Word: concept
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...BRIGHT FUTURE, IF YOU CAN PAY THE RENTNevertheless, two new restaurants are explicitly seeking out that high-quality, mid-priced segment of the market.Wagamama, on JFK St., opened in August. It is one of the first American incarnations of the London-based chain of noodle shops.The restaurant is high-concept and a bit gimmicky. At Bartley’s, they certainly don’t zap orders to the fry cooks via PDA. But Wagamama bustles with students, and its long tables encourage conversation.Paul O’Farrell, chief operating officer of Wagamama USA, says that in the process...
CONSPICUOUS CONSUMPTION Chinese consumers who buy luxury goods do so to show off or to help define their identity. The Asian concept of face?or pride and dignity?is a key reason they invest in expensive brands. In a fast-growing economy, status symbols are the easiest way to demonstrate wealth and power...
...what will the luxury consumer want in 2012? Analysts and experts may have a clear definition of luxury as it pertains to established markets like the U.S., Europe and Japan, but for many affluent consumers in emerging markets like China, India and Russia, the concept of luxury is still new. In this special supplement to TIME magazine, we introduce the Global Luxury Survey, the first in a series that will look at how consumers in different markets around the world define luxury...
Legally, Harvard doesn’t owe anything to the residents of Allston, whose wide diversity spans the categories of race, nationality, wealth, and education level. But the concept of debt makes no sense in the context of a major research institution. Harvard does not do pioneering research because of a need to square the books with others. Harvard is great because it helps people when Harvard owes them nothing, and it is appropriate for Harvard to bring this ethos with it to Allston...
...addition to building environmentally low-impact buildings, could Harvard also be a groundbreaker in low-impact construction techniques? Maybe the concept of being “carbon-neutral” could be extended so the decades of construction alongside our homes would have no net negative environmental effect on our community...