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...Mail deliveries, like hemlines, always drop in economic downturns. But the current pinch is worse than usual. One reason: the housing and financial sectors were once gold-star postal customers, but since their cash flows have slowed to a trickle, their direct-mail marketing campaigns have all but dried up. Mortgage direct mailings declined 57% from the first quarter of 2007 to the first quarter of 2008, according to the Chicago-based mail and advertising tracker Mintel Comperemedia. And credit card offers by mail sagged 28% from the third quarter of 2007 to the third quarter of 2008, dropping...
...usual, this feature was smart, irreverent and entertaining. Maybe you could also have added "Top 10 Magnifying-Glass Manufacturers?" Type as small as that is usually found at the bottom of legal documents. Robert Wilson, PORDENONE, ITALY...
...Kinsley falls prey to Frederic BaStiat's broken-window fallacy. Just as a broken window creates work for the glazier at the expense of the window owner, money that Kinsley hopes to inject into the economy must first be taken out of it. Add in collection costs and the usual political malfeasance, and we have a net loss to the economy. There's more: Kinsley argues that last summer's high oil prices were essentially a tax on consumers; the money just went to oil companies instead of the government. But he forgets that oil companies do not have control...
...course, it'll take much more than a few weeks of populist outrage to challenge the purgatorial murk that defines India's politics as usual, as well as the grim injustices that shape its stratified society. But it is this Mumbai that shelters Dante's manuscript: a metropolitan home to all sorts of stories, still glittering with epic possibility for the thousands who flock here every year from all corners of this vast country, including the beggars and garbage collectors and tiffin carriers who continued with the many Sisyphean struggles of their lot in the days after the attacks. More...
...Bastiat's broken-window fallacy. Just as a broken window creates work for the glazier at the expense of the window owner, money that Kinsley hopes to inject into the economy must first be taken out of it. Add in collection costs and the usual political malfeasance, and we have a net loss to the economy. There's more: Kinsley argues that last summer's high oil prices were essentially a tax on consumers; the money just went to oil companies instead of the government. But he forgets that oil companies do not have control over their prices. If they...