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Tuesday, January 08, 2013

RECESSION? WHAT RECESSION?

We are at present living through an economic recession and we are told by the mass media that we all must share the hardships of these straitened times, but it seems that some are faring better than the rest of us. 'The richest people on the planet got richer in 2012, adding $241 billion to their collective net worth, according to the Bloomberg Billionaires Index, a daily ranking of the world's 100 wealthiest individuals. .... Amancio Ortega, the Spaniard who founded retailer Inditex SA, was the year's biggest gainer. The 76-year-old tycoon's fortune increased $22.2 billion to $57.5 billion, according to the index, as shares of Inditex, operator of the Zara clothing chain, rose 66.7 per cent.' (Chicago Tribune, 2 January) RD

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