Word: dollarization
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...young people who want to put their whole life into something. I'm way past that point." He admits he occasionally stops on Seinfeld while flipping through the channels ("I watch it now, and I go, 'Oh, now I see why they liked the show'"). No, he says, dollar signs do not flash before his eyes when he sees it in syndication. "Bad fashion choices flash before my eyes." Seinfeld isn't impressed by most TV now and believes that the medium's fragmentation over the networks and the sprawling cable universe has made it too difficult to get together...
...Marine Corps likes to boast that it spends only a nickel out of every Pentagon dollar and makes do with cheaper weapons than the other services. The story of the V-22 belies that image: It's a tale of how a military service with little experience overseeing aircraft programs has wound up with a plane that may be as notable for its shortcomings as for its technological advances...
...there the conversation ends. Students feel progressive, on average, while no one is surprised that a few bad eggs exist in the semi-secret world of million-dollar mansions filled with portraits of dead white men. We can rest easy, it seems, for even if clubs do not welcome blacks, Asians, or gays, final club devotees constitute a mere 15-20 percent of students—a minority themselves. Many members of final clubs, too, can justify their affiliation by distancing themselves from the occasional public relations disaster: “He’s not my close friend...
...double-digit yearly growth and the expectation that it will surpass the U.S. in luxury-goods consumption by 2015. For others, India's youthquake and its established cultural affinity for luxury mean there is enormous potential for growth. Then there's Russia, where newly minted millionaires pay top dollar for everything from Breguet watches to Bell helicopters. In this, the first installment of a four-part series, TIME measures the affluent consumer's appetite for luxury brands in these exciting markets...
...brands and the need for increasingly unique products and experiences. One panelist dismissed the idea of luxury altogether, arguing that it had become too accessible. Another defined the future of luxury as one-of-a-kind experiences, like a group of hedge-fund managers who recently paid top dollar to be dropped into the middle of the Amazon. Uniqueness is something, along with quality, that luxury consumers desire universally?who doesn't covet that one-of-a-kind object, whether it be an Hermès handbag, a Breguet watch or even a multimillion-dollar Damien Hirst skull? But luxury...