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Brett Arends, SmartMoney How the Occupy Wall Street crowd can profit from the wealthy's fancy taste. It's been nine months since Occupy Wall Street first launched its campaign, but if the wealthy 1 percent is feeling any strain, it's doing a very good job of hiding it. Sales of high fashion, luxury cars and other fancy baubles are booming. Porsche sales in the U.S. jumped nearly 15 percent last year. Hermés reported that its sales were up 26 percent. Imports of Swiss watches rocketed nearly 29 percent in the first three months of 2012. The world's biggest luxury-goods company, LVMH Moet Hennessy Louis Vuitton — which makes products ranging from luggage to champagne — reported a terrific first quarter. These companies have left the overall economy in their wake. Read More
Robert Asahina has been a newspaper and magazine editor and writer, a book publishing executive and editor, and a data management consultant. He was editor in chief and deputy publisher of Broadway Books, president and publisher of the adult publishing group of Golden Books, and vice president and senior editor of Simon and Schuster; deputy managing editor of The New York Sun and an editor at The New York Times Book Review, Harper's, George, and The Public Interest; and a consultant at Freddie Mac. He is the author of "Just Americans" and of numerous articles and reviews for The Wall Street Journal, Harper's, The New York Times Book Review, and elsewhere.
How Trade Spreads Holiday Cheer
It is projected that the average American household will spend more than $1,000 during the holidays this year.
Deporting Salvadorans May Lead to Economic Decline
We should think carefully about a policy whose major impacts are likely to be reductions in employment and economic activity here at home, and increased instability and lawlessness along our borders.
Bush Institute's Laura Collins Talks Immigration on Good Morning Texas
Last week, Deputy Director of Economic Growth at the George. W. Bush Institute Laura Collins spoke with Good Morning Texas about immigration myths. During the interview, Collins had the opportunity to set the record straight and address common misconceptions about legal immigrants living in America today. The segment was inspired from facts released earlier this fall by the Bush Institute in the third edition of America's Advantage: A Handbook on Immigration and Economic Growth. Watch the full Good Morning Texas interview here.