Showing posts with label recession news. Show all posts
Showing posts with label recession news. Show all posts

Thursday, April 16, 2009

Recession-Savvy Rappers Tone Down The Sparkle, But Not The Swagger


[photo via Hip Hop Since 1987]

ATLANTA — The hip-hop world is a less bling-bling place these days.

The music genre has been defined as much by diamond-encrusted watches and platinum chains as its gritty urban lyrics. But in the last couple of years, it has scaled down its flash, a trend insiders say has become more pronounced during the recent recession.

Make no mistake: The industry that made an urban household name out of New York's Jacob "Jacob the Jeweler" Arabov me isn't entirely reversing course. (Case in point _ Lil Wayne's "A Milli," one of last year's biggest songs, which had the rapper bragging wildly about being a "young millionaire.")

But "the day of conspicuous consumption is gone," says Tamara Connor, an Atlanta-based stylist who has created looks for chart-topping rappers, including Lil Wayne.

"We're still going to see some bling, but it's just not going to be as much," Connor says. "Instead of four diamond necklaces, it might just be a diamond bracelet _ and it's a piece the celebrity wears all the time. They're not changing their jewelry out everyday."

Photo shoots, for example, are being done with fewer of the specialized medallions considered a calling card for the likes of Rick Ross, whose chain with a likeness of his head _ complete with black diamond beard _ has an estimated value of $30,000.


Read the rest of the story here.

Wednesday, April 15, 2009

Ace of Spades... Recession Proof!


Cristal still sells, but I'm not sure they are not seeing increased demand like boutique champagne brand Armand de Brignac. Ever since the co-sign from Jay-Z in Show Me What You Got video the "Ace of Spades" bottle of bubbly has garnered much attention from rappers across the spectrum. A report in the Independent states that the demand is so high that the winery could sell their 60,000-bottle production run several times over. The brand will reach its maximum production of 82,000 within three years. The Armand de Brignac Cuvees are priced from $300US per bottle and come in three varieties, Champagne Rose, Champagne Blanc de Blanc, and the Brut Gold.

Soon to be a birthday staple. Rawk...let's make it happen!


via Luxist

Monday, January 26, 2009

Recession News: 40,000 Jobs Lost Today


New series of posts called "Recession News" as I am completely amazed at the how badly things are going around the world. Some say its the everything coming to and end...I patiently wait, and try and spend and save as much as I can simultaneously. What good is your savings account if everyone is gone. Anyway, with jobs going like hot cakes just having one will be enough to stunt on a motherfu**ah!

WASHINGTON — The recession is killing jobs at an alarming pace, with tens of thousands of new layoffs announced Monday by some of the biggest names in American business _ Pfizer, Caterpillar and Home Depot.

More pink slips, pay freezes and other hits are expected to slam workers in the months ahead as companies desperately look for ways to survive.

...the mounting toll was visible Monday as roughly 40,000 more U.S. workers got the grim news.

Read the rest of the story here.