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Dramatic turnarounds in saving are not without precedent.
While e-books eliminate a lot of obvious costs for publishers, the saving are not immediately apparent.
Reliable and liquid repositories for rainy-day saving are scarce, which is why reserve managers and bond investors continue to push money into the Treasury market.
Europe, alarmed at the "brutal" rise in the euro, says that America's high public borrowing and low household saving are the real culprits.There is something to both these claims.
But a more likely outcome is that America could suffer a few years of below-trend growth as the economy's imbalances, such as excessive debt and insufficient saving, are put right.
The big gains in productivity and cost saving are expected to come with Phase 2, as companies increasingly use the new technologies to buy and sell to one another and, of course, to sell more to consumers.
Similar(6)
Invasive maneuvers and therapy, unless strictly life-saving, are thus delayed to in-hospital care.
However, issues on light quality and energy-saving are of great importance.
Through comparing draught sensation (DR), ADPI index, energy consuming and so on, indoor thermal comfort and energy-saving are analyzed.
But when fees for something so basic and life-saving are genuinely out of reach, it's time for governments to step in.
6 Switches from a branded medicine to a generic version (and between different brands as a means of cost-saving) are commonplace.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com