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Originally Posted by Lidador
Nothing new there: in times like these, the rich get richier, the poor get poorer. Middle classe vanishes.
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You said it.
As for the art sale, it can be argued that we're looking at a diversification of assets for newly-minted millionaires.
Quote:
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Auctioneers said that the enormous spending power of Russian and Middle Eastern collectors has helped the British art market to thrive this summer, despite hard economic times.
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Troubling from a global economic standpoint, actually: if the leaders of capital markets from BRIC currently find that their capital is best spent on Western relics, then emerging markets are doomed, and so are their investors.
Just to get back to the original point, the extra TLD issue, I think what we're talking about here is trust. .Com is certainly as trusted as any TLD on the net, and there are certain TLDs that simply are not trusted. If we wake up one day and the top ten google SERPs for cars are:
cars.bob
cars.sex
cars.manchester
cars.info
cars.blog
cars.cars
cars.used
cars.auction
cars.google
cars.com
I feel confident that the .com will get more than its fair share of clicks (And way more typeins) than the rest.