Luxe Life


December 2008


Jay-Z's J Hotels Construction on Hold

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Hip-hop mogul Jay-Z has been stung by the recession. The hit maker sank money into J Hotels, acquiring a $66 million plot to build a luxury hotel in New York City. The purchase included the property plus air rights. Construction on the venture has been halted because of a serious lack of funding.

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TAGS:
recession

Rich Pawn Their Belongings

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Pawnshops—loan companies that take items as collateral—have always gotten a bad rap. This stereotypical image often comes to mind: A seedy store stuffed with broken belongings in an unsafe area of town often catering to derelicts and criminals. But with the credit crunch, pawnshops are seeing ...

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TAGS:
recession
economy
Madoff, Bernard

Holiday Gift Guide: Luxury Edition

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There are only a few more days left until Christmas, and you may be among the 41 million consumers who haven't started their holiday shopping. According to the National Retail Federation's 2008 Holiday Consumer Intentions and Actions Survey, the average person had completed 47.1 percent of his or ...

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TAGS:
shopping

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