{"id":13150,"date":"2009-06-03T14:32:32","date_gmt":"2009-06-03T14:32:32","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/la_times_frugality_turns_fashionable_as_recession_hits_the_wealthy\/"},"modified":"2009-06-03T14:32:32","modified_gmt":"2009-06-03T14:32:32","slug":"la_times_frugality_turns_fashionable_as_recession_hits_the_wealthy","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=13150","title":{"rendered":"LA Times: Frugality turns fashionable as recession hits the wealthy"},"content":{"rendered":"<p>Months before financial markets collapsed in fall 2008, boutique proprietor Lee-Lee Sprenger noticed that her usually free-spending customers were flinching at $900 price tags on sweaters fresh from Italy. Sales at M\u00c3\u00a9lange on Montana Avenue in Santa Monica have been sinking ever since.<\/p>\n<p>&#8220;We&#8217;re barely making it here on Montana,&#8221; she said. &#8220;Most of the businesses have had a 60% drop in sales.&#8221;<\/p>\n<p>Sprenger is holding on, barely, but dozens of empty storefronts and &#8220;going out of business&#8221; signs along the tony shopping street attest to the pervasive misery afflicting merchants.<\/p>\n<p><a href=\"http:\/\/www.latimes.com\/news\/local\/la-me-westsideecon2-2009jun02,0,4956740.story\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Months before financial markets collapsed in fall 2008, boutique proprietor Lee-Lee Sprenger noticed that her usually free-spending customers were flinching at $900 price tags on sweaters fresh from Italy. Sales at M\u00c3\u00a9lange on Montana Avenue in Santa Monica have been<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=13150\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,582,149,596],"tags":[],"class_list":["post-13150","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-consumerconsumer-spending","category-economy","category-the-credit-freeze-crisis-of-fall-2008the-recession-of-2007"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/13150","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13150"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/13150\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13150"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13150"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13150"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}