LONDON (Reuters) - From a $112,000 diamond-and-gold dummy to a $1,320 Gucci baby tracksuit, you can never be too young to enjoy a little luxury. FILE PHOTO: Britain's Prince Harry and Meghan, Duchess of Sussex leave after the Commonwealth Service at Westminster Abbey, on Commonwealth Day, in London, Britain March 11, 2019. REUTERS/Toby Melville/File Photo As Britain’s Prince Harry and his American wife Meghan Markle prepare to welcome their first child, there is no shortage of high end brands they can turn to for nursery furniture, baby clothing and plenty of toys. Personalized cots, cashmere cardigans and traditional rocking horses are among luxury items on offer for youngsters, with an array of brands seeking to capitalize on affluent parents’ demand for such costly items. “It’s grown into a huge market. It’s been hugely helped by the royals because it gives a lot of these brands an international platform,” said Kate Freud, editor at … [Read more...] about Gold dummies and cashmere tops: luxury befitting a royal baby
Just in time for International Women's Day on Friday, March 8, style icon Olivia Palermo is auctioning off some of her favorite fashion finds. The 33-year-old star has hand selected five luxury items from her personal closet that she believes are boss-worthy. Olivia's high-end items are currently up for auction on eBay for Charity with 100 percent of the proceeds going to Dress for Success. A piece of her wardrobe: Just in time for International Women's Day on Friday, March 8, style icon Olivia Palermo is auctioning off some of her favorite fashion finds eBay for Charity connects buyers and sellers to the causes they care about most. Dress for Success is a global nonprofit organization that helps women achieve economic independence by providing them with professional attire to help support their job-search and interview process. 'Becoming more involved with Dress for Success over these past six months has allowed me to learn more about the … [Read more...] about Olivia Palermo auctions off luxury fashion pieces on ebay for Charity
Seoul, South Korea (CNN)You can buy anything your heart desires in this North Korean store: premium blended whisky, jewelry and perfume. Or you can pick up a brand new drum set or a saxophone that's carefully displayed in a glass case. But there's a catch. The department store is cash only. And the profits could go to an illegal nuclear weapons program. New images released as part of a yearlong investigation by NK Pro, an independent North Korea monitoring group, shows just what money can buy in two luxury Pyongyang department stores. Luxury goods can be seen on sale at one North Korean store in this photo supplied by NK Pro/NK News. In much of the countryside, humanitarian groups say North Koreans live in grinding poverty. But in the capital, there is clearly money to spend. Read More "I saw North Koreans paying with hundred dollar notes for items costing more than $2,000," said a senior Western diplomat who was based in Pyongyang and visited the stores several years … [Read more...] about Where North Korea’s elite go for banned luxury goods
Do we need to start limiting the amount of certain things wealthy people can buy (which would in turn hurt the workers who made those items)? That seems to be what 2020 presidential candidate Sen. Bernie Sanders (Socialist-VT) was suggesting in a tweet sent in April 2017. “How many yachts do billionaires need? How many cars do they need? Give us a break. You can't have it all,” Sanders, or a member of his staff, tweeted. How many yachts do billionaires need? How many cars do they need? Give us a break. You can't have it all. — Bernie Sanders (@BernieSanders) April 21, 2017 It seems like there’s something between car and yacht that rich people have more than one of, but I can’t quite put my finger on it. Oh yeah, houses! Rich people have a lot of houses. It’s odd that Sanders would leave that item off the list. Maybe it’s because Sanders himself owns three homes despite railing against the alleged excesses of “millionaires and … [Read more...] about FLASHBACK: Bernie Sanders, Candidate Of The Poor, Asks How Many Luxury Items Billionaires Should Own. He Leaves Out One Important Item.
Louisville Mayor Greg Fischer said on Thursday that Kentucky lawmakers must consider taxing luxury items to help pay for the state's burgeoning pension crisis. He cautioned residents that skyrocketing retirements costs could result in the city making significant budget cuts in the coming year. "We're always ready to deal with the unexpected but this will be difficult for the people of Louisville and force metro government to reduce consistent services," he said. The mayor gave the warning during his annual State of the City address, which was delivered to the Louisville Rotary Club at the South Central Regional Library. His speech touched on a number of issues ranging major investments downtown to the ensuring opportunities touch all corners of the community. More Courier Journal headlines ► Bevin admin. announces record-shattering $9.2B in 2017 business investments ► Report: JCPS allowed abusive employees to go unpunished and back … [Read more...] about Mayor Fischer calls for Kentucky to adopt ‘luxury’ tax to tackle pension crisis