Word: rolexes
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...hand at baccarat, and in two very bad days in April 1982, he lost $2 million. To keep this high roller hooked, Caesars plied him with complimentary hotel accommodations and a private jet shuttle between Toronto and Atlantic City, as well as an $8,500 Rolex watch. The casino discovered belatedly that he had financed his bets by embezzling $10.2 million from his employer, the Canadian Imperial Bank of Commerce. Arrested in Toronto in 1982, Molony is now serving a six-year prison term...
Sophocles N. Zoullas '89 escaped injury, but he lost $10 and his Rolex watch. The robbery occurred at 9:30 p.m. on Plympton St. in front of Adams House...
Remember what the yuppies did for sales of Saab, Cuisinart, Rolex and Burberry raincoats when those products became their symbols? Now it is the turn of the sneaker. The young urban professionals have their own: Reebok, a pricey ($30 to $60), soft-leather shoe that comes in six colors and 40 styles, including a popular high-top model. Says Edward Hurley, an assistant manager at an Athlete's Foot store in New York City: "All other shoes have been forced to take a back seat to Reeboks. It's the season's hottest shoe." He sold 700 pairs last month...
...working. In fact, many pedigreed imports remain as pricey as ever. For example, an Irish-made Waterford crystal decanter typically costs $159 in the U.S., the same price as two years ago when the Irish pound was worth about 25% more. The 18-karat, Swiss-made gold Rolex Presidential watch actually went up in U.S. list price during the past three years, from $7,950 to $8,850, even though the Swiss franc has fallen in value about...
...Indian restaurants, not to mention modest brasseries that offer a delicious newly caught perch for about $10. Any American who wants to take advantage of the strong dollar (now worth 2.8 Swiss francs, up from 1.7 five years ago) will find the Rue du Rhone lined with windows displaying Rolex and Patek Philippe watches, Gucci and St. Laurent clothes. Booming Geneva is also second only to Zurich as a Swiss banking center...