The Rittenhouse Review

A Philadelphia Journal of Politics, Finance, Ethics, and Culture

Thursday, May 26, 2005  

Complete With the Two-Handed Economist

On the one hand (“They Sell No Fake Before Its Time,” by Tracie Rozhon and Rachel Thorner, New York Times, May 26):

Street vending in New York is as old as pushcarts. But now, buying from Manhattan’s vendors has grown increasingly chic, especially among young people. Although there are no official numbers of shoppers or total sales -- vendors are not required to report such figures -- city officials and regulators agree: the number of street vendors has grown exponentially, the sellers have diversified their wares and business is booming.

On the other hand (“Fake Goods Benefiting Extremists?” by Lara Jakes Jordan, Associated Press, as carried by the Philadelphia Inquirer, May 26):

Buying knockoff designer handbags and Hello Kitty T-shirts on city street corners may ultimately be helping violent groups such as Hezbollah and Hamas, law-enforcement officials and experts testified [in Washington] yesterday.

Profits from faux Chanel, Louis Vuitton and Prada purses, scores of pirated DVD movies, and counterfeited clothing and other goods have been traced to supporters of extremist organizations, the experts said.

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