Word: consumersâ
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...have been put off by this country's high import taxes (up to 50% for watches) and its shabby retail environment (there are no upscale shopping streets and few malls). But today India is experiencing a mall-building boom, perhaps a response to the sharp rise of newly affluent consumers???many under age 25. Analysts at Bain & Co. predict that the luxury market could grow 25% a year over the next three years?a far cry from the days when it was the exclusive preserve of Cartier-bedecked maharajas...
After Trading Up, I talked to a lot of people about new luxury, and consumers???mostly women?would say, "You only got half the story. You got the trade-up part, but in order for me to afford to trade up, I cut corners." They would tell me stories about particular treasures that they had found. So the book became a demonstration of the fact that the middle-class consumer is actually saving money...
...court will be less venturesome in staking out new positions," contends Kurland's Chicago colleague, Phil Neal. As a result, new constitutional claims by a variety of special-interest groups?tenants, ecologists, the poor, welfare recipients, consumers???are not likely to be warmly received. A similar desire to stay out of new constitutional waters may well doom such pending contentions as the claim that the death penalty is cruel and inhuman punishment, thus a violation of the Eighth Amendment...
...need for a slowdown was evident. But now, to an ever-growing number of businessmen, workers, consumers???and voters?the game plan sounds like an exercise in fantasy. The awkward months have lengthened into painful seasons, and the alleviation of inflation that was supposed to be worth all the unpleasantness seems nowhere in sight. In his 16 months in office, Nixon has posted an unenviable economic box score...
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