"Charles, the Prince of Wales, doesn't exactly have to save for a rainy day: he collects Aston Martins, has three chauffeurs and holds overseas investments totaling at least $68 million. But as Britain copes with a bleak economic forecast and austerity measures meant to tackle its $230 billion deficit, the future King has embraced a royal version of frugality sure to make playboy princes around the world quiver: he's cutting back on canapes, and he's hosting drinks parties instead of lavish dinners. "We are always keeping an eye on the economic climate," Charles' private secretary, Michael Peat, told reporters in London on June 29. "We do live in the real world for the most part anyhow." (Time, 3 July) RD
The Glasgow & Edinburgh Branches Blog. Towards a better understanding of the world, in order to change it.
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