Recession a la mode: the poor rich (1)

Article Abstract:

The recession has cause housing prices to drop in wealthy Los Angeles, CA communities like Beverly Hills and Bel Air. Office vacancies are up as is unoccupied retail space. Los Angeles is also suffering from the downturn in the entertainment industry. Economic recovery is expected to occur by 1993.

Finance, Beverly Hills, California

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Let them eat croissants: the poor rich (2)

Article Abstract:

The recession has barely affected the wealthy inhabitants of Greenwich and Westport, CT. They choose their entertainments and nannies a bit more carefully, but not much else has changed. But the unemployment rate has climbed from 1.7% to 4.4% and the demand for social services is greater.

Social aspects, Behavior, Greenwich, Connecticut

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Worthy of his hire?

Article Abstract:

George Bush's trip to Japan with top business officials highlighted the exorbitant pay top corporate officers make. The public is questioning the high salaries in a time of recession, lower profits, and layoffs.

Analysis, Compensation and benefits, Executives, Executive compensation, Chief executive officers, Incentives (Business)

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