Word: platinum
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Posing on the front cover of his first record in five years with a massive cross, a black leather jacket (complete with black undershirt) and meticulously uncombed platinum hair, Kenny Wayne Shepherd looks either like a white biker Prince or some musically degenerative ex-boy band star. The Place You’re In, Shepherd’s fourth record, emphasizes garbage rock that sounds more like a NASCAR soundtrack than the inventive blues that enthusiasts desire. The band occasionally sounds like Collective Soul having a bad day or a meek Boston, but mostly just like guys playing repetitive chord...
...Howard and Peter "Put-It-on-Credit" Costello would one day get a monument honoring their services to consumerism, wealth accumulation and fat profits. Perhaps a statue at every shopping mall or a team portrait in real-estate agencies would do the trick. Or maybe the banks could issue platinum credit cards celebrating the Liberal Prime Minister and Treasurer's contribution to the Swipe-It culture. They've had some luck, no doubt, but Howard and Costello have taken taxing and spending to audacious new levels, pushed away the poor's support struts, and launched their chosen people into hyper...
That dream extends far beyond fashion. Technology is increasingly one of the places where luxury spenders splurge, from mobile phones to giant flat-screen televisions. Mobile-phone makers are introducing luxury models, such as the $19,450 platinum Vertu, in order to increase sales. And in Japan, because of the change to digital signals there, sales of big-screen LCD TVs have jumped 62%, prompting companies like Sharp to release the $9,000 45-in. LCD Aquos...
According to a recent American Express Platinum Luxury survey, 59% of affluent Americans (those with incomes of $100,000 or higher) would rather spend on experiential luxuries--restaurants, travel and entertainment--than on gadgets and goods. Pam Danziger, president of Unity Marketing, which conducted the survey, says the rise in experiential luxury is directly proportional to the wealth of the baby-boomer generation, which will be profoundly influential on the economy through...
...outside their homeland. Their first overseas album, Beautiful Energy, has sold more than 2 million CDs in Japan and hundreds of thousands more across Asia since last summer. A 32-date Japan tour last month sold out in 10 minutes, and a follow-up album, Shining Energy, has gone platinum since its release in March. "They're outselling the biggest Japanese stars," says Rei Miyazaki, an editor at the Tokyo-based music magazine Oricon. "Nobody thought a foreign band could ever do that, much less a Chinese...