Word: dollarization
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Global luxury has wrought billion-dollar businesses and dizzying amounts of dealmaking?which means that today's fashion stars aren't only those manufactured in schools like London's Central Saint Martins or New York City's Parsons. A whole new breed of fashion influencers are formed at hard-core business schools like Harvard, HEC, ESSEC and Bocconi where the syllabus doesn't include patternmaking but rather an altogether different kind of intangible skill set, namely the ability to manage intensely creative talent. Dior president Sidney Toledano, a graduate of the top French engineering school ECP, compares the structure...
...India. Last month the Gucci Group was rumored to be eyeing the London-based Alice Temperley label. Next thing you know, parent company PPR will be purchasing Italian jeweler Bulgari. Beauty conglomerates like Estée Lauder and L'Oréal are once again hunting for acquisitions, armed with multimillion-dollar checkbooks...
...might work for hand-drawn cartoons of hicks or a movie that takes place in poorly lit cubicles, but it's not so great for a sci-fi action comedy. It just doesn't look or feel like Talladega Nights or Dodgeball. Even though Fox probably made a million dollars' worth of trailers and ads, they empirically knew from testing that every dollar they spent on ad time for Idiocracy would be wasted...
...Swaggart scandals. But now, after some key modifications (which have inspired some to redub it Prosperity Lite), it has not only recovered but is booming. Of the four biggest megachurches in the country, three--Osteen's Lakewood in Houston; T.D. Jakes' Potter's House in south Dallas; and Creflo Dollar's World Changers near Atlanta--are Prosperity or Prosperity Lite pulpits (although Jakes' ministry has many more facets). While they don't exclusively teach that God's riches want to be in believers' wallets, it is a key part of their doctrine. And propelled by Osteen's 4 million--selling...
...peculiarly American theology but turbocharged. If Puritanism valued wealth and Benjamin Franklin wrote about doing well by doing good, hard-core Prosperity doctrine, still extremely popular in the hands of pastors like Atlanta megachurch minister Creflo Dollar, reads those Bible verses as a spiritual contract. God will pay back a multiple (often a hundredfold) on offerings by the congregation. "Poor people like Prosperity," says Stephen Prothero, chairman of the religion department at Boston University. "They hear it as aspirant. They hear, 'You can make it too--buy a car, get a job, get wealthy.' It can function as a form...