Thursday, May 26, 2005
STREET-LEVEL ECONOMICS
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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JAMES MARTIN CAPOZZOLA
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James Martin (Jim) Capozzola launched The Rittenhouse Review in April 2002, TRR: The Lighter Side of Rittenhouse, HorowitzWatch, and Smarter Andrew Sullivan in July 2002, and Bulldogs for Kerry-Edwards in October 2004. He is also a contributing member of President Boxer.
He received the 2002 Koufax Award for Best Post> for "Al Gore and the Alpha Girls" (published November 25, 2002). Capozzola's record in the Koufax Awards includes two additional nominations for 2002 (Best Blog and Best Writing), three nominations for 2003 (Best Blog, Best Series, and Best Writing), and two finalist nominations in 2004 (Best Blog and Best Writing).
Capozzola’s experience beyond the blogosphere includes a lengthy career in financial journalism, securities analysis, and investment research, and in freelance writing, editing, ghost-writing, and writing instruction.
He earned his bachelor's degree in political science from the University at Albany and a master's in foreign affairs from the University of Virginia.
Capozzola lives in Philadelphia with his bulldog, Mildred.
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