Shoppers Turn to Funny, Useful Gifts

Yuletide economics dissected

(NEWSER) - Christmas is coming, and the "voluntary December calamity" of destruction of billions of dollars in value is under way, writes George Will. People will splurge on gifts their relatives and friends don't want or need, and the discrepancy between the cost of the present and its value to the recipient adds up to wasted billions, Will writes in the Washington Post . More»

Stores launch summer promotions to snag holiday dollars early

(NEWSER) - It's beginning to look a lot like Christmas in malls across the country as stores angle for some extremely early holiday dollars, the Wall Street Journal reports. Retailers like Toys'R'US, Sears and Kmart have dragged Santa away from his summer break and launched July Christmas promotions, hoping to boost sales with a touch of festive spirit and help recession-hit consumers spread out their holiday spending. More»

Fantasy gifts for 2011 unveiled in 'Christmas Book'

(NEWSER) - It’s that time of year again: time for Neiman Marcus to say, “Recession? What recession?” and urge you to purchase a $250,000 mahogany speedboat for your beloved this Christmas. Yes, the Christmas Book was unveiled yesterday. To really get into the holiday spirit, read on for the highlights, via AP :

• $1 million: A cool mil will get you a fountain, apparently with water that dances to music, installed in your home.
• $420,000: Private jet tour of European flower shows.

Online retailer beat the market with HDTVs, iPods, and Wii

(NEWSER) - The Grinch apparently didn’t sour shoppers on Amazon this year: The company said today the 2008 holiday season was its “best ever,” MarketWatch reports. Amazon sold more than 6.3 million items worldwide on Dec. 15, its peak day, amounting to “a record-breaking 72.9 items per second.” Last year it sold 5.4 million units on its top day. More»

Donations off as much as 30%, some say

(NEWSER) - Across the country, charities that dole out gifts to underprivileged kids have seen donations fall off steeply compared to last holiday season, USA Today reports. Some are reporting as much as a 30% decline in giving as the economy flags. “Families that would normally have been helping us by donating are now turning to us for help,” a spokeswoman for one charity said. More»