Word: consumerized
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Those SUVs are no joke. In the U.S., where 70% of oil is used for transportation, any energy policy is necessarily also an automobile policy. The single key insight of Lovins' report is to focus on the need to reduce the weight of cars (without sacrificing safety) by using advanced...
Despite rising interest rates, staggering energy prices (gasoline has climbed 30% in the U.S. in the past year) and the general state of unrest in the world, conspicuous consumption is back. According to a study by the Italian association Altagamma, U.S. sales of high-end goods grew 27.7% in the...
It's a pretty stark contrast to a year ago when luxury players were desperately searching for signs of recovery after months of falling stock markets and lackluster consumer confidence brought on by the Sept. 11 attacks. "What's happened is there is a necessity for a feel-good factor...
One might think only a true connoisseur could discern, or care about, the nuances of different superpremiums, in the same way fans of single-malt Scotches and small-batch bourbons latch on to favorite labels. But the goal is to add more cachet than character to the drink. Training drinkers...
Consumer goods have their merits, but the hardest-to-get luxuries have no price tag. Privacy. Sanctuary. Retreat. A feeling of having been cleansed. For such pleasures as these, there are only two places to go: monasteries and bathrooms. Most people opt for the latter.