Tuesday, October 7, 2008

One Tires of Making References To...

The French Aristocracy on the eve of the Revolution, but::

Economic Downturn Isn’t Slowing Luxury Box Sales

The NY Times
By Katie Thomas and Richard Sandomir

With the economy in crisis and Wall Street in turmoil, will local sports teams be forced to place vacancy signs on the scores of luxury suites being built in their new stadiums?

Don’t expect a stampede for the bleachers just yet, several team executives and industry observers said recently. They noted that the concentration of corporate headquarters in New York — combined with the marquee appeal of locations like Yankee Stadium — meant that demand for luxury suites was not likely to fade anytime soon. At some of the new stadiums, the suites are already sold out.



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Being a fan of Edmund Burke, means, of course I am no fan of the French Revolution, but if the NYT is not lying or just taking the Sports Teams words on face value (a stretch, I know) then corporations are utterly out of touch, or oblivious to the deep, growing anger among 'the people'. In midst of a tax payer funded bailout they are boozing it up in tax deductible, taxpayer bond financed luxury sky boxes?

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