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This will add to clubs' costs at a time when incomes are falling.
The first is that the economic pain of the increased tax comes at a time when incomes are still stagnating.
Prices have more than doubled over the last 10 years at a time when incomes have been squeezed, and consumers are not convinced that price increases that they see are either fair or justified," he said.
Similar(53)
The gallery, which draws six million visitors a year, said it needed more flexibility at a time when income was decreasing.
The continued expansion comes at a time when income from N.Y.U.'s $1.2 billion endowment has shrunk; the income was about $80 million less than what the university had budgeted for 2002.
These pools of money will let the state avert deep cuts in services and proceed with planned tax cuts at a time when income tax revenues have dropped because of last year's recession and the terrorist attack.
"The rise in consumer confidence in November is not consistent with a sustained acceleration in consumption growth at a time when income growth is weak, the unemployment rate is high and a double dip in house prices is under way," said Paul Dales, United States economist at Capital Economics.
But after the financial crisis, Southern Cross was hit by a triple whammy: falling property prices put the brakes on what proved to be a reckless expansion programme; tough economic conditions saw local councils freeze or lower fees for residents; and worst of all, the company was now locked into rising rents at a time when income was being squeezed.
At a time when income inequality and stagnant middle class incomes look set to dominate the next presidential race, it would have been hard for him to reinvent himself.
Councils have been accused of raking in money from parking fines and enforcement penalty notices for driving offences at a time when income from other sources - such as government grants and council tax - is falling.
At a time when income inequality and stagnant middle class incomes look set to dominate the next presidential race, it would have been hard for him to reinvent himself - although over the past few weeks, as he hinted at a run, he had been trying.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com