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December 31, 2008 at 15:05:10

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Promoted to Headline (H3) on 12/31/08:

What Happy New Year?

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By Michael Fox (about the author)     Page 2 of 2 page(s)

opednews.com     Permalink

The big surprise this season was that “luxury goods” sales were down 43%, and this was the one sector that anticipated being immunity from the depression. So Chanel and LVMH are having layoffs. Quel domage. Meanwhile, Vanity Fair reports that many of the very wealthy are cutting back hours for their staff, rather than giving up some of their valuable stuff. (Never mind that many of these women carry handbags that are worth more than what they pay the maid for a year, and have closets full of such bags).

So what was that about a happy new year? Here’s a thought: Hope for dismal, and you won’t be dissatisfied.

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Michael Fox is a writer and economist based in Los Angeles. He has been a corporate controller, professor, and small business entrepreneur. After a life-altering accident, he spent five years learning more about medicine and the healthcare (more...)
 

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The people need to read more to understand the Arabs by Jaff Sassani on Wednesday, Dec 31, 2008 at 3:24:17 PM
Michael by jersey girl on Wednesday, Dec 31, 2008 at 3:56:12 PM
We are asking the people who care abut the humanity by Jaff Sassani on Wednesday, Dec 31, 2008 at 4:58:00 PM
Shame On You by ramsheyi on Thursday, Jan 1, 2009 at 8:36:15 AM
Ch-ch-ch-changes by Jennifer Hathaway on Wednesday, Dec 31, 2008 at 5:54:09 PM
Happy New Year, Yes by ramsheyi on Thursday, Jan 1, 2009 at 8:50:13 AM

 
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