Anxiety grips state's economy
Restaurants and retail
Some local retailers had already noticed business was off in recent days as fears of another recession intensified. Fewer families and international tourists are shopping at the Newbury Street Johnny Cupcakes T-shirt store, said the companys business director. They are adjusting by focusing on its core market in this region: 16- to 24-year-olds.
Bernie Rubin, owner of Bernie & Phyls furniture chain, said talk of a US debt crisis has turned consumers off. The news that it created for the last two weeks was total insanity and scared the living daylights out of every person, he said.