New reports indicate that luxury sales in mainland China have fallen by approximately 10% so far this year, and talking to those who used to buy European brand bags and clothes, it’s going to be virtual austerity for the foreseeable future.
Tag: middle class
The Argentine comic strip, who is now about to get its own Netflix series, was created at a time when Latin America was going through political censorship. A testament to Mafalda’s innocent-but-serious attitude toward world problems, an excellent example of how young people often see more clearly than the rest of us.
Uncertain economic conditions and divisive posturing in favor of the Global South may send Brazilian President Lula da Silva’s middle class voters back to the Right, where his predecessor Jair Bolsonaro is maneuvering between criminal charges and a return to the presidency.
ST LOUIS — I’m the guy who never answered the phone when caller ID said “Number Unavailable.” I don’t want every opinion, every perspective, and every trend to be visible to those who would mold public opinion. I am suspicious that had the power brokers in Washington known what was coming, they’d have found a way to get Hillary Clinton into office. I didn’t want that. I’m fed up. Enough is enough. I want my country back. This is supposed to be a government of the people — not of the banks, lobbyists and foreign donors. I am one of […]
Demonizing the rich, a pastime of Colombia’s political Left, doesn’t help social progress. Yes, the rich must pay a high share of taxes, but capital and opportunity cross borders like never before.
CAIRO — Yasmine Hamed worked hard to save money for her marriage five years ago. But by the time her daughter Jannah was old enough for school, she realized that the savings race would have to start all over. Hamed had stopped working as a secretary after bouncing between two jobs so she could finally […]
Economic growth has brought more people into Latin America’s middle class, a first but insufficient sign of progress in one of the world’s most unequal regions.
TEL AVIV — The Israeli middle class is tired of paying a full hour’s salary for a few bites of street food — and the market is reacting. Cofix, a leading coffee to-go chain, broke all the rules and came up with the symbolic price of 5 shekels ($1.40) for either a cup of coffee, […]
TEL AVIV — The school year is starting soon, and with it comes another not-so-small burden on families around Israel: pre-school and pre-elementary education can cost up to one-third of a person’s gross salary, even in upper-income cities and towns. Indeed, child care expenses for young families was a central point of contention during the […]
Shiva was not like the other detainees in the Argentina prison. For one thing, this convicted kidnapper was studying to be a lawyer — which turned out to be the ticket for his daring escape.
NEW YORK – In the focus groups he organizes to understand American voters, Democratic Party pollster Stan Greenberg says lately participants have actually broken down emotionally when answering questions about their lives. “Three-quarters of the population are struggling. Families are overwhelmed, salaries have decreased by 20% and health benefits are falling,” Greenberg, co-author of the […]