Much to be Thankful For
The positive economic news.
12:00 AM, Nov 27, 2010 • By IRWIN M. STELZER
Throw in a few anecdotes. Lower-income customers (and some more affluent than that) are streaming into discounters Dollar General, Family Dollar and Dollar Tree, supporting the opening of 1,000 new stores so far this year. Middle income consumers are returning to New York City’s restaurants. And at the luxury end, Wall Streeters are again bidding for art and for summer homes in the Hamptons, and Hermés and high-end jeweler Tiffany are reporting banner starts to the holiday season, the latter driven in part by sales in overseas shops and entirely by sales of its higher-priced goods.
Let’s call it a mixed picture, which still beats the unrelieved gloom of just a few months ago.
There is a final reason that we should be grateful that we enjoy the freedom and bounty of America. The Wall Street Journal reports that studies show that “Adults who frequently feel gratitude have more energy, more optimism…and more happiness than those who do not…They earn more money, sleep more soundly, exercise more regularly and have greater resistance to viral infections.”
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