what recession?

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Starbucks Now Selling $7 Cup of Coffee

Customers want 'rare and exquisite' coffee, it says

(Newser) - Tired of paying $3 for a cup of coffee? You're in luck: Starbucks is now offering a $7 version—its most expensive blend ever. That's the price for a 16oz cup; a 12oz "tall" of Costa Rica Finca Palmilera will run you $6, while a half-pound bag... More »

Nike Now Hawking $315 LeBron Sneakers

But, uh, they'll tell you how high you jump...

(Newser) - Apparently Nike doesn't think the recession has touched people who really, really love LeBron James. The company is releasing its most expensive sneaker ever this fall, a $315 LeBron basketball shoe, thus testing the $300 price barrier. If it makes you feel any better, the LeBron X Nike Plus... More »

Dow Passes 13K Mark

Last time it did so: May 20, 2008

(Newser) - Huge milestone today: The Dow crossed the 13,000 mark, the first time since before the 2008 financial crisis that it has done so. The last time it made it above that milestone was on May 20, 2008, four months before Lehman Brothers went under. Behind today's bump: the... More »

10 US Cities Bursting With Jobs

Columbus, Indiana, and Casper, Wyoming top employment list

(Newser) - Recession—that's a big-city thing, right? Several mid-size cities around the US are making an argument for their economic superiority, boasting job growth higher than the 1.5% national average in 2011. You may not know these cities well, but the Christian Science Monitor recommends them:
  1. Columbus, Indiana: No,
... More »

Record Dessert Costs $35K

It does, however, come with a diamond

(Newser) - Filed under the what-recession category: A UK chef has concocted the world's most expensive dessert, which will set you back $35,000, reports Time . Along with dark chocolate pudding, champagne caviar, and gold-laced biscuits, you get a 2-karat diamond. The dessert from chef Marc Guibert at the Lindeth Howe... More »

Hot Christmas Gifts: Ferrari, $45K Ping-Pong Table

Fantasy gifts for 2011 unveiled in 'Christmas Book'

(Newser) - It’s that time of year again: time for Neiman Marcus to say, “Recession? What recession?” and urge you to purchase a $250,000 mahogany speedboat for your beloved this Christmas. Yes, the Christmas Book was unveiled yesterday. To really get into the holiday spirit, read on for the... More »

Olsen Twins' $39K Backpack Sells Out—Quickly

Apparently ridiculously expensive luxury items perform well in a recession

(Newser) - The solution to America's endless economic woes is apparently the Olsen twins' $39,000 backpack. In a Women's Wear Daily interview from last week just getting some attention , Ashley explains why she and her sister thought extreme luxury might sell: "During our last economic crisis in the... More »

What It's Like to Have Your Own Private Island

Apparently, it's quite a bit of work

(Newser) - The latest Rich Person Trend: Buying your own private island in the Exuma Cays, a little-known cluster of 365 small and mostly uninhabited islands in the Bahamas. Tyler Perry, Tim McGraw, and Faith Hill are among the newer buyers, joining older purchasers including Johnny Depp and David Copperfield. But what... More »

JK Rowling Gets OK to Raze $1.6M Home

...so she can make the garden of her $3.3M house larger

(Newser) - So, this is how rich JK Rowling is: The Harry Potter author bought the $1.6 million house next door to her $3.3 million mansion … for the sole purpose of demolishing it … in order to make her garden bigger. Rowling, who the Telegraph notes is worth upward... More »

For 1st Time, US Drinks More Wine Than France

We're not back in boom times, but things are looking more rosé

(Newser) - Olympic golds pale in comparison to this national feat: The US last year consumed more wine than France. And it's just one of many full-bodied wine stats for 2010. The Los Angeles Times shares the signs that Americans are trading their recession-minded ways for a good (or, at least,... More »

Why White Truffles Cost $2K a Pound

It's surprising, considering they smell like 'a locker room'

(Newser) - Truffles: They’re a featured ingredient in a $1,000 bagel or the similarly priced “Golden Opulence” ice cream sundae . So what is it about these mushrooms, the white truffle in particular, that make people willing to spend $2,000 a pound on them? They’re rare—only available... More »

Adriana Lima Unveils $2M Bra

Victoria's Secret 'Bombshell Fantasy Bra' is quite sparkly

(Newser) - Got an extra $2 million burning a hole in your pocket? Then the new Victoria’s Secret “Bombshell Fantasy Bra” is for you. Victoria’s Secret Angel Adriana Lima modeled the Damiani-designed bra at a luncheon yesterday, and insisted that the push-up bra is “comfortable” and keeps “... More »

Neiman's 2010 Fantasy Gifts: $15K Gingerbread House

Welcome back, ridiculous $1 million-plus offerings!

(Newser) - Well, the economy must be getting better: Neiman Marcus has returned to the practice of putting $1 million-and-higher items in its annual Christmas catalog. Specifically, you can have Dale Chihuly transform your swimming pool into a work of art for $1.5 million. Last year, such items were bumped from... More »

How to Cook Dinner for 2 for a Mere $440

It's possible, and you only have to visit one store to do it

(Newser) - Tired of reading all those "How to Make Dinner for Less Than $10" articles, Noreen Malone decides to try an experiment in the opposite direction. She goes to Whole Foods to see how “the other half lives,” she writes on Slate , and assembles a $443.48 imaginary... More »

How to Spend $4M in a Day

It's possible, with surprisingly few steps

(Newser) - Recession? What recession? Inspired by the $175 cheese sandwich that some fancypants cheese show unveiled this week, The Frisky puts together a fantasy day in which you could spend more than $4 million:
  • Breakfast: Stick to your budget with a nice, simple bagel. A $1,000 bagel that is, served
... More »

Introducing the $200K Home Aquarium

Some people, apparently, can still afford this stuff

(Newser) - Looking for the perfect final touch to trick out your Manhattan penthouse? Consider a 700-gallon, $200,000 aquarium. Such high-end systems are the new status symbol among the “what recession?” set, reports the New York Times . These aren’t your 50-gallon waiting room tanks: They can be 14½ feet... More »

Arizona Dem: Congress, We Need a Paycut

Ann Kirkpatrick wants to take $8,700 hit—first since Depression

(Newser) - Many lawmakers are calling on Congress to once again forego its annual raise, but Arizona Democrat Ann Kirkpatrick is taking things a step further, proposing an $8,700 pay cut. That would amount to 5% of a House member’s base salary of $174,000, and $4.7 million in... More »

Recession Tips From the Rich

Yacht fuel eating up too much of your budget? You're not alone.

(Newser) - Still looking for ways to cut costs in these tough economic times? Let these actual rich people, as overheard by Nell Scovell, guide you. She recounts their advice in Vanity Fair :
  • “With diesel at the marina up over $3 a gallon, we’re trying to keep the Hinckley’s
... More »

What You'll Get at Your $650 Dinner Tonight

Fancy restaurants still charging a bundle for New Year's Eve

(Newser) - Despite the still-grim economy and a recent British survey finding 80% of people plan to spend New Year’s Eve at home…one New York restaurant is still charging $650 for tonight’s prix fixe menu. Salon takes a look at what going extravagant might get you tonight:
  • Aureole, New
... More »

Crime Down, Despite Recession

Experts puzzled by drop in murder, property crime

(Newser) - Despite financial misery, unemployment, and foreclosures, America's crime rate actually dropped in 2009. Preliminary FBI figures show murder and manslaughter are down 10%, January to June, while property crimes overall dropped 6%, the AP reports. Car theft is down 19%. "That's a remarkable decline, given the economic conditions,"... More »

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