The Occupy Wall Street Protests that started in September 2011 & and then spread across the nation have highlighted ongoing problems of massive unemployment & income inequality in the U.S. Elected officials, various members of the news media, & even a few of my own friends have mocked this movement. I believe that it is possible to find a different story for every day of the year that answers "Why They Occupy".
Monday, January 23, 2012
Luxury Goods Selling as 1% Go Shopping (for 12/14/11)
Tiffany, Burberry, and Neiman Marcus are some of the luxury retailers who are benefitting from the top 1% of the population's immense wealth. Their sales are up. Best Buy, Sears, Target, and other retailers with mostly middle class customers are not doing as well.
http://abcnews.go.com/Business/holiday-luxury-sales/story?id=15157173
Labels:
Best Buy,
Burberry,
Luxury Goods,
Middle Class,
Neiman Marcus,
Sears,
Target,
Tiffany
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