benefits of basil essential oil In ancient China, the term "sedan" was used to refer to the sedan chair. When western cars entered China in large Numbers, it was the closed square cars that were popular in the west After the black Friday rush, consumer spending is being squeezed. Last year, labour market economist John Philpott found that more than one in five workers, around 7.1 million people, were in precarious employment, up from 5.3 million in 2006. Canning's 1929 book, economics in accounting, cites the economist's view that asset values are determined by the present value of the future cash flows of assets. Julie Palmer, a retail expert at Begbies Traynor, said retailers faced a particularly disappointing deal in the weeks following the apparent success of "black Friday" at the end of November.