The newspapers may be full of economic crisis with mounting unemployment and increasing poverty for millions, but it is not all bad news. "Their wardrobes are packed with haute couture and designer accessories but for the world's super-rich shopping is no longer enough: lavish one-of-a-kind travel adventures are the latest status symbol. Helicopter skiing in Alaska or a getaway to luxury goods group LVMH's exclusive hideaway in the Maldives are the current trends for the growing number of millionaires, according to a report. It predicts that, despite the eurozone crisis, spending on luxury goods will hit $1.5tn (£975bn) this year as the wealthy look for novel ways to spend their riches." (Guardian, 5 June) For the super-rich it is a case of we never had it so good. RD
The Glasgow & Edinburgh Branches Blog. Towards a better understanding of the world, in order to change it.
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