Little Pipe Cay boasts five luxury homes and four private beaches
8/26/2018
10,500-Acre Scottish Hunting Estate Sells to English Businessman
A millionaire from northern England has purchased a massive Scottish island estate two-thirds the size of Manhattan—it was most recently asking £1.85 million (US$2.377 million).
The 10,500-acre property known as the Scaliscro Estate is located on the Isle of Lewis, the northernmost island in the the Hebrides archipelago, which juts into the Atlantic Ocean from the Scottish mainland. The expansive land with its rocky green terrain and views over Loch Roag could be a scene plucked out of a fantasy novel, images of the listing show.
Chicago’s Second-Most Expensive Listing Hits Market, Asking Nearly $16M
The mansion has been in the Hoover family, known for their eponymous vacuum company, since 1926. The property, located in Glencoe, a suburb of Chicago, is a 10,000-square-foot mansion located within walking distance of the Chicago Botanic Gardens and the Lakeshore Country Club on the banks of Lake Michigan. At 12.2 acres, the estate is the largest privately owned property in Illinois’s Cook County.
Lake Tahoe Home Where Howard Hughes Lived Until His Death Sells for $17.5M
A lakefront property in Lake Tahoe, Nevada, owned for more than two decades by the notorious businessman, pilot and director Howard Hughes, has sold for $17.5 million after being on and off the market for five years, listing records show.
"Summertide" consists of two buildings, including a 2,518-square-foot five-bedroom main residence and a two-bedroom, 1,343-square-foot cottage, and sits on 500 feet of Lake Tahoe shoreline, with 180-degree panoramic waterfront views, according to the listing.
Los Angeles Property Asks $1 Billion—But Can it Sell?
At $1 billion, the most expensive piece of land ever to be marketed in Los Angeles offers a luxury development opportunity that will need not only deep pockets, but some serious mathematical acrobatics to make it worthwhile, local experts say.
There are conceivable ways a residential developer could buy "The Mountain," a 157-acre summit in the iconic 90210 ZIP Code in Los Angeles county, and build it up into a community of mega-mansions only billionaires could afford, say several developers and local real estate experts. But the current zoning and city records documenting past efforts to build on the land reveal just how hard it will be to get the math right.
‘Scapegoat’: A Word for Unfair Blame, From the Bible to the Beltway
A translator’s 16th-century misinterpretation of scripture fostered a widely used term.
8/25/2018
Why Trump is missing the mark by focusing on goods instead of services
David Dodwell says by zeroing in on the trade imbalance between China and the US, Trump is ignoring the huge potential for US exports in services such as tourism.
For example, look where these services exports come from. Over US$290 billion of services exports (about 40 per cent of total services exports) came from tourism – 76 million foreign tourists visited the US in 2016, underpinning close to 10 million jobs. China is today the source of more international travellers than any other country – more than 150 million last year – and this total is growing at more than 5 million a year. In 2016, just 3 million of these travellers went to the US – but they spent US$33 billion, by far the highest per capita spending of any country worldwide, according to the Germany-based China Outbound Research Institute.
At this rate, attracting an extra 1 million Chinese visitors would lift US tourism exports by US$11 billion a year. Add 10 million over the coming decade – not an unreasonable target – and this amounts to services exports worth an extra US$110 billion a year, adding literally millions of new jobs in the US. By poisoning relations with China, Trump’s trade war is putting much of this potential at risk: imagine how easy it is for China to suddenly make it harder to get US visas.
It is intriguing that Trump is so keenly obsessed with US goods exports to China worth US$130 billion a year, while wholly neglecting the upside potential of tourism and other services worth twice as much.
PUBLISHED : Saturday, 25 August, 2018, 4:01am
UPDATED : Saturday, 25 August, 2018, 6:58am
8/23/2018
Ben Affleck reportedly back in rehab
'Big Bang Theory' will end its 12-season run in 2019
“The Big Bang Theory” will come to an end after its 12-season run in May 2019, CBS announced Wednesday.
The longest-running multi-camera series in television history will wrap with a record-breaking 279 episodes.
“We are forever grateful to our fans for their support of ‘The Big Bang Theory’ during the past twelve seasons,” Lorre Productions, CBS and Warner Bros. said in a joint statement Wednesday.
By ERIN BEN-MOCHE
www.latimes.com
Singapore’s real crazy rich Asians
The Credit Suisse Global Wealth Report 2017 revealed that Singapore was home to 152,000 US-dollar millionaires, equivalent to about 2.7 per cent of the population of 5.6 million.
Tristan Jinwei Chan
www.scmp.com/lifestyle/article/2158202/what-singapores-real-crazy-rich-asians-spend-their-money-houses-they-buy
Foxconn plans semiconductor operations in China’s Greater Bay Area
The Taipei-based company, known formally as Hon Hai Precision Industry, will develop semiconductor design services, and semiconductor equipment and chip design in the city, according to the Zhuhai government’s website. This strategic cooperation was first reported by The Wall Street Journal on Friday.
Terry Gou Tai-ming, the billionaire chairman and chief executive of Foxconn, said in a statement on the Zhuhai website that the development of the Greater Bay Area – a Chinese government initiative to integrate the economies of Hong Kong, Macau and nine cities in Guangdong province – “has brought a rare opportunity for Zhuhai”, which aims to develop a semiconductor services industry.
The strategic cooperation between Foxconn, the main supplier for Apple’s iPhone, and the Zhuhai government has come several weeks after the company broke ground on its US$10 billion liquid crystal display plant in the US state of Wisconsin.
That pact represents another effort to support China’s goal in developing a strong domestic semiconductor supply chain and become more competitive with chip industry leader the US.
China makes more than 90 per cent of the world’s smartphones, 65 per cent of personal computers and 67 per cent of smart televisions, according to estimates from Bernstein Research. But the country has had to buy much of the chips that go into these devices from abroad. Annual chip imports by China have risen to more than US$200 billion since 2013 and reached US$260 billion last year.
Celia Chen
The International Day for the Remembrance of the Slave Trade and its Abolition, August 23, memorialises transatlantic trafficking.
August 22, 1791, marked the beginning of the slave uprising in Saint-Domingue (present-day Haiti), which not only led to freedom and independence for the island in 1804, but also served as a starting point for the abolition of the transatlantic slave trade, which spanned more than 300 years.
Slavery was, of course, rife around the world, and the word “slave” entered Middle English from the Old French esclave, which came from the Medieval Latin (circa 800) sclavus (also giving the Italian schiavo and Spanish esclavo), which came from the Byzantine Greek (circa 580) σκλάβος.
Also curious are the Slavic origins of “slave”, which lie in the Slavonic base of the Old Church Slavonic rab/rob, the Old Russian rab/rob, and the Old Czech rob, developing to encompass meanings of forced labour and drudgery in old and modern forms of the Russian rabota, Czech robota and Polish robota. The West Slavonic form entered Middle High German in the early 14th century as robāt, becoming the German robot. This got borrowed into the English “robot”, referring to the central European system of serfdom, in which a tenant’s rent was paid in forced labour or service.
It was the Czech robot, borrowed via Karel Capek’s 1920 play R.U.R. (standing for “Rossum’s Universal Robots”), which gave English the meaning of an intelligent artificial being typically made of metal and resembling in some way a human or other animal.
Just as the world has dispensed with several of these forms, so should it the practice of modern slavery, which still holds more than 40 million people worldwide in institutional, often unpaid, forced labour.
Asia’s priciest address on offer as five villas set for en bloc sale at The Peak, asking US$298 million...
A luxury low rise development comprising five town houses at 3 Plunkett’s Road on The Peak, which have been held empty by the builder Tai Cheung Properties for seven years, is being offered for collective sale at HK$2.34 billion (US$298.22 million). The five properties feature extravagant interior decorations, each fitted with custom built furniture, original oil paintings and hand crafted chandeliers.
Sandy Li.
www.scmp.com/property/hong-kong-china/article/2146222/asias-priciest-address-offer-five-villas-set-en-bloc-sale
Sandy Li.
www.scmp.com/property/hong-kong-china/article/2146222/asias-priciest-address-offer-five-villas-set-en-bloc-sale
Perfumers in Florence make perfect scents...
“Our store is one of the oldest pharmacies in the world, founded by Dominican monks in 1221 in part of what was once a monastic complex,” says Eugenio Alphandery, co-owner and president of SMN. “They began to cultivate medicinal herbs in the gardens for the convent infirmary. Eventually, in 1612, Friar Angelo Marchissi opened up the apothecary to the public. We have been in the exact spot [Via della Scala 16] ever since.”
www.scmp.com/magazines/style/fashion-beauty/article/2148588/perfumers-florence-make-perfect-scents
BY XAV JUDD
1 JUN 2018
www.scmp.com/magazines/style/fashion-beauty/article/2148588/perfumers-florence-make-perfect-scents
BY XAV JUDD
1 JUN 2018
3 new men’s fragrances that are perfect for summer
Choose from Gorgio Armani, Burberry and Atelier Cologne’s irresistible scents...
Will Hong Kong buy US$102 wagyu beef sandwich – one of world’s most expensive
The wagyu cutlet sandwiches, with finely marbled Miyazaki beef deep-fried like tonkatsu and placed between two slices of toasted bread, will set you back a whopping HK$800 (US$102) for a “full sando” or HK$400 for a “half sando”.
/www.scmp.com/lifestyle/food-drink/article/2160938/will-hong-kong-buy-worlds-most-expensive-sandwich-us102-wagyu
/www.scmp.com/lifestyle/food-drink/article/2160938/will-hong-kong-buy-worlds-most-expensive-sandwich-us102-wagyu
China’s biggest gaming convention, the showgirl culture isn’t going to die so easily
Showgirls are still a major appeal at gaming conventions, where firms like Tencent and NetEase deploy an army of young women to entertain the mainly male attendees.While the “sex sells” vibe of earlier exhibitions has been toned down, showgirls like Chen remain a major appeal of ChinaJoy, where the country’s biggest gaming firms like Tencent and NetEase deploy an army of young women – now more fully dressed – to greet and entertain the mainly male attendees.
The practice is a reflection of the sexism still rampant in China’s gaming industry, the world’s largest with estimated sales of US$15 billion in the first half of this year, where women still have a long way to go before they are seen as anything more than decoration.
PUBLISHED : Sunday, 19 August, 2018, 2:03pm
UPDATED : Monday, 20 August, 2018, 10:56am
8/22/2018
With US$25 million, you’re just about starting to be rich...
In the US, private bankers have arrived at a figure for how much money a person should have before they can even begin to be considered wealthy. That’s not to say US$25 million opens all doors. Abbot Downing, Wells Fargo’s operation for ultra-high-net-worth families, works with clients who have at least US$50 million in investable assets or US$100 million in net worth. Ascent Private Capital Management of U.S. Bank sets what Martim de Arantes Oliveira, regional managing director for its San Francisco office, calls a “stake in the sand” at US$75 million in net worth for multigenerational wealth. There will always be exceptions – for the family friend or a promising entrepreneur.
Ritz-Carlton’s new cruise liners are the last word in luxury travel for the ‘1 per centers’
Starting prices for voyages range from to US$3,100 for four nights to US$10,100 for 12 nights, depending on location. The all-inclusive fare comes with on-board gratuities, 24-hour en-suite dining, beverages en-suite and throughout the yacht, Wi-fi, and onboard entertainment and enrichment.
11 AUG 2018
11 AUG 2018
Teens and millennials are obsessed with Gucci
This article was written for Business Insider by Jessica Tyler.
Teens and millennials love Gucci.
In the first three quarters of 2017, around 55 per cent of Gucci’s sales were made to consumers younger than 35, according to a report by consultancy firm Bain & Company last October. In April, research analysts at Piper Jaffray conducted a survey of 6,000 teens across the United States and found that Gucci was No 10 on the list of teens' favourite apparel brands. In the first quarter of 2018 alone, the brand’s comparable sales grew 48.7 per cent.
Gucci’s success comes in part from the creative direction of Alessandro Michele, who has led the brand since 2015. Michele seems to have a keen awareness of what young people want, including bright, eclectic colours and patterns that are engaging, eye-catching and look good on Instagram.
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by Dan Stone We’ve all heard about China’s incredible pace of development. Now, finally, we have a symbol of that runaway growth: por...
