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...Vintners Exchange, an online marketplace for fine wines, managing director James Miles has watched prices for the top Bordeaux double over the past two years, driven in part by wealthy foreigners. "These guys all aspire for the rich man's toys, which doesn't just mean having boats and fast cars, but also having a great cellar," he says. A 12-bottle case of 2000 Chateau Lafite Rothschild that sold for $8,800 in 2005 cost $20,000 last year, while a case of Chateau Petrus that went for $23,000 two years ago sells for $47,000 now. Most...

Author: /time Magazine | Title: Ritzy Business | 1/17/2008 | See Source »

...simply, China has been investing too much, too fast, particularly in its export-oriented manufacturing sector. The most striking evidence of this is the relatively small role Chinese consumers play in the economy. Household consumption as a percentage of GDP fell to 36% in 2006, perhaps the lowest such ratio in the world. At the other end of the scale is the U.S., with a household consumption-GDP ratio of 72%. For years the U.S. has been consuming too much and saving too little. China has the opposite problem...

Author: /time Magazine | Title: Finding the Right Balance | 1/17/2008 | See Source »

...strengths of the weekend’s performance lay in its fast pace and well-planned program order. The evening’s mixture of jazz and tap, with a guest appearance by the South Asian Dance Company and a stunning Irish dance number thrown in for good measure, provided a recipe for success...

Author: By Rachel M. Green, CRIMSON STAFF WRITER | Title: ‘Too Darn Hot’ Warms Up Lowell Lecture Hall | 1/14/2008 | See Source »

...which women from both Mainly Jazz and TAPS collaborated. In beautiful and brightly colored traditional Irish dance costumes, choreographers Siobhan P. Connolly ’08, Whitney L. M. Kress ’08, Meaghan J. Beattie ’08, Driscoll, and Fitzgerald performed complex sequences of incredibly fast footwork while keeping their upper bodies still with seeming ease. At the end of the piece, the music cut out and the dancers closed with an amazingly unified and increasingly rapid sequence of steps...

Author: By Rachel M. Green, CRIMSON STAFF WRITER | Title: ‘Too Darn Hot’ Warms Up Lowell Lecture Hall | 1/14/2008 | See Source »

...freshman Katherine Pickard, and Slack won the race in 1:47.80. The Crimson’s team of sophomore Natalia Festa, senior Meaghan Colling, freshman Laura Murray, and senior Amanda Slaight took second place in the event.“We raced really well. Some people swam some very fast times,” Morawski said. “But more importantly, they were executing really strong race plans, which bodes well for the end of the season.”This was Harvard’s first meet since the Georgia Invitational in early December, and the team...

Author: By Kate Leist, CRIMSON STAFF WRITER | Title: Women's Swimming Takes 1st In Every Event | 1/13/2008 | See Source »

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