Woe?

I haven't been taking pictures lately because my Nikon, freshly out of warranty season by a few weeks, decided to take the last train west. Something in the motherboard fried and then the flash died. So, that little picture game went tits up until I get a new camera.

Since there are no more pretty pictures to look at for a bit, I'm reposting a Miami Herald article that ran today written by Martha Brannigan. To sum it up, the richest of the rich are getting richer and richer right now, and we, yeah you and me, are scraping pennies out of the bottom of jars to clean our clothes.

Enjoy:
The 223-foot vessel, with a glass elevator spanning six levels and a dance floor, epitomizes the over-the-top, if-you've-got-to-ask-the-price- you-can't-afford-it sector of the boat market. And the sector is red hot.
As the housing slump and the sputtering U.S. economy spur consumers to cut back, much of the boating industry is in the doldrums. The number of powerboats sold is expected to plunge about 10 percent this year, and many exhibitors at the show, which opens Thursday, are cautious about prospects.

Yet builders of superyachts -- boats 80 feet or longer -- have full order books with delivery dates well into the next decade.

''The megayacht market is very resilient,'' says Frank Herhold, executive director of the Marine Industries Association of South Florida, which owns the Fort Lauderdale show, the world's largest in terms of exhibition space. ``It looks like full speed ahead.''

Behind the boom: an explosion in the number of rich people, who covet ever bigger and fancier yachts to round out their opulent lifestyles. On top of some 4,500 superyachts in operation, 700 are under construction, straining capacity at many of the world's shipyards.

''The personal wealth of the world is growing by quantum leaps,'' says Buddy Haack, a Fort Lauderdale-based representative for Lürssen Yachts, a 132-year-old yacht maker based in Bremen, Germany. It's the company that constructed the Kismet for an Ohio auto-parts magnate. ''Demand [for superyachts] is stronger than supply. We're backed up until 2013 for a deliver,'' Haack said.

RICHER AND RICHER

The number of ''ultra-high-net-worth'' individuals -- defined as those with at least $30 million in assets, excluding their primary homes and consumable goods -- rose 11.3 percent last year to 94,970, according to the 2007 World Wealth Report released in June by Merrill Lynch and Capgemini.

Forbes magazine, in its 2007 survey, tallied 946 billionaires worldwide. That includes 178 new ones and 17 who returned to that rarefied realm after falling short for a period. Two-thirds of the billionaires are richer than last year, the magazine said. And what's a billionaire without a really big boat?

Ten years ago, a 165-foot yacht was huge. Today, 250- to 300-foot is increasingly common. Many are bigger. That means more amenities: submarines; helipads; gymnasiums; big bars; movie theaters. Some have 35-foot tenders that are fancy boats in their own right.