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"While there's a minority of parents who think an American education superior, I think most see an American college degree as a luxury goods item — they want the 'face' value of an American-educated child.
By contrast, "The Book of Mormon" and "The Producers," to cite two other runaway successes of the new millennium, helped make popular musicals a luxury goods item for the expense account set.
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Demand for durable goods, items expected to last at least three years, dropped 4.9 percent.
For March, orders for durable goods — items expected to last at least three years — rose 2.9 percent.
Trade in "Veblen goods" — items that are more desired as they become more expensive — is strong.
In April, orders for durable goods — items built to last three years or longer — were better than expected.
Orders for nondurable goods, items not expected to last at least three years, were down as well in November, falling 0.2percentt after posting a 0.6percentt increase in October.
And sales of durable goods, items meant to last at least three years, rose 0.3 percent, while inventories of those goods fell by the same amount.
The New Yorker, March 10 , 1951P. 24 A canned-goods item labelled Early June Midget Petit Pois Peas has appeared on the market.
By J. Tichenor and Geoffrey T. Hellman The New Yorker, March 10 , 1951P. 24 A canned-goods item labelled Early June Midget Petit Pois Peas has appeared on the market.
It might make a good item for his next column.
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CEO of Professional Science Editing for Scientists @ prosciediting.com