Thursday morning, on my way in to campus, I was listening to NPR. One of the items was an interview with consultant Howard Davidowitz, about the current state of the retail industry. No real surprises -- automobile and restaurant sales are down, off-price sales are strong, Wal-Mart is doing just fine, thank you. What struck my ear was Davidowitz's closing comment that the US standard of living was headed south for several years, at least. He said that like it was a bad thing.
Al Ain, United Arab Emirates
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