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5. Conspicuous Consumption Is Safe. It used to be hard to tell rich from poor in Baghdad, especially outside the Green Zone. Fear of being kidnapped for ransom prompted many wealthy Iraqis to feign poverty. Living below one's means became an art form: decrepit cars, cheap cell phones, minimalist...
Amid the economic downturn, Americans are buying fewer new cars and light- trucks, or even used cars. In recent weeks, GM announced a third- quarter loss of $2.5 billion. And the major automakers have stirred a vigorous debate over how much, if at all, the federal government should be involved...
Those gathered were furious at what one worker, who gave his name as Mr. Shao (he declined to provide his full name), described as "the pittance they are offering us." They refused to leave the plant, and according to eyewitnesses, security guards started to get aggressive, pushing and shoving them...
Another day, another strike. But this isn't France or India. It's China. On Nov. 27, yet another Chinese city was hit by a work stoppage by its taxi drivers, this time in Chaozhou, a city of some 2.5 million residents in the southern province of Guangdong. Repeating the...
Meanwhile, at Nariman house, a crowd had been waiting all day for the operation there to be finished. As of 8:45 p.m. (9:45 a.m. Eastern time in the U.S.), it was still going on. Earlier in the evening, the police, who had been pushing the crowd away, started...