NEW YORK NOTEBOOK : The Large and the Small of It
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The Democratic Convention is an exercise in both macro-and micro-economics. The office of Mayor David N. Dinkins predicts by the time all the delegates, journalists and staff members depart at the end of the week, New York City--battered by the recession--will have gained $27 million in tax revenue. Municipal economists estimate that each delegate will spend an average of $353 a day. On the micro side, even booksellers were receiving part of the convention dividend. At a bookstore near Madison Square Garden that stocked up on Democratic tomes, customers were snapping up Albert Gore Jr.’s “Earth in the Balance.” Peter Cesaire, 22, behind the register at Barnes and Noble, said the Gore book was outpacing sales of a Clinton biography entitled “Young Man in a Hurry.”
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