Word: yachted
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Dates: during 2000-2009
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...most recent high-profile incidence of piracy off the lawless coast of Somalia appears to have ended well for everyone but the pirates. After holding the French luxury yacht Ponant for a week and allegedly securing a $2 million ransom from its owner, a band of Somali marauders headed for shore on April 11 with its booty. That's when French navy commandos pounced to free the 30-man crew and, in a dramatic helicopter raid, hunt down the six pirates. They now await charges in Paris...
...Alcalde's firm went further. In December 1999, FCC chairman William Kennard chastised McCain for writing a letter encouraging the resolution to a licensing matter involving Paxson Communications. The letter was written one day after McCain had been flown on a Paxson jet to a fund raiser on a yacht in West Palm Beach, Fla., and just weeks before Paxson's owner was scheduled to hold a fund raiser for McCain. The appearance problem was so severe that John Weaver, McCain's political adviser at the time, asked one of Alcalde's lobbyists on the Paxson account to keep...
Worldwide credit crunch? Faltering stock markets? Oil at $110 a barrel? Mere trivialities for the $25 billion yacht industry. Annual sales over the past five years have grown 10% to 15% and show no signs of tanking, thanks to increasing numbers of wealthy buyers from developing countries. In the fiscal year ending September 2007, Sunseeker's sales jumped 18.5%, to $473 million. And other yachtmakers are enjoying similar returns. Italy's Ferretti, for example, saw its production value jump 21% last year, to $1.37 billion...
Customization rules in yacht-building. Onboard gyms and saunas are common, and some of the bigger yachts even have swimming pools. There are also megayacht toys such as small helicopters, minisubmarines, diving bells, and tenders that can accommodate sailboats and speedboats. Annual running costs--including maintenance, crews and berthing fees--tend to be 10% to 20% of the boat's price...
With the exception of luxury travel, core millennials are more interested than core boomers in owning or using all luxury products and services asked about. For example, 54% of millennials want to own a yacht, whereas only 31% of boomers are interested in that purchase. Millennials are twice as likely to want to own a private jet or luxury sports equipment than boomers, which illustrates the fact that the luxury lifestyle is more important to them...