Tagged: Economy

You may have heard of "flash mobs," where a mass of people invade a public space to make a scene. Now the idea has been turned on its head by "cash mobs," where large crowds of consumers show up at small businesses to spend money. But it's not just about propping up the local economy.

It's 5 o'clock on a Friday, and mostly quiet in the Lander's Men's Store, a mom-and-pop clothing store in Jamestown, N.Y. But shop owner Ann Powers is anticipating a mob.

I met Zenaide Muneton in the offices of the Pavillion Agency in New York, which specializes in hiring house staff for some of the richest folks in the country. Muneton says she knows how to make everything fun for kids, even homework, and that's why she is one of the better paid nannies at the agency. I asked her what that means.

"It means over $150,000 a year," Muneton said.

Housing prices are still declining, but many analysts see some signs for optimism in the housing market. The mild spring has brought buyers out earlier than usual, and real estate agents are busy.

Doug Azarian is one of them. One of his clients recently signed a deal on a $1.5 million house in Cape Cod, Mass. — a contemporary waterfront property with three bedrooms.

"The buyers came in, and they loved it from the minute they walked in the door," Azarian says.