Many of his venture-capital peers are just as high on the growing global demand for consumer electronics and online commerce.

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This more recent data--courtesy of Spending Pulse, the economic research arm of MasterCard (nyse: MA - news - people ) WorldWide--divides U.S. consumer discretionary spending into eight buckets: air travel, e-commerce, electronics, furniture, lodging (as in hotels, not primary residences), apparel, luxury (excluding jewelry) and restaurants.

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Details of the deal are expected to be released Friday evening, but business groups like the U.S. Chamber of Commerce, the Consumer Electronics Association and others have long called for passage of the agreement, negotiated by the Bush administration but put on the back burner since 2007.

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On Thursday, a coalition of 14 business organizations including the U.S. Chamber of Commerce, Financial Services Roundtable, Consumer Electronics Association and the Organization for International Investment sent a letter to members of Congress urging them to oppose the measure, saying it violates the current system of U.S. tax treaties.

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In fact, electrical engineer Limor Fried founded Adafruit Industries, an e-commerce website that distributes a veritable treasure trove of toys, electronics and ways for children to learn to build programs, apps and more.

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The State Administration for Industry and Commerce said on Thursday that it would tighten oversight of Apple and other specified electronics companies.

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Matas says U.S. Department of Commerce figures for sales of electronic systems, a wider category that includes consumer electronics, computers and other electronic products, is slumping by about 4% for 2002.

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