As an economic blizzard blows millions on to the unemployment queues and closes factories, it is worth noting that the super-rich are still managing to survive. "The market for diamonds is forecast for further soaring growth, outstripping even the buoyant wider luxury market, spurred by burgeoning demand from Asia. .. Bain & Company has forecast that spending will rise between 9 and 11 per cent this year because of a scarcity of large diamonds and continued demand among a cabal of billionaires." (Times, 9 June) RD
The Glasgow & Edinburgh Branches Blog. Towards a better understanding of the world, in order to change it.
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Paternalism is a common attitude among well-meaning social reformers. Stemming from the root pater, or father, paternalism implies a patria...
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Russia's dictator is probably a billionaire...Vladimir Putin has a collection of timepieces worth almost six times his official annual salary of £72,000. One of the watches - made from platinum with a crocodile skin strap - sells for more than £300,000 alone:
http://tinyurl.com/7t8fzv2
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