The Bush effect is clearly taking hold as the wealth of the world's mega-rich soared upwards at its fastest rate in the past seven years, and the past seven years have been good ones for these lucky few. These folks have become so important to themselves that they now have an inflation indicator all their own; the Cost of Living Extremely Well Index (CLEWI*). Unfortunately for the extremely wealthy the cost of the things that affect their lives most, designer handbags, tuition at Harvard University and filet mignon, rose at nearly twice the rate of normal inflation during the same period but not as fast as their wealth did!
*In a nod to Paris Hilton's new found importance amongst this elite group next year's CLEWI is set to include criminal defence attorney fees and bail costs but is to drop knickers, no matter how posh.
*In a nod to Paris Hilton's new found importance amongst this elite group next year's CLEWI is set to include criminal defence attorney fees and bail costs but is to drop knickers, no matter how posh.
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