AllAboutGeorge.com is a blog about the life of George
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ALLABOUTGEORGE.com
Description
It's that time of year again. Know any black bloggers? How about African-American bloggers? African-diasporic bloggers? Can I get a Negro blogger? (If you think you don't know any, well, I just happen to have a little working list right here.) I'm fondly disposed toward the enterprise, and not just because I won a couple last year. Ladies and gentlemen, I entreat you to read the rules carefully, look out for new categories and start your nominatin' engines!
[...] Merrill Lynch economist David Rosenberg has examined the spending and consuming habits of his colleagues and clients on Wall Street and has created his own "Wall Street core inflation index," which tracks the rise in prices of the necessities of yuppie life: "jewelry, spas, lawn care, health care, sporting goods, housekeeping services, tuition, airlines, hotels, salons, legal/financial services, and dry cleaning." His conclusion: The price of spoiling yourself rotten is rising rapidly. "The Wall Street core CPI is running at 4%, nearly double what it is for Main Street," he wrote in a report on July 28.
In other words, forget about the heat and the Frappuccinos. Sales at Starbucks and its sister high-end retailers may be faltering because the cost of living well is rising more rapidly than the overall cost of living.
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- Kelly, George
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