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Also, it's easier to justify a $100 yoga mat than a lot of other expenses. "With hedonic consumption, at some point you're going to feel quite a bit of guilt," says C.W. Park, a marketing professor at USC's Marshall School of Business and editor of the Journal of Consumer Psychology. "If the luxury item has some kind of functional value, you're not going to feel that guilt." You feel like you're investing in your health, so a little splurge can't hurt. Plus, Manduka mats carry a lifetime guarantee. If the mat lives...
...seems a little bit out of your usual line. Well, actually, I manage a couple of stock portfolios or funds or whatever you want to call 'em, and I think I've done relatively well with them. My broker says I'm in the top 1% of fund managers with the results I've been having...
...talk a bit in the book about the underlying causes of the financial crisis. You blame the overreaching of American consumers - their greed, in fact - as being one of the root causes of this. I don't think there's any question about it. I think you take it all the way up the line: the guy who is barely scraping by decides he's going to get a $400,000 mortgage; the mortgage broker who knows good and well that the mortgage isn't a suitable one but who passed it up the line to Wall Street; the ratings...
...Despite their tight funds, Martell and his partners hope to buy or borrow as many of Marceau's belongings as possible to create a museum of his life and work. They may get a bit of help from one big spender: the French state. During Tuesday's bidding, an official from France's National Library reserved its right to 20 works of art depicting Marceau onstage. That means that at least some of the mime's legacy has been deemed worth preserving as part of France's national patrimony - a view to which Marceau himself would surely doff his famous...
...ballot initiative will put California back into the gay-marriage fight, which has considerably broadened in the months since Prop. 8 passed. States like Vermont and Maine have embraced gay marriage, and New York is among others that may do so soon. And in a telling bit of irony, Moreno began his dissent by quoting not from his own court's historic 2008 opinion, but from one issued earlier this year in Iowa. "The 'absolute equality of all' persons before the law [is] 'the very foundation principle of our government,'" he wrote...