Word: jetting
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...magazines. Phuket aficionados talk loftily of the Thai island's superior beaches and cheap but professional hospitals, while Bali fans boast of the island's volcanoes and great surfing spots. Nevertheless, the business of vacation villas isn't a zero-sum game, largely because the members of the international jet set who dig Phuket are a breed apart from the culture vultures who flock to the Indonesian island. "People are usually either Bali people or Phuket people," says Dominique Gallmann, the Swiss-born director of Exotiq Real Estate, which has offices in both Thailand and Indonesia. "They attract different crowds...
...streaming across the Goyal's Sony over the past few weeks: India's economic growth rate is expected to slow from 9% to 8% or even less; unfounded rumors that the country's largest private bank, ICICI, had been caught in the subprime mess nearly caused a bank run; Jet Airways, the largest domestic airline, is laying off hundreds. Not the cheeriest atmosphere for a wedding. Goyal is getting married in two months. "I wanted to go to Singapore for our honeymoon, and buy a new car. It's ta-ta to those dreams now," he says wistfully...
MONTE CARLO Dunhill's minimalist blue tie ($130) is the rage In this jet-set enclave...
There's no way to tell during this current distress whether we're repenting or just retrenching. THRIFT-store sales are up. Cars are shrinking. P. Diddy retired his private jet to save on gas. In hard times, people often rediscover the peace that prudence brings, when you try to spend a little less than you have because tomorrow might be worse. But that feels almost un-American; we're optimists by nature, and we've been living large for so long that solvency feels like a sacrifice. It will take some sustained character education--and leadership--to understand that...
...environmental impact of undersea wreckage can't always be seen easily from the shore. Helton says it would help if owners of small fishing boats and jet skis as well as giant ore ships and oceangoing freighters could keep in mind that "when a vessel is lost, it's not gone...