Money Minute: Survey Shows Americans Still Love Bargains


Despite the improving economy, Americans are still hunting for bargains.

A study by Consumer Reports finds that most of us love a good deal. In fact, more than a third of those surveyed feel guilty when they pay full price. Nearly 60 percent wait for a sale to buy what they want. And 23 percent say they buy things that are on sale, even they don't need them.

There's no bargain here, but if Donald Sterling is forced to sell the Los Angeles Clippers basketball team, all sorts of very rich people are expressing interest in buying it. Oracle (ORCL) chief executive Larry Ellison -- the third wealthiest American -- is teaming up with Oprah Winfrey and entertainment mogul David Geffen. Basketball Hall of Famer Magic Johnson is part of an ownership group that paid $2 billion for the Los Angeles Dodgers in 2012 -- and he's expressed interest in becoming a team owner in the NBA. So are boxing legends Floyd Merriweather Jr. and Oscar De La Hoya. By some estimates, the team could be worth as much as $1 billion, and the stars are coming out.

AT&T (T) is no longer your grandmother's Ma Bell. The telecom giant has reportedly held talks about buying satellite-TV provider DirecTV (DTV). A deal could be worth more than $40 billion, and it would make AT&T a close second in the pay TV business to the planned tie up of Comcast (CMCSA) and Time Warner Cable (TWC).

Here on Wall Street, the Dow Jones industrial average (^DJI) gained 45 points Wednesday, to close at its first record high this year. The Standard & Poor's 500 index (^GPSC) added 5, and the Nasdaq composite (^IXIC) rose 11 points.

After tumbling in January, the Dow has jumped 900 points over the past three months.

Finally, in one of the first fallouts from the Western sanctions against Russia, a U.S. court has temporarily blocked Boeing and Lockheed Martin from dealing with a Russian supplier of rocket engines. The company is run by one of the individuals targeted by the Obama Administration.

-Produced by Drew Trachtenberg.

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The Republican Party: SS Titanic and the coming iceberg
SS Republican aka Titanic
The Tea Party is winning the battle to be captain on board the good ship Republican, but just as they are about to grasp the wheel and heel the ship even more over to starboard, some in the party have noticed one startling fact: There is an iceberg on the horizon.

And it is a huge one.

The party seniors have suddenly realized that the Grand Old Party really is a party of and for white Americans.

Don’t believe that? Then consider this: 87% of its voters are white:

The numbers tell the tale. Minorities have accounted for 85 percent of the country’s population growth over the past decade, according to the US Census Bureau. A record 24 million Hispanics will be eligible to vote in the 2012 presidential election, up 22 percent since 2008. Meanwhile, nearly 87 percent of registered Republican voters are white. And whites have declined as a portion of the electorate in every presidential election since 1992.

It’s getting harder and harder to cobble together a winning coalition based on the grievances of a diminishing faction of white men, and many Republicans know it.
An unnamed strategist was quoted in the National Journal in August explaining that Mitt Romney campaign’s formula for winning the presidency involves capturing 61 percent of the white vote (more than any candidate since Ronald Reagan). “This is the last time anyone will try to do this,” the strategist said.

There is no way to avoid that iceberg if the Tea Party continues its death grip on the throat of the GOP.

Meanwhile, as America changes color from mostly whites to rainbow hues, these new voters favor the Democratic Party by large margins.

That’s what happens when you build an inclusive party rather than an exclusive party.

May 01 2014 at 8:48 PM Report abuse +1 rate up rate down Reply

Libs have learned well from the Nazis.

Don't call them Jews.

Call the racists.

Then they are fair game for whatever you want to do to them.

Meanwhile, Sharpton, Jackson, & Farrakhan get a pass on their open racism.

May 01 2014 at 3:16 PM Report abuse +1 rate up rate down Reply

Let the rich libs waste their money on the place draft picks go to be irrelevant.

May 01 2014 at 3:13 PM Report abuse rate up rate down Reply

I am going to run right out and buy a _American made jersey for the Miami Heat.

May 01 2014 at 2:05 PM Report abuse -1 rate up rate down Reply

Too bad the bargains were not American made. progressivehoax, hope you have a lot of money saved for your retirement. Please learn to think for yourself and not from the big money machine of the GOP for they do not have your best interests at heart.

May 01 2014 at 2:02 PM Report abuse -1 rate up rate down Reply

Evan Barthold is Underwood's village id!ot.

May 01 2014 at 1:55 PM Report abuse -1 rate up rate down Reply
1 reply to progressivehoax's comment

What are you babbling on about?

May 01 2014 at 2:01 PM Report abuse rate up rate down Reply

The Liberal Drones can't remember 1 day from the next as to what they so-called report. All spoon fed spooge from the DNC.

May 01 2014 at 1:54 PM Report abuse -1 rate up rate down Reply

I hope sterling sue,s the hell out of the league,cause there is nothing wrong for saying the word "black" ,kids say it all day long in school ,that they dont want any "black" crayons...we will keep boycotting all NBA till NBA drops the ban on sterling~~"BOYCOTT ALL NBA N ALL NBA APPAREL"<~~

May 01 2014 at 12:29 PM Report abuse +5 rate up rate down Reply
1 reply to blackneck_welfarerecip's comment

LMFAO !!!!!!!!!!........good luck with that redneck_welfarerecip.

May 01 2014 at 8:50 PM Report abuse +1 rate up rate down Reply

Funny, Charles Barley was quoted saying, "this is a black league," but has been ruled by commissioners. Hey, Chuck if it's a black league where the protest for a black commissioner.

May 01 2014 at 12:14 PM Report abuse +6 rate up rate down Reply
1 reply to Craig's comment

My comment should have said white commissioners.

May 01 2014 at 12:15 PM Report abuse +7 rate up rate down Reply

It should go past his having to sell the team. When someone is being punished, it should really hurt. hould also be fined 75% of the money. I should be given to groups that help the truly needy. And help kids in inter city that do not have a safe place to learn and play sports. They need activities that encourage them grow mentally, physically heathy with good nutrition

May 01 2014 at 12:13 PM Report abuse -7 rate up rate down Reply
1 reply to vaygollybum1's comment

That's why there's EBT Cards and SNAP coupons.

May 01 2014 at 1:56 PM Report abuse rate up rate down Reply