Saturday, February 28, 2009
The stock market is tanking, AAA bonds are becoming junk, real estate is a mess and cash is paying nothing. So...where do you invest?
Quality Estate Jewelry perhaps?
Don't take my word for it.
Here's financial journalist Conseulo Mack and jewelry investor Patrizia di Carrobio on the subject.
Friday, February 27, 2009
The real issue is: will an economic downturn break the back of the regime in which women are expected to take, and are socialized into, the role of the provided-for party? Given the fact that women's rates of educational attainment are surpassing that of men, and the fact that the downturn will likely accelerate the decline of a number of male-dominated professions -- construction, finance, etc. -- will we see a sharp rise in the economic power of women that will lead to a corresponding change in the sexual marketplace?
We shall see...
But I am a fan of the online Gossip Girl who writes the Gem Gossip blog....
And, not just because she was nice enough to mention some Beladora estate jewelry in her post
Glitz From The Past
One of the pieces that she wrote about is this pretty strand of cultured pearls.
Sometimes pearl necklaces all look the same to me! However, this pearl necklace is unlike any I’ve seen. The clasp is gorgeous, featuring a diamond and six sapphires. Now, if your necklace is on backwards, it will look better! Price: $535.50
Thursday, February 26, 2009
I recently finished this book with cleverly titled chapters such as
"It's all about the bonuses, baby"
"Geogetown? I wouldn't let my maids' kids go there"
"This is how we do it on Broad & Wall, Bitch!"
It is a very amusing parody of the culture of Wall Street, from investment banking to private equity to hedge funds. But like in any parody, there is a kernel of truth, especially when it comes to the arrogance required to be successful.
And a step away from this kind of arrogance is the hubris that leads to this.
Money managers accused of $550 million fraud
NEW YORK (Reuters) – Two money managers who oversaw investments for Carnegie Mellon University and other institutions were arrested on Wednesday on charges of running an estimated $550 million, decade-long swindle, the latest in a wave of big financial fraud cases.
The pair, both former part-owners of the New York Islanders National Hockey League team, are accused of using client money as "their personal piggy-bank" to fund lavish lifestyles, according to the U.S. Securities and Exchange Commission.
Authorities contend the scheme began in 1996 and operated through this month. Of the $667 million that clients invested, Greenwood and Walsh misused as much as $554 million, the SEC said.
Greenwood, of North Salem, New York, was accused of using investor funds to buy items including horses and expensive collectibles, while Walsh, of Sands Point, New York, was accused of using client money for himself and to make large payments to his ex-wife.
Hubris indeed. Madoff was only the beginning...how many more of these guys are going to get caught?
The women had bet mechanic Sergey Tuganov $4,300 that he wouldn’t be able to follow through with the half-day sex marathon.
But minutes after winning the bet, the 28-year-old died of a heart attack, Moscow police said.
“We called emergency services but it was too late, there was nothing they could do,” said one of the female participants who identified herself only as Alina.
Apparently now there is nothing too insignificant for Federal funds to be spent on.
From the NY Post
CONGRESS' PORKY POLS PIG OUT ON FINE $WINE
BIG BUCKS TO CANOES & TATTOOS
WASHINGTON - Congress went on a pork-a-palooza yesterday, approving a massive spending bill with big bucks for Hawaiian canoe trips, research into pig smells, and tattoo removal - all while the nation faces an economic crisis.
Among the recipients of federal largesse is the Polynesian Voyaging Society of Honolulu, which got a $238,000 "earmark" in the bill.
New York got its share of earmarks, among them $475,000 to "improve and expand" the Italian American Museum in Little Italy.
There's nothing not to love about the Polynesian Voyaging Society in Hawaii or the Italian American Museum in Little Italy in New York...but why does Federal money have to be earmarked for them?
Can't these organizations raise the money from private donors instead of using Federal tax dollars?
Just saying couldn't somebody like Larry Ellison just write a $238,000 check to the Polynesian Voyaging Society...for crissakes he probably earns that kind of money in an hour....and he likes to sail....
Wednesday, February 25, 2009
SJP in Dior Couture
Tuesday, February 24, 2009
Obama Says USA will rebuild and emerge stronger...
Obama vows to increase number of soldiers...
Obama vows to seek cure for cancer 'in our time'...
Obama says bank bailout may cost more than expected...
Obama promises universal EDUCATION THROUGH COLLEGE...
Obama promises universal health care...
Is there anything this President can't do????
Somehow it all reminds me of the lyrics from the famous Burt Bacharach- Dion Warwick song from the Broadway musical Promises Promises
(yes...my mother took me to see the show in New York when I was just a wee little girl)
Promises, promises I'm all through with promises, promises now ...
A very close friend of mine with a high position at a major trust company told me last week about half of her department got laid off. And I'm hearing a lot more stories like this.
Not to mention that my son, young Mr. de Ville was laid off as well.
Look, I love a good college education as much as the next person... I even went to college and to graduate school, but universal education through college wouldn't be anywhere at the top of my list for helping America. How about improving the economy so that jobs can be created...and sustained... for people that can't be outsourced to India and elsewhere.
Monday, February 23, 2009
Sunday, February 22, 2009
It's true that I enjoyed our unusually cold winter and the view of the snow covered mountains from my window...
but I'm over it now and desperately seeking sunshine.
Now if I just could take a week off I would go to the Villa Azul Celeste in Puerto Vallarta.
I would lounge all day by the infinity pool
and a little Beladora jewelry
Unlike the last time I stayed at this villa 20 something years ago, there would be no late night clubbing and shots of tequila resulting in someone (not me) having to be air evacuated out to a hospital in San Francisco...
Saturday, February 21, 2009
Yes, apparently so.... according to her exposé in Vanity Fair after she consulted three New York City plastic surgeons.
When I began this project, I was relatively certain that I didn’t need plastic surgery. I also suspected that plastic surgeons might tell me otherwise. To test my hypothesis, I went undercover. In the process, I hoped to learn something about what happens inside examination rooms across New York City and, by extension, the United States. Are teenybopper idols and those who emulate them freely choosing plastic surgery? Or is plastic surgery choosing them?
My mission within this sterile examination room is simple enough: to catch an up-close-and-personal glimpse of a multi-billion-dollar industry. This is my first stop in a series of three consultations with plastic surgeons at various price points. I plan to give each one free rein over my face and body, to discover how far each will go in urging me to alter my objectively healthy, 27-year-old, five-foot-nine-inch, 120-pound figure.
I won't post all of the comments made by Dr. David P. Rappaport and the other surgeons but the money quote is this.
In total, Dr. Rapaport proposes roughly $33,000 worth of plastic surgery. By this time my self-image is so battered that, had I the money, I sincerely doubt I could refuse.
Now, I'm not in any way anti-surgery...if you need it. My Beverly Hills doctor has already suggested a mini face lift for me....though it wouldn't be my first choice in surgical self improvement...I'd much rather have a boob job and lipo now and a face lift later.
Do you think that $33,000 in surgery is a reasonable investment for a 27 year old woman with a figure like this?
Friday, February 20, 2009
After a season of silliness to sumptuousness on the New York runways
the Wall Street Journal reports on Peter Som who seems to be the only designer
who understands that fashion is a business.
Living on the Edge in World of Fashion
Designer Peter Som Sits Out New York Fashion Week, Illustrating How a Solid Reputation Doesn't Pay the Bills
Mr. Som, who has been in business for almost 10 years, is one of several Vogue-stamped young designers who thus far have survived the fickle world of fashion design. In 2004 he was a semifinalist in the first CFDA/Vogue Fashion Fund initiative, which supports and promotes young designers. In 2007, he took on a second job as the designer for Bill Blass, where he was tasked with adding some sizzle to the storied but dusty American fashion house. His shows, a highlight of Fashion Week, garnered big sponsorships from companies including American Express and Mercedes-Benz.
But in an industry built on illusions, appearances are deceiving. Like most emerging fashion houses, Mr. Som's business, even at its height, barely broke even. Until last year, when a private-equity investor paid $3 million for a 65% stake in the company, Mr. Som and his business partner, Chief Executive Elana Posner, never paid themselves salaries.
Ms. Posner, a former corporate lawyer and Web entrepreneur, says that the entire fashion industry "is in survival mode."
Really? Not from what I could see in the runway shows.
Mr. Som says his eight-person company is responding to the headwinds by becoming "a leaner, meaner machine." He has already dipped into a rainy day fund that his parents, both architects, socked away for him.
In a nod to the times, Mr. Som, is sitting out Fashion Week this season and putting on a small presentation in his showroom instead.
Mr. Som and Ms. Posner will face a crucial test in the next few weeks, when they negotiate financing to produce their fall line. The company has received a few calls from potential investors and is meeting with one this week.
For now, Mr. Som is preparing to show his pared-down fall collection containing 16 looks, compared with about 35 in previous seasons. Ms. Posner is lowering price points by at least 20%, partly by pushing their New York factories to give her cheaper rates. A jacquard pleated skirt will cost $695 at retail, compared with $850 for a similar style for fall 2008.
I am a big fan of Peter Som. He is tremendously talented and I hope that by lowering his prices and going into "survival mode" his company will thrive.
As for a few other brands... like Miss Sixty....I can't say that I would be too disappointed if they didn't make it through the recession.
Thursday, February 19, 2009
I've always appreciated his tongue in cheek attitude and sense of humor.
But this collection is a joke....and I'm not in on it.
Here's the only Oscar Party (pre or post) that I would have wanted to attend
Musical performance by Gavin Rossdale
At least one of the young jewelry divas will be there representing Team Beladora
(and wearing vintage Jean Mahie in 22K)
Great architecture on the sleeves and skirt...I'd skip the arm warmers though.
Wednesday, February 18, 2009
and how painless it would be to cut back on buying new clothes this year
because most of what I see in the 2009 Fall RTW Collections is completely unwearable...
at least it is for me.
Short Skirts, Big Shoulders, Slouchy Silhouettes, etc...
didn't I already wear those clothes in the 1980's?
So far I've only seen a sprinkling of pieces that I would consider buying
and not surprisingly three of them come from one of my favorites, Tuleh.
Tuesday, February 17, 2009
After looking at the Fall 2009 RTW collections I've been faced with a dilemma....
Which collection was my least favorite?
There were so many unflattering details spread throughout the many collections that it was indeed hard to make a decision.
Until I saw Miss Sixty.
Acid Wash Encore and What's Up With The Model's Boobs?
Seriously, I don't know how the models kept from cracking up on the runway in these less than Guggenheim Museum worthy outfits. (It looks like they weren't in on the joke)
Other than the leather leggings/boots... would you wear any of these clothes?