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DO - though Chinese leader is not "elected" by people ...
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I think
there's an interesting anecdote that I would like to share with our
listeners about the spending habits in Europe and this idea or this
trend, as David points out, to spend more than you have.
If you look at the Summit of the G20 in Cannes last week when all the leaders of the G20 gathered, it's very interesting to look at how much they spent on their hotel suites. President Sarkozy of France, President Obama and Prime Minister Berlusconi spent around 35 to $29,000 on their hotel suite. The Chinese spent 11,000. The British spent 1900.
I
think it says a lot about the approach to spending. And it's true that
austerity measures aren't necessarily the answer to everything, but
spending beyond your means is certainly not the answer either.
Did that include room service or...
