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Gadgetry Takes a Hit as Nervous Consumers Plan for Lean Holidays
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Written by Danrok   
Wednesday, 15 October 2008 10:35

From NYTimes:

With his retirement account devastated by the plunging stock market, Henry Vicenteno is feeling poor — poor enough to play the Grinch this holiday season.

Mr. Vicenteno, 31, an aircraft mechanic in Cleveland, said his 9-year-old son had asked for a copy of Skate, a skateboarding video game by Electronic Arts. “I told him I’d buy it for him, but really I’m just going to Blockbuster to rent it,” Mr. Vicenteno said. “Before, I would have bought it, no problem. But it’s like $50, and we can’t be spending that kind of money.”

With consumers increasingly worried about a severe economic recession, Mr. Vicenteno is hardly the only person keeping his wallet shut.

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