What Do iPhones and Designer Jeans Have in Common?

Some things just defy gravity. Sales of the Apple iPhone are as hot as ever, recession or not. McDonald's is doing well too. So is Internet access. Why, in down times, are some things still going up? Why do some things remain as can't-live-without necessities, even while they cut back on luxuries? Make no mistake: there are not a lot of success stories. A survey just out from the Pew Research Center shows that "Americans are paring down the list of familiar household appliances they...Full Story
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