQED Nightly Business Report 20121215

niemira says only half of americans polled recently have finished their holiday shopping. the consumer is behind on their completion. that means we rely much more on the next few days for it to pick up dramatically. reporter: because of all the fiscal cliff doom and gloom, retailers are worried. and perhaps they should be. after all americans think their personal finances will take a hit next year. and that might mean fewer gifts under the tree. we believe that the post black friday lull that we ve seen in the last three weeks that consumers are spending at a very restrained rate simply because they don t have the money and there s a little bit of a fear factor out there. reporter: but, there are those who say it s wrong to credit the fiscal cliff for the lackluster holiday shopping season. more likely they think shoppers are playing a game of chicken with retailers, waiting for more stores to drop prices. if that s true, shoppers may be disappointed. will retailers

County Commissioners commit $9 million in taxes

Franklin County approves nearly $3.7 million for construction of emergency operations center

The figure does not include architecture design, furniture or a security system.

Franklin County commissioners declare May 27 as the official remembrance of WWI arch in Farmington

The centennial anniversary will be recognized at 10 a.m. May 27, on Memorial Day, at the arch.