Rich Feel Good Again About What They Do Best: Caroline Baum
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The world is beset by crises, from an earthquake and tsunami in Japan to revolution and repression in the Middle East. For one small segment of the population, however, it’s party time.
The rich are spending again; the more conspicuous the consumption, the better. Gone are the exhortations to bankers in the dark days of 2008 and 2009 to temper extravagant behavior, act more like an everyman, shun the limo in favor of a yellow cab, and tone down the annual Christmas bash.