Monday, September 24, 2007


Many workers get upset when the landlord ups their rent, but really they are getting upset about nothing when you consider the plight of members of the capitalist class. "A record has been set for the world’s most expensive office rents after Permal, a hedge fund group, committed to occupy two floors in the West End – in spite of the woes in financial markets. The group, an international fund of funds which is part of Legg Mason, agreed on Friday to pay £140 and £130 per sq ft for the fifth and sixth floors of 12 St James’s Square, a redevelopment by D2, a private Irish group." (Financial Times, 21 September) RD

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