Baby Bounce

By Econ70 | 06/21/2013

The Friday File: Retailers expect Britons to spend $100 million toasting the arrival the Duke and Duchess of Cambridge’s first child in July. Another $40 million will be spent on party food, $207 million on commemorative memorabilia and books and $38 million on toys. All totaled, almost $400 million not including the “Kate Effect” which…

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Costly Crown Celebration

By Econ70 | 05/04/2011

Economists, those killjoys, are busy adding up the cost of the UK royal wedding, and all associated matrimonial festivities. At one end an economist thinks it will knock 1.5% or $15 billion off UK GDP as that equals one day’s work. Another says it will cost just 0.2% or $2 billion or 1/5th of a…

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