Tuesday, March 11, 2008

Part of the Rise in the Cost of Living

Political news junkies were worried about how to keep themselves occupied during the six weeks between the Texas/Ohio and Pennsylvania primaries.

Thank you, Eliot Spitzer, for coming to the rescue.

The Wall Street Journal brings its business perspective to the unfolding story: ("How the New Rich Are Changing the Oldest Profession"):
the wealth boom — and the explosion in the number of multi-millionaires — has created entirely new pricing levels for escorts. According to the complaint, the Emperors Club escorts charged between $1,000 and $5,000 an hour, depending on their “rankings.” Clients could also pay between $25,000 and $50,000 for a three-day visit. It may be the world’s oldest profession: but the prices reflect the new realities of wealth.

No comments: