Word: high-end
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...rugged, unadorned links courses, crumbling medieval architecture, quaint B&Bs and creaky-floored hotels. The hallowed Old Course lies on public ground--golf is forbidden on Sundays so families can picnic on the fairways. But now St. Andrews is undergoing a change that would once have been unthinkable. High-end golf, American-style--loud pants and loudmouths--has come to the uniquely understated home of golf...
...what happens when developers who see golf as a way to sell high-end time shares, apartments or hotel rooms come to a town that views golf as an Everyman's game and itself as the guardian of that ethos? The Old Course is a muni run by a charitable trust, which charges locals $250 a year for unlimited access (visitors pay the same price for one round). Wasserman's St. Andrews Grand markets itself on the back of the Old Course's history, but its occupants, because they are not full-time residents, will not have discounted or privileged...
...Everyone thinks they need Prada, Gucci, Fendi in every project, even smaller ones," Liu says. "Well, the vast majority of customers won't spend their money on upmarket products like that." Indeed, at Beijing's Shin Kong Place recently, office worker Zhang Ting, 28, called the center's many high-end international brands "prohibitively expensive." While hundreds of local office workers like Zhang crowded the downtown mall's basement food court, few ventured upstairs to buy anything. The mall was so quiet that the whirring of escalators could be heard. "Business has been slow since the mall opened in April...
...premium-spirits industry, rum is the new Cognac. A drink whose reputation is usually linked with British sailors and Caribbean pirates--Blackbeard liked to mix his rum with gunpowder and light it before swilling--has suddenly risen above Captain Morgan to compete with Napoléon. U.S. sales of high-end rums shot up 45% over the past three years, to $287 million, according to the Distilled Spirits Council in Washington. Gourmet restaurants are taking notice. Labels like Santa Teresa's 1796--a top Hamilton pick for its "honey smooth" finish--from Venezuela are after-dinner favorites at Cacao in Miami...
...Foster and Richard Rogers. Meanwhile the furniture and graphics of the era are as hot as they've ever been. And in buildings by such marquee names as Richard Meier and Jean Nouvel, austere glass and steel have even regained cachet for homes, at least in the world of high-end condo construction. At the sleek but spartan Manhattan condo towers designed by Meier and completed in 2002, no less a traditionalist than Martha Stewart was among the first in line to buy space...