Word: diamonditis
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Before moving to the sunny streets of Hollywood and directing big-budget films such as “The Last Samurai” and “Blood Diamond,” Edward Zwick ’74 cultivated his interest in film on the slightly less sunny streets of Cambridge. And though Cambridge lacks the glitz and glamour of celebrity-heavy Los Angeles, Harvard holds a special place for Zwick, who paid a visit to his alma mater on Nov. 17 to premiere his newest film, “Defiance,” for Harvard students at the Brattle...
...MISS: Magnificent Jewels Sotheby's auction in New York of period pieces including emerald- and-diamond ear clips that once belonged to the Grand Duchess Vladimir of Russia and a diamond ring mounted by Boucheron that belonged to 19th century railroad magnate Jay Gould...
...Black Friday shopping frenzy was palpable in midtown Manhattan on Friday as dozens of clothing retailers touted their "door buster" sales of 50% or more off everything from diamond jewelry to cotton hoodies. Crowds even broke one of the doors at Macy's Men's Store. That paled in comparison to the death of a Wal-Mart worker in Long Island who reportedly got trampled to death by bargain hunters. But by mid-morning on 34th Street, many stores were half empty and some sales staff said they had noticed that shoppers were holding back this year. (Looking...
...slower. They're not buying the big stuff," said a sales person at Macys flagship store in Herald Square, who asked not to be named. A $400 diamond bracelet had been marked down to $99, but there were more sales people standing near it than customers. Instead, shortly after 7 a.m., a crowd was hovering around a display of costume jewelry priced at $9.99 each...
...what becomes of the trusts should Washington say no to a bailout? Assets already paid into the VEBA trust would probably be safe if GM filed for bankruptcy, says Diamond. But chances of getting the deferred $1.7 billion back in a bankruptcy court are virtually nil. It's also unlikely that the assets in the trust will last 80 years, since bankrupt automakers would be unlikely to make all the future trust contributions. "My guess is the trust would last 20 years," says Diamond. "It's a very difficult situation. Autoworkers were sold a pile of goods by the union...