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Wednesday, July 15, 2009
Recession finally reaches Nantucket
CBS News reports: Recession Reaches Nantucket Island
Blue-collar families here rely on work from Nantucket's wealthy summer residents.

But Gould's one-man operation is down about two thirds, from 21 calls a week, to 7 calls a week.

"Just trying to keep thing going. Support your family. Making sure the bills are paid. It's a challenge," said Gould

They've cut $300 from monthly spending. Dining out four times a month is over. And on the home menu, less fresh fish -- it's too expensive.

"Instead of having fish four times a month, we have it a couple of times a month," said his wife Carolyn.

That means fewer trips to fish markets like Sayle's Seafood -- a wholesale and retail business Charlie Sayles started in 1968.

A two pound lobster that used to sell between $8.50 to $10 per pound now sells for $6.50 per pound.

Watch CBS Videos Online

Every time I hear stories of Nantucket and money I think of this classic limerick (and poor Nan - see, marrying for security and relying on Daddy's money is never the answer!):

There once was a man from Nantucket
Who kept all his cash in a bucket.

But his daughter, named Nan,
Ran away with a man

And as for the bucket, Nantucket.

But he followed the pair to Pawtucket,
The man and the girl with the bucket;

And he said to the man,
He was welcome to Nan,

But as for the bucket, Pawtucket.

Then the pair followed Pa to Manhasset,
Where he still held the cash as an asset,

But Nan and the man
Stole the money and ran,

And as for the bucket, Manhasset.

Of this story we hear from Nantucket,
About the mysterious loss of a bucket,

We are sorry for Nan,
As well as the man—

The cash and the bucket, Pawtucket.
posted by Boston Gal @ 9:57 PM  * *

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Name:Boston Gal
Location:Boston, Massachusetts
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Current: $521,946.62
Goal: $3,376,500.00

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