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Or Maybe The Financial Crisis Isn't That Bad, After All...

Here's one to counter the ubiquitous rich-tightening-their-belts features.

It seems the Italian elites are still doing OK.

Our Moldova Service is reporting that, despite the financial crisis, there's no sign that the 170,000 Moldovans, mainly working in housekeeping, are about to lose their jobs.

Moldova's ambassador to Italy, Gheorghe Rusnac, said, "These are the kind of jobs that won't go away, because Italians can't live without [such help]."

Of course, what we "can't live without" is the most relative of notions these days. But for now, that's good news for well-off Italians and for the hundreds of thousands of Moldovans relying on remittance payments.

On a lighter note, blogger Marc Stober writes a "corporate memo" to his family about belt-tightening in these trying times. It's worth a quick read.

-- Luke Allnutt

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