The Times reports that champagne sales are down this holiday season and not necessarily because people can’t afford the bubbly. Amid layoffs, foreclosures and other economic losses, as well as a shortage of the usual celebratory occasions like “mergers, closings, bonuses and office parties,” “People just don’t want to look extravagant today,” said Paul Grieco, a Manhattan restaurateur. “They still want to drink, so they cut out the Champagne and go directly to whatever they’re drinking with dinner.” Convinced this includes sparkling wine priced $10 to $20, “the sweet spot these days for good wine values,” the Times gathered a wine panel to taste test 25 bottles, admitting that, “While our price range was $10 to $20, most of the wines in the tasting were $15 to $20.” This makes total sense since a $15 bottle of sparkling wine looks so much less extravagant than a $15 bottle of champagne. “Let’s be honest,” the reporter mused, ”none of these bottles will match a very good Champagne. But they cost half what you would pay these days for the least expensive Champagne.” Half as much, huh? Clearly the Times has never heard of Andre.
So have you been cutting down on your Champagne toasts this holiday season because of the recession? And if so, what are you drinking it its place? [NYTimes]
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The New York Times has an interesting story in today’s Style section about how the recession and tanking economy will affect the cosmetic surgery and beauty industries. Will people, specifically women, start scrimping on beauty products and cut spending on Botox, boob jobs, pricey gym memberships, and fad diets?
Indeed, a few indicators suggest that financial constraints are beginning to interrupt the narrative of better living through surgery — at least temporarily. Sixty-two percent of plastic surgeons who responded to a recent questionnaire from the American Society of Plastic Surgeons said they had performed fewer procedures in the first half of this year compared with the same period last year, according to the latest anecdotal information from the group.
Personally, I don’t think this will last. The pursuit of perfection is a vice and an addiction, and like sex and booze, which thrive during tough economic times, the desire to look better and younger will never die. Keep reading »
Once upon a time, Carrie Bradshaw was a role model for women across America, and “Sex and the City” promised a Manolos and men-filled life. Even after the show was canceled, it lived on in reruns, and the movie version brought lady viewers back in droves. Now, though, the recession promises to finally put to bed women’s “Sex and the City” pipe dreams, or so says Vanity Fair, when one male writer takes a ride on the “SATC” bus tour. From a sad visit to the sex shop where Charlotte bought her Rabbit vibrator to the Magnolia Bakery cupcake-eating gaggle of female tourists who ragingly recount every single episode, some women are still desperately trying to hold on to “Sex and the City” escapism, instead of sinking into the reality of the great 21st century depression. By the end of the tour of this female fantasyland that never really existed: “We all realize what an obsessively ridiculous, embarrassing, empty, and needy exercise this has been.” Us, too. [Vanity Fair] Keep reading »
We’ve all come up with little creative ways to cut back on spending and raise money for those holiday gifts, from taking on a second job to selling clothes on eBay. But a 14-year old Austin girl had a much better way to raise some holiday cash. She decided to pimp out her brothers.
Kristin Walters has muscular dystrophy, which prevents her from doing work most kids can do to earn money. So she turned to her older, and handsome, twin brothers for help. Kristen is auctioning off a date with her bros on Craigslist to have spending money to buy gifts for her family. According to the post, the date includes dinner at a fine restaurant, drinks and transportation in the local Austin area.
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I admit, I’m pretty much a walking gender stereotype — I like shopping, getting pedicures, grabbing drinks with the girls after work, obsessing about my hair, and lusting over other woman’s awesome boots. I also hate when models brag about how they can eat anything without gaining an ounce, and I have an unhealthy addiction to gossip sites, but that may be taking it a bit too far. The point is, I embrace my girlishness and I’m not about to give up any of the fun parts about being a chick just because the economy is tanking. So I’ve decided to embrace my inner recessionista, who frankly, wasn’t all that hard to find (she also goes by the name “cheap”). Before thriftiness was a necessity, I picked up a few tips about living fabulously without spending a bundle. After the jump are my five favorite tips for embracing your inner recessionista…
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You thought you had it all figured out. Marry a rich guy, you’ll never have to work, and you can spend the rest of your life shopping. Unfortunately, the global recession has thrown a wrench into your well-crafted plans. Now that sugar daddy bank accounts are shrinking, trophy wives are discovering they may be s*** out of luck when it comes to living the good life. In the UK, a trophy wife named “Katie” finds out she’s going to have to cut back on her mani-pedis and seaweed wraps — not to mention having her black AmEx snipped in half. “You loser!” she screams at her husband. “You’ve destroyed my life!” Trophy wives are becoming “Toxic Wives,” as their love for their significant others dwindles in tandem with their hubbies’ bank balances. Divorce rates are rising, and “for richer, for poorer” no longer applies. One wealthy husband turned to his wife in the middle of the night and asked her if she’d love him if he lost everything. Her reply? “F— no!” As it turns out, most toxic trophy wives aren’t leaving their husbands to join the work force. They’re looking for new rich men to replace the newly poor ones. [Telegraph] Keep reading »
Because the stock market and the economy are so volatile right now, people are looking for any kind of guidance they can get — even if that means turning to the supernatural. According to a New York Times article, psychics and astrologers are doing big business these days, with clients paying anywhere from $75 to $1,000 an hour for a little insight. While we love our Kiki T and her advice, we can think of a few things that would make us feel better than knowing we’re going to lose another chunk of change this week. After all, a psychic’s advice about the stock market lasts for a day, but a horse bit necklace is forever. Keep reading for 10 alternative ways to spend $75 that will make you feel better about yourself, if not the world… Keep reading »
I wouldn’t consider myself to be a Grade A snob, despite what some may think. I may carry an expensive bag or be sporting expensive shoes, but chances are that I’m wearing Forever 21 everywhere else. I prefer a diner sandwich to a fancy meal, have cut myself off from mani/pedis and learned to polish my own, and am getting a little less bitter about the subway. In these tough economic times, we’re all trying to cut back, but there are some things we’re just not willing to give up. Keep reading »
Unless you’re living in a cave somewhere in, I don’t know, rural Alaska, far, far from civilization, you’ve probably noticed that our economy is in the crapper. And despite last week’s presidential election of Barack Obama and his message of change and hope, it will take some time before things stabilize and we’re back on track. In the meantime, many of us are choosing to embrace our inner recessionistas, shunning the big-budget shopping sprees and pricey meals out that we may have enjoyed in the past in favor of clothing swaps and cozy dinner parties in. But quaint as all that sounds, it isn’t always easy to go from spendista to recessionista, to save for a rainy day instead of splurging on a cute, new pair of Wellies the second we spot anything less than clear blue skies. After the jump, a few tips to try in the next 30 days to help you find your own inner recessionista and jump start a new lifestyle of living large, but spending small. Keep reading »
With the state of the economy as it is (sad, very sad), U.S. retailers are cutting orders an average of 10 to 15 percent and expecting reduced spending in the coming months. You might think that when shoppers do make a purchase, they’ll stick to buying basics that can be be worn more than once without anyone noticing. However, JC Report spoke to several retailers who said they were seeing an increase in the buying of pieces that make a statement. “To some degree, there’s an element of fantasy going on—our customers are buying more daring pieces, perhaps to escape from what’s going on in the world,” said Jenny Le, manager of Opening Ceremony in Los Angeles.
A look through my closet, and those of other Frisky staffers, backs up this theory. The last three things I’ve purchased: a dress covered in giant hot pink polka dots, a black dress with an extremely drapey neckline that can definitely not be worn to work, and a pair of neon tights with different colored legs. None of these items can be worn on a daily, or even weekly, basis without me becoming known as “the girl who always wears that crazy polka dot dress,” but they’re exciting articles of clothing that will put me in a good mood whenever I wear them. Heck, even thinking of them hanging out in my closet makes me happy. Keep reading »