Word: hands
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Dates: during 2000-2009
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...Some 1,500 suits a week are turned out, with prices ranging from $3,385 off the rack to $4,740 custom-made. In the silent hum of the manual assembly line, the students can see the 60 stitches that go into one buttonhole and watch the fabric being hand-cut with 13-in. scissors. Still, most of their time is spent, needle and thread in hand, in a brightly lit third-floor classroom overseen by two 60-something master tailors who wouldn't know Stella McCartney from Ringo Starr...
...same time, an important feature of the latest Detroit dealings is the lopsided favoritism shown the United Auto Workers (UAW). Take the Chrysler plan: Taxpayers were to trade in a $4 billion IOU (i.e., the government loans) for about 5% of Chrysler's stock. The UAW, on the other hand, was trading in a $4.5 billion IOU (related to its VEBA health-care trust for retirees) in return for 55% of Chrysler stock. Does that seem fair? A third group, the secured debt holders, were to trade in a $6.9 billion IOU and get $2 billion in cash - an amount...
Next, look at GM's offer. The unsecured bondholders are owed $27 billion by GM, and they are being asked to trade that IOU for a 10% equity stake. The UAW's VEBA trust, on the other hand, is trading in a $10.2 billion IOU and getting a 39% equity stake. If these were poker chips, you could say the croupier has arbitrarily decided to value bondholders' chips at 37 cents apiece and the UAW's VEBA chips at $3.90 each...
Compared to your average laptop, netbooks lack specs appeal. These lightweights pack puny processors and tiny screens. But that's exactly what makes the netbook the perfect travel buddy. It'll slip in your hand luggage, so no need to lug around a separate laptop case. And while netbooks struggle to run memory-heavy apps, they're perfect for web-browsing, word-processing and e-mail. In other words, 99% of the stuff you use your bulky laptop for now. Here are three little wonders we recommend. (See the best inventions...
...changing times was the recent high-class produce market chef Alain Ducasse organized at the Plaza Athénée Hôtel, where guests met the producers of the otherworldly fruits and vegetables Ducasse serves at his eponymous three-star restaurant, www.alain-ducasse.com: from Buddha's hand citron to rare Ligurian purple asparagus. Ducasse says his love of rare and impeccable ingredients grew from an early exposure to Mediterranean produce. But when he left for the capital in 1996, a multi-course homage to the vegetable like the Jardins de Provence menu he'd served since 1987 at Monte...