Word: lites
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...volume of international equities are traded in London, more even than New York, its only remaining rival as the world's financial capital. Hedge funds piled into Mayfair on the heels of private-equity players. Any self-respecting Russian oligarch has a Knightsbridge mansion, sends his kids to élite private schools and has listed his company on the London Stock Exchange. Affluent Chinese, Indians, Middle Easterners and many others are not far behind...
...cultural. In recent decades, the face of America has changed. At one end of the class ladder, low-wage workers have streamed in from Latin America, transforming parts of the country that hadn't seen significant immigration in a century. At the other, America's economic élite has become far more multicultural, as Indians, Koreans and Russians flood state universities and private colleges, hedge funds and Internet start-ups. Partly as a result, interracial marriage is way up, especially among college graduates. There were more than 3 million mixed-marriage couples in the U.S. in 2005, 10 times...
ASPEN Brioni's paisley tie ($195) is the pick of élite shoppers heading to the Caribou Club or the Little Nell...
...respectable journalists are uncomfortable discussing openly, and from time to time, it becomes something of a train wreck. From the primaries to Sarah Palin, 2008 has been a year of topics--from working motherhood to Americans' inter- and intraracial attitudes--that the still mostly white and male journalistic élite have had to handle nervously with tongs...
...houses, banks and law firms gravitate first to Shanghai, not Beijing. Still, the past couple of years have not been kind to the city. A cancerous corruption scandal, uncovered by the overlords in Beijing, claimed Shanghai's Communist Party boss and a chunk of the city's ruling élite. Shanghai's benchmark stock index has lost roughly two-thirds of its value since hitting its peak last October. Even the Japanese developer of the Shanghai World Financial Center admits that a real estate slide has affected tenancy, with just 45% of the tower currently occupied. The hosting...