Word: shillinger
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. Drunkenness: five shilling or a "publick confession."
The Big Apple parades the usual assortment of acts. There are horse tricks, clowns, acrobats and a band. This array has changed surprisingly little in two hundred years. In 1770, Philip Astley, a skilled equestrian who could ride balanced on his head, brought together in one ring "Chinese Shadows, Tumbling...
Even so, the sheer size of the consumer debt burden remains a threat to the health of the economy. "The whole idea of stretching out debt maturities to provide a soft landing is a snare and a delusion," contends economist A. Gary Shilling. "When you go into default, the total...
What adds a quaint, almost innocent flavor to this bygone controversy is the outmoded notion that department stores wait patiently until the end of Thanksgiving to unveil Santa's workshop. Now, of course, four-year-olds are still gorging on Halloween candy when the Saturday-morning ads begin their incessant...
And the middle class? As some of its members fall into poverty and others acquire wealth, it has been shrinking. Economic consultant and investment adviser Gary Shilling calculates that the group made up of households earning from $20,000 to $60,000 a year in inflation-adjusted 1985 dollars has...