Word: statuses
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...like Uma Thurman, the new face for Louis Vuitton, but just can't afford those accessories? No problem. Now that the middle class is scrambling for brand-name luxuries, borrowing has become the next-best way to look rich. A cadre of Internet-based vendors have started lending high-status gear. Five other handbag-loan entrepreneurs ventured out this past year, and jewelry will soon be added to the mix. If that's not prestigious enough, some new clubs offer a rotating selection of vintage cars or the latest extravagant ones. "I believe this is a game-changing business model...
...model is simple, whether it's handbags or luxury cars. Membership fees at Bag Borrow or Steal depend on the priceyness of the products: from $20 a month to $100, for "Diva" status. For fall, Diva members can lease, for example, the Botkier Holster tote--$665 if bought new--and totes by company creative director Stacey Lapidus. The "steal" in the firm's name? You can buy a "like new" bag at a discount from the Hollywood, Fla., website. Another new business, From Bags to Riches (frombagstoriches.com) uses a slightly different model. You don't have to become a member...
...alumni still complain because Harvard’s non-profit status makes the salaries of HMC’s top brass public. If Harvard managed externally, these prices would be out of sight and out of mind for alumni but not the University’s financial administration. Alumni who lack the information possessed by those making the decisions should resist the temptation to get angry at headlines that blare that “top fund managers net $100 million in fiscal year 2003 payouts” and instead take into account the hidden costs that endowment managers have...
...what are the chances a young couple could actually make marriage last in a society that entertains itself by watching “Desperate Housewives” and the Home Shopping Network. Don’t mind my pessimism—it merely serves to explain away my own status as a bachelorette. But honestly, a young bride seems so “Little House on the Prarie,” so “Spears and Federline,” certainly not the stuff of which successful relationships are made...
Even so, don’t plan on seeing a “Tony’s” sign in front anytime soon. Saini is content with the status quo. “It’s better to keep the same name so people know it’s the same place,” Saini believes. And regardless of what customers call the man behind the counter, the fact remains that a Pritam by any other name is still a Pritam...