Recession? What recession?

I know some people are in denial but this is ridiculous.

Cashmere loo paper? Aisle 3... right next to the Angora Tampons.

Waitrose buyer, Carla Smith, explains…

Cashmere provides that stamp of quality to any fashion garment from a designer suit to the finest luxury knitwear. It’s indulgent, it’s stylish and it’s helping provide that extra softness to our new premium bathroom tissue collection.

Recession? What recession? I wipe my arse with cashmere…

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Is the Champagne bubble about to pop?

Champagne producers have spent hundreds of years ensuring their product is associated intimately with notions of power and luxury. The Madrid Treaty of 1891 protected the brand from usurpers, and lawyers working for the producers have fought a number of legal actions in order to continue Continue reading

Recession: The Bitter Price We Pay

Some horrifying news has reached The Notes from Trinidad and Tobago where the firm that owns Angostura Bitters has been hit by a liquidity crisis. The factory that has produced the vital ingredient in Manhattans and Pink Gins since 1824, was forced to cease production in June and panic buying has meant shelves are rapidly emptying around the world.

Caution Sobriety Ahead

The chief executive of Angostura USA, the North American distributer, has said production will come back on line soon thanks to a re-financing deal but you can’t whip a bottle of bitters up overnight… this ancient brew takes time and supply could take up to a year to return to normal. The only solution is to race down to the local liquor store and hope you can nab a few bottles before the rest of the panickers get there.

Needless to say, I panicked last week and am currently sitting on a case of the stuff. Any offers?

The Weekly Revisit

This is just a quick update on a few of our posts from the last week.

Follow up #1: Will a new “American Dream” emerge from the current recession?

First of all, in recession news, the New York Times yesterday carried another story of large amounts of people applying for Continue reading

Will a new “American Dream” emerge from the current recession?

The number of newly laid-off workers filing claims for jobless benefits rose more than expected last week, after falling in five of the past six weeks, as employers remain reluctant to hire even with the economy showing signs of recovery.  (MSNBC Oct. 22, 2009)

Consumer spending stayed soft, as jobs remained hard to come by for the nation’s 15 million unemployed … in large part because companies aren’t hiring. (Wall Street Journal Oct. 22, 2009)

Yesterday, Harvard history professor Niall Ferguson predicted the decline of the American Empire. Basing his analysis on the fact that “America today is similar to the Spanish Empire in the 17th century and Britain’s in the 20thcentury”, Ferguson believes that the US is caught in a Continue reading

Nooo, don’t take away my castles!

Reportedly, actor Nicholas Cage is financially up shit creek from a whole lotta gone bad real estate investments. Here’s what he’s selling in order to cover his debts: Continue reading

Fine Dining in the Recession

La Gavroche

La Gavroche -- London

As a quick follow-up to last week’s restaurant recession report, new information in the past week further supports a significant difference in the effects of the recession on restaurants across the U.S and those in London.

Particularly hard hit in the U.S. have been fine dining restaurants, with many Continue reading