Word: frugalities
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...Macy's Re Bill Saporito's the Moment [Nov. 30]: It's ridiculous to encourage Americans to spend themselves into further trouble this holiday season. It used to be "American" to spend more than you had. Retailers have had their way for years. Now that Americans are more frugal, stores weep about their lost 30% markups. Does anyone really care about that now? Most people are trying to hold on to their homes, their savings, their retirements. There is nothing wrong with a little Pilgrim virtue when it comes to saving more and spending less. Bruce McPhee West Yarmouth, Mass...
...dining, the hotel offers the Spice Market (a branch of Jean-Georges Vongerichten's New York eatery, serving dishes inspired by Asian street food) or W Kitchen (another Vongerichten creation), but the neighborhood is packed with good, cheap eateries. You'll definitely want to skip the overpriced and frugal hotel breakfast and head instead to nearby Besiktas Market where Kaymakci Pando, a popular hole-in-the-wall, has been serving up a traditional Turkish spread of buffalo cream, honey, fresh bread, olives and eggs for nearly as long as the Akaretler Row Houses have been around. It's good...
...nations of every age have consistently done well because of the values listed in the report. Would America have succeeded without the ambition of its founding fathers or their vision of the future (lessons 1 and 5 respectively)? Lesson 4 is a little more than a reflection of the frugal prudence that initially made the West so successful. And education and age care (lessons 2 and 3) have always been key to social stability and progress, no matter where you go. You could witness all those values in FDR's New Deal. The difference between modern America and China...
...about money, though, says Farrell. Taking an unexpected turn, the author writes that going green is an aspect of contemporary thrift. Being mindful of the earth is a corollary of being frugal: "Being energy conscious at home, buying clothes at yard sales and vintage stores, and similar thrifty actions both save money and reduce our impact on the planet." Simplify, simplify, simplify...
...Bill Saporito's the Moment [Nov. 30]: It's ridiculous to encourage Americans to spend themselves into further trouble this holiday season. It used to be "American" to spend more than you had. Retailers have had their way for years. Now that Americans are more frugal, stores weep about their lost 30% markups. Does anyone really care about that now? Most people are trying to hold on to their homes, their savings, their retirements. There is nothing wrong with a little Pilgrim virtue when it comes to saving more and spending less...