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What's the one luxury you couldn't give up?(FROM THE EDITOR)
- Article from:
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Sarasota Magazine
- Article date:
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June 1, 2008
- Author:
- Daniel, Pam
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Copyright informationCOPYRIGHT 2008 Clubhouse Publishing, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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not everybody is cutting back these days. Consider the nation's top 25 hedge fund managers, who brought home $16 billion in bonuses this year and, according to the Wall Street Journals "Wealth Report" blog, gleefully intend to spend even more this year than last. That won't be easy--in 2007, top fund managers shelled out about $4 million each for art, $582,000 for jewelry $318,000 for watches and $135,200 for luxury spa services.
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But as Carol Tisch reports in this issue, many Saraso-tans don't share those fund managers' all-too-rational exuberance. And it's not only those who have lost their jobs or investment properties who are reining in their ...
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400 words
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276 words
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432 words
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