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These Are The World's Strangest Condiments

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jufran banana sauce philippines

In America, hot dogs and ketchup go hand in hand. Not so in the Philippines.

In this Southeast Asian country of 7,000-plus islands, the ballpark staple is commonly found cut up and mixed in with spaghetti, then tossed with something they call banana sauce.

It’s sweet, it’s tangy — and it tastes nothing like bananas.

Check out the bizarre condiments >

Banana sauce is just one of many condiments from around the world that is used in ways that may strike us as, well, strange. For others, like fermented bean curd from China, the way it’s used isn’t as surprising as, say, the way it tastes or smells.

These small, slippery cubes of fermented tofu are so pungent that half of one can be enough to flavor a heaping bowl of rice or breakfast porridge. (It can also be described as umami, a Japanese word that refers to a fifth taste — outside of sweet, salty, sour, and bitter — and is often used to describe fermented or aged foods.)

China’s condiment of choice isn’t the only one with a strong flavor profile. There’s a spicy kick to many of the world’s most popular condiments, from India’s mango pickles to a habanero sauce made in Belize and available in “No Wimps Allowed” and “Beware” versions.

Of course, food has always been a direct way to gain insight into another culture. And tasting a destination’s quintessential condiment—whether its tkemali in the Eastern Europe country of Georgia or harissa in Tunisia—can only make that dining experience more flavorful.

But that doesn’t mean you need to book a flight. It’s increasingly easy to try out new sauces and spreads in your own neighborhood. If some of these condiments don’t sound so bizarre to you, it may be thanks to your grocery store; many across the U.S. are dedicating more aisle space to jars, cans, tubes, and bottles from overseas.

Read on for a taste of these exotic condiments and, more important, explanations for how they’re used—so next time you’re abroad (or in a local ethnic restaurant), you won’t be caught putting banana sauce on roast pork.

And if you’ve sampled an unusual condiment, share your experience by posting a comment below.

 

More from Travel + Leisure:  World's Strangest Bridges >

More from Travel + Leisure:  The Foodie's Travel Bucket List >

More from Travel + Leisure:  Great Farm To Table Restaurants >

More from Travel + Leisure:  Europe's Best Wine Bars >

Fermented bean curd, China

These silky, pungent cubes of fermented tofu are mixed very sparingly with rice or breakfast porridge.

You can season an entire stir-fry dish with one or two of these soft cheese-like cubes.



Tkemali, Georgia

Everything from fried chicken and grilled meat to potato dishes will taste tart, sweet, and spicy thanks to this thick sour plum sauce.

Recipes vary, but it usually gets its array of flavors from a blend of garlic, coriander, dill, chili pepper, and salt.



Harissa, Tunisia

This super-spicy paste of chiles, coriander, caraway, and garlic is now made in France, due to the large population of Tunisian immigrants.

There are countless ways to incorporate it into a meal; a few favorites are to rub it on steak before grilling or mix it with lemon juice and olive oil (or even plain yogurt) and serve with pita.



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Miranda Kerr named the new face of Mango

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Australian supermodel Miranda Kerr takes over from Kate Moss as the face of Spanish fashion retailer Mango.

Kerr was announced as the latest star to feature in print and video ad campaigns for the Spanish ‘fast fashion’ retailler Mango.

“Mango is a brand that I love. You always find the perfect garment for every occasion!” announced Kerr in a post on the label’s blog.

Photographers Inez van Lamsweerde and Vinoodh Matadin shot the latest campaign in New York City, which will be unveiled in full in the spring.

Aussie model Kerr was born in Sydney in 1983 and started her professional modeling career at the age of 13. Miranda was made a Victoria’s Secret ‘Angel’ in 2006, and has walked in the brand’s annual fashion shows (the latest took place in a storm ravaged NYC earlier this month).

Miranda is in good company: alongside Moss, supermodels Milla Jovovich, Naomi Campbell, Eva Herzigova, Claudia Schiffer and Christy Turlington have all previously represented the brand.

Married to Lord of the Rings star Orlando Bloom, who shot photos of her for a Rag & Bone online editorial, Miranda has also featured as the face of Maybelline New York and Levi’s jeans.

With a 1.2 billion in turnover in 2011, the Barcelona-based fashion brand has grown rapidly, and now boasts 2,415 stores in 107 countries worldwide.

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Rent the Scarface Villa for $10,000 a week

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The iconic Californian villa where Brian de Palma shot Scarface is available to rent, for $10,000 a week or $30,000 a month.

Fans of legendary Cuban-American gangster Tony Montana, portrayed by Al Pacino in the 1983 movie, will be able to make the most of El Fureidis villa. Located in Coral Gables, Florida in the film, the actual villa is in fact in Santa Barbara, California.

The luxurious mansion, whose name translates as ‘Little Paradise,’ offers four bedrooms and seven bathrooms. The 10-acre property is home to six shimmering pools terraced on different levels and a rare tree collection.

A private chef can even cook for tenants during their entire stay or just for a lunch or dinner.

Discover the villa: www.vrbo.com
Book the villa: www.villagesite.com

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Millionaires Are Staying Far, Far Away From Black Friday Sales

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shoppers black friday

We all know that millionaires won’t be joining the deal-hungry hordes fighting over $179 flat screens Friday morning.

But it turns out, they won’t be popping into Nordstrom’s either.

A survey from Spectrem Group showed that 83 percent of millionaires do not plan to go shopping at all on Black Friday. (They define millionaires as those with $1 million or more in investible assets.)

Millionaires are far more likely to avoid Black Friday that the middle- to upper-middle class. By contrast, nearly a third of those with $100,000 or more in investible assets plan to go shopping on Friday.

(Read more: One Percent to Boost Holiday Spending by $600 Million)

George Walper, president of Spectrem, said that millionaire consumers are less willing to battle the crowds for the deals involved.'“This group is more oriented toward quality and value rather than price,” he said. “It’s not like cars or houses are on really on sale on Black Friday.”

Of course, that doesn’t mean they won’t be shopping online. Yet millionaire consumers are more cautious about any kind of spending this holiday season. According to the study, 76 percent of millionaires plan to spend the same on gifts as last year. Only 14 percent plan to spend more, and 10 percent plan to spend less.

Walper says that the sentiment among millionaires has started to turn down after the election, with worries about the fiscal cliff and higher taxes.

“They’re pausing,” he said. “They still don’t have the confidence to go out and spend and drive the economy. These folks are very cautious right now.”

SEE ALSO: Business Insider's Ultimate Gift Guide

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What It's Like To Dine At The 'Best Pub In The World'

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hand & flowers

Nov. 22 (Bloomberg) -- The Hand & Flowers doesn’t look like the best pub in the world.

It stands beside a busy road on the outskirts of Marlow, west of London. With its white walls, red roof and colorful hanging flowers, it’s a pretty, yet unexceptional place.

What sets it apart from thousands of other country inns is the food of chef Tom Kerridge, the only pub landlord to hold two Michelin stars, an accolade normally reserved for fine restaurants such as Le Gavroche and Le Manoir aux Quat’Saisons.

The accolade sets the Hand & Flowers alongside Noma, in Copenhagen, the establishment that has held the title of World’s Best Restaurant for the past three years. If sharing two-star status with Noma has gone to Kerridge’s head, it doesn’t show.

“Great British pubs pushing forward in the Michelin guide is fantastic,” says Kerridge, 38, beefy arms folded as he sits for an interview at the Hand & Flowers.

“We’re trying to shake that tag in Great Britain that it’s a place where food is rubbish. I’d worked in Michelin-star restaurants pretty much my whole career -- but I’m not really a Michelin star kind of a guy.

“Michelin-starred restaurants have always had this aura, especially in the 1990s, of starched tablecloths and having to order expensive wines. That’s not Michelin’s fault: It’s just the restaurants where the chefs were cooking.

“And that didn’t necessarily make me feel comfortable as a person to go to these restaurants. On a day off as a chef, you work really hard and you want to go somewhere where you actually enjoy the atmosphere.”

Refreshing Prices

The Hand & Flowers serves a range of beers alongside fancy wines and cocktails. It’s the price list that is particularly refreshing for diners used to some of the dizzy prices charged in some two-star establishments.

The set lunch is 15 pounds ($23.81) for two courses, 19.50 pounds for three. When I visited, the menu was Crown Prince pumpkin soup with pickled walnut and blue-cheese gougere; salt- baked beef cheek with mustard mash and beer-pickled shallot; toasted rice fool with mango sorbet and toffee sauce.

Rebecca Burr, who edits Michelin’s Great Britain and Ireland guide, and “Eating Out in Pubs,” says she has been watching Kerridge develop as a chef with a distinct personality who knows how to marry ingredients perfectly. He is afraid neither of simplicity nor of employing modern techniques.

Transformed Pubs

“We’re looking for best in each category,” she says in a telephone interview. “You’re not going to get all the bits and pieces you will get in a Mayfair restaurant with an army of waiters, but they more than do their best at the Hand & Flowers, and they are particularly friendly. Food in pubs has been transformed since we started the pub guide nine years.”

Kerridge is matter-of-fact about how he won his second star, putting it down to sustained labor over the years.

“It’s a life-changing achievement and we didn’t expect it,” he says. “We’ve just tried to get better every day over the eight years we’ve been here. It shows that with a load of hard work, and reinvestment of all the money, and a love and a passion for food: Everyone can achieve it. It’s great.”

Don’t go thinking all the food is simple. Starters may include blowtorched Scottish scallop with warm roast chicken bouillon, morels, nasturtium and apple (15 pounds); or for a main you might choose lobster-baked hake with Hand & Flowers carrot, pumpkin seeds and lardo, for 25 pounds and 50 pence.

Kerridge serves rustic French dishes alongside seasonal British food. His culinary debt is as much to pub cuisine as haute cuisine. If you go expecting the fireworks to be found at some two-star restaurants, you may be disappointed.

If you are looking for honest, unfussy dishes made with great ingredients, a lot of care and a bit of humility, you may be very happy.

Hand & Flowers, 126 West Street, Marlow, SL7 2BP. Information: or +44-1628-482277. www.thehandandflowers.co.uk/

(Richard Vines is the chief food critic for Muse, the arts and leisure section of Bloomberg News. He is U.K. and Ireland chairman of the World’s 50 Best Restaurants awards. Opinions expressed are his own.)

Muse highlights include Jorg von Uthmann on Paris art and Warwick Thompson on London theater.

--Editors: Mark Beech, Catherine Hickley.

To contact the writer on the story: Richard Vines in London at rvines@bloomberg.net or . twitter.com/Richardvines

To contact the editor responsible for this story: Manuela Hoelterhoff at mhoelterhoff@bloomberg.net.
SEE ALSO: Michelin's Favorite Cheap Restaurants In New York City

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Lamborghini Unboxing

Conrad Maldives Underwater Suite

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Here’s a look inside the Underwater Suite at Conrad Maldives Rangali Island. Ithaa, which means mother-of-pearl in Dhivehi, is the very first undersea restaurant in the world located 5 metres below sea level at the Conrad Maldives in Alif Dhaal Atoll in the Republic of Maldives

The world’s first undersea restaurant opened 7 years ago at the Conrad Maldives, and to celebrate the anniversary the restaurant is offering guests the chance to not only eat under the sea but sleep under it as well. The 12-seat restaurant will be converted to a private bedroom suite for two, complete with private champagne dinner and breakfast in bed.

Ithaa is encased in plexiglass and reached by descending a spiral staircase. The restaurant offers breathtaking views and ‘fusion Maldivian cuisine’, local cooking with a western twist, and rumor has it that over lunch the place is so bright that guests and staff have to wear sunglasses, and they even keep spares on hand and offer a sunglasses cleaning service.

The special suite is available for only one night of a guest’s stay and arrangements must be made prior to arrival. Available to only one set of guests at a time, dream as thousands of fish swim across the 180-degree-arched glass ceiling.

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The Grand Tourista Bag by Jason Wu for St. Regis Hotels & Resorts

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Fashion designer Jason Wu has created a limited-edition travel bag, called The Grand Tourista Bag, for St. Regis Hotels & Resorts. Below, Alexa Chung is photographed leaving The St. Regis New York, carrying the new Grand Tourista Bag. Photo credit: Sara Jaye Weiss.

Here’s the official news release:

St. Regis Hotels & Resorts, part of Starwood Hotels & Resorts, Inc., is delighted to unveil The Grand Tourista Bag by Jason Wu for St. Regis Hotels & Resorts inspired by today’s grand tour and designed with a new generation of luxury travelers in mind. Sophisticated, timeless and informed by the brand’s rich heritage, The Grand Tourista Bag marks Wu’s first product created exclusively for travel and the first accessory designed for the St. Regis brand. The Grand Tourista Bag will retail for $1,995 at www.stregis.com/boutique and www.jasonwustudio.com beginning in early December and will be available for pre-order at online luxury fashion retailer Moda Operandi beginning today on www.modaoperandi.com.

“I see St. Regis as both a classic and a modern name, which I feel is an apt description of my brand as well,” says St. Regis Connoisseur Jason Wu. “I am really excited to be part of a legacy that is rooted in impeccable style that can stand the test of time, and The Grand Tourista Bag reflects exactly that.”

The Grand Tourista Bag by Jason Wu for St. Regis Hotels & Resorts is a sumptuous shoulder tote designed in a subtle black and white houndstooth pattern on structured canvas with elegant calf leather black trimming. The interior features two pouch pockets lined in viscose/silk grain in Wu’s signature grey color, perfectly-sized for tablets, e-books and a passport. St. Regis hallmarks are embossed on the interior’s leather trim and pay homage to the brand’s flagship hotel on 55th Street and 5th Avenue in New York, opened over a century ago by John Jacob Astor IV.

“Traveling the world to design, show and sell his collections, Jason Wu intimately understands the needs of luxury travelers today – a new generation that is increasingly staying with St. Regis around the world,” says Paul James, Global Brand Leader, St. Regis Hotels & Resorts. “As a hotel brand as international and informed as its guests, we are building our portfolio in destinations at the heart of the new grand tour itinerary and celebrating this concept with a travel bag that has both style and substance.”

For centuries, affluent travelers would go on a grand tour through Europe to collect experiences and cultivate knowledge. Today as culture, business and leisure intersect in destinations as diverse as Abu Dhabi, Aspen, and Sanya Yalong Bay a new global traveler has emerged: multi-national and cross-generational, mobile and jet-setting. St. Regis Hotels & Resorts is uniquely positioned to cater to the needs of this global elite, offering a distinct perspective on contemporary luxury informed by its own rich heritage. Nearly tripling the brand’s portfolio around the world in just five years, the St. Regis brand recently debuted hotels and resorts in Bal Harbour, Doha and Shenzhen with upcoming openings ranging from Mauritius and Jakarta to New Delhi and Chengdu. Celebrating this concept, St. Regis has created a package that offers guests an exceptional culinary experience and a special gift indicative of each destination on the new grand tour itinerary, featured on the brand’s special website, www.stregis.com/newgrandtour.com.

St. Regis has taken special care to partner with ambassadors who share the brand’s commitment to excellence and speak to the passions of its guests, while offering an authentic connection to the St. Regis heritage. Jason Wu joins Nacho Figueras as the brand’s second Connoisseur. The partnership with Wu, whose stylish supporters include Diane Kruger, Rachel Weisz and Reese Witherspoon, developed organically over the course of two years, when Wu showed his collection as a breakout designer at The St. Regis New York during S/S 2010 New York Fashion Week. Wu has attended many milestone events for the brand, including the recent grand opening of The St. Regis Bal Harbour Resort, and as a genuine brand enthusiast, Wu calls St. Regis home when he is traveling and entertaining.

Through its signature St. Regis Aficionado program, the St. Regis brand has created an opportunity for its global guests to style their wardrobe for the new grand tour itinerary with a limited-edition Grand Tourista Bag. St. Regis Aficionado events scheduled at St. Regis Hotels & Resorts around the world are open to all guests and can be reserved at www.stregis.com/aficionado.

Additionally, Starwood Preferred Guest (SPG) offers SPG members direct access to bespoke experiences including the opportunity to meet St. Regis Connoisseur Jason Wu at the legendary St. Regis New York. Please visit www.spg.com/moments for more information.

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Holidays at the Ritz-Carlton Chicago, a Four Seasons Hotel

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We are republishing our Holiday visit to Ritz-Carlton Chicago, experienced exactly one year ago. Keep in mind, services and decorations may’ve changed — but the Ritz-Carlton Chicago is always a wonderful destination. This review was co-written by Christopher and his wife, Alison.

Sure we all love a beach vacation or a tranquil desert spa the rest of the year. But at Christmas time you don’t want to see twinkle lights in palm trees or Santa in surfer shorts. You want chill in the air, you want a chance of snow, and you want a hot cocoa to warm your fingers while you window shop. You want to visit Chicago.

The Ritz-Carlton Chicago, a Four Seasons hotel, is a warm and welcoming holiday home-away-from-home for your family’s visit to the Windy City. The unbeatable location and signature service assure your family a comfortable and relaxing stay.
Our family recently enjoyed a lovely post-Thanksgiving weekend in this outstanding hotel and found it to be the perfect kick-off to the Christmas season.

The lobby of the Ritz-Carlton Chicago has always been a family favorite, with its dramatic fountain, nature inspired wall reliefs and bright wall of city-view windows. So we were excited to see how the elegant space would express itself for the holidays. We were pleased to find a towering Christmas tree accented, much to our daughters’ delight, with the signature little red bags from American Girl Place, their personal favorite Chicago landmark. Charming gingerbread houses and tasteful holiday décor enhanced the welcoming atmosphere.

The lobby also plays home to the newly enlarged and reimagined dining area, Deca. We ate a dinner and breakfast at the Deca Restaurant. The children’s menu ranges from pb and j to filet mignon and doubles as a take-home coloring book. It goes without saying that the service and food were spot on. The Deca Bar is also a perfect perch for a snack and a few Shirley Temples. The deep couches and wall of windows make it a good spot for a family recharge.

Before we even made it up to our room after checking in, we stopped in at the Deca host’s stand for the first event of our stay. We had made reservations at a table behind the scenes, in the kitchen with the pastry chefs! The cookie-decorating tour is available everyday at 4:00. The girls learned chef’s tips for rolling out and cutting their own sugar cookies, which were baked to perfection and later delivered to the room with frosting and sprinkles, ready for decorating. What a hit!

When making your reservation, consider requesting the Happy Camper service. Our girls enjoyed hiding out in the tent that was pitched for them and snacking on the chocolate and graham cracker covered marshmallows. But it was the much anticipated visit from the Candy Man that truly set them twirling. The Candy Man (actually a charming young woman) arrived at our door with a fully stocked candy store on a pushcart! She enlighten our daughters on the personality traits that their candy selections revealed and left them tickled pink with their fat little sacks of gummy snakes and chocolates.

While the rooms are elegant and the views are stunning, eventually you may choose to leave the hotel. If a little holiday shopping is your plan, you are in the perfect place to set out on the retail wonderland that is Chicago’s Magnificent Mile. But even better, leave your coat in your room and simply take the elevator down to the shops of the Water Tower Place. The most beloved of these stores, for our girls is (of course) the American Girl Place. Half mega doll store, half schoolgirl mecca, this enormous space caters to the dreams of girls and the heartstrings of their parents. It is hard to resist the allure of the wholesome, history-rich adventures that American Girl offers. While our 7 year old savored the character dioramas and delighted in finding new mystery books starring her treasured “Kit,” our 4 year old was very pleased to select a tiny ballet costume for her well-worn “Bitty Baby.” We also enjoyed brunch at the in-store restaurant, complete with table-side accommodations for dolls. The dessert, served in tiny flowerpots and planted with a take-home daisy, was the favorite.

Upon returning to our room, the girls were thrilled to find a platter of tiny cupcakes and a bouquet of balloons awaiting them. Sneaky daddy and the ever-helpful staff had conspired on one more over-the-top gesture. It soon turned into a Bitty Baby birthday party. Surprise!

Be sure to balance out the kiddie-centric activities by planning a few grown-up treats as well. The hotel spa is an onsite haven and the pool is perfect for swimming laps. The hotel babysitting service is always superb. The friendly, responsible, capable staff has always made us completely at ease. We used our night out to try the recently opened Pump Room for dinner. The calm, elegant dining room and warm staff made it the perfect complement to a morning of American Girl high energy.

We finished our Chicago visit with a few hours of happy wandering in the Art Institute. Where the girls visited some old friends — Seurat’s Sunday park goers, Degas ballerinas — and marveled at the dreamy glow of Chagall’s America Windows. The small, but fascinating, collection of Ancient Egyptian items is always a kid pleaser.

With a chilly dash to the car and a last wave goodbye to the grand lions who flank the museum’s main entrance we wrapped up our Chicago holiday visit. We returned home in the perfect mindset to begin our family’s holiday preparations. Bring on the Christmas baking, we’ve got two Four Seasons trained pastry chefs in our kitchen!

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The Best Wines of 2012

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Wine Spectator magazine has released its picks for the best 100 wines of 2012. In the magazine’s annual round-up of the year’s most exciting wines, the 2008 Shafer Relentless Napa Valley, a blend of Syrah and Petite Syrah, was ranked the highest at 96 points for its “muscle, density, richness and range of flavor.”

Nipping close behind the heels of the US wine, meanwhile, is a 2010 Château de St.-Cosme Grenache blend – 60 percent Grenache, 20 percent Syrah, 18 percent Mourvedre, 2 percent Cinsault — which received a score of 95 points and is best consumed between 2015 to 2030. Rounding out the magazine’s top five list for 2012, meanwhile, is a $69 Shiraz Barossa Valley Bella’s Garden 2010 from Two Hands; Châteauneuf-du-Pape Clos des Papes for $128; and a $60 2009 Sauternes from Château Guiraud.

Here are the best 10 wines deemed the year’s most exciting, by wine producer and wine:

1. Shafer, Relentless Napa Valley 2008, US, $60
2. Château de St. –Cosme, Gigondas 2010, France $41
3. Two Hands, Shiraz Barossa Valley Bella’s Garden 2010, Australia, $69
4. Close des Papes, Chateauneuf-du-Pape 2010, France, $128
5. Château Guiraud, Sauternes 2009, France, $60
6. Château Léoville Barton, St. – Julien 2009, France $105
7. Shea, Pinot Noir Willamette Valley Shea Vineyard Estate 2009, US, $40
8. Beringer, Cabernet Sauvignon Knights Valley Reserve 2009, US, $45
9. Ciacci Piccolomini d’Aragona, Brunello di Montalcino 2007, Italy, $60
10. Achával-Ferrer, Malbec Mondoza Finca Bella Vista 2010, Argentina, $120

See the entire list.

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Caviar Vending Machine Opens In LA

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CBSLA.com reposts that a caviar vending machine, the world’s first, has been unveiled at the Burbank Towne Center mall. The touch-screen contraption boasts ‘a large selection of the world’s finest selection of caviar.’ It also sells truffles, escargot, bottarga, blinis, oils, Mother of Pearl plates and spoons, gift boxes and gourmet salts. Members of the 1% who get a late-night craving can hit up the Burbank “boutique” until 2 a.m, located at 201 E. Magnolia Blvd., on the second floor across from Bath and Body Works.

Caviar is not the usual fare one would expect from a vending machine. Beverly Hills Caviar has unveiled its first touch-screen vending machine at the Burbank Towne Center, offering “a large selection of the world’s finest selection of caviar, truffles, escargot, bottarga, blinis, oils, Mother of Pearl plates and spoons, gift boxes and gourmet salts.” Prices range from under $50 up to $500. – Read more…

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Hôtel Le Bristol, Paris

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Hôtel Le Bristol Paris is an exceptional luxury hotel filled with life and culture, which has made service an art.

With a large “à la française” garden, true oasis of peace in the city, Hotel Le Bristol is ideally located on the rue du Faubourg Saint Honoré, one of Paris’ most distinguished shopping streets.

187 rooms and suites filled with sumptuous fabrics and refined woodwork. Vast terraces adjoin many of the suites.

The Gastronomic Restaurant offers exceptional and innovative cuisine by 3 Michelin star Chef Eric Frechon. The Winter Restaurant features the warmth of oak woodwork, and the Summer Restaurant overlooks the garden.

The “114 Faubourg”, the hotel’s new restaurant, located on two open levels linked by a majestic, dizzying, spiral staircase made of wrought iron, is a garden of delights that is open seven days a week. At the helm of the 93-seat restaurant is Eric Desbordes, a young Chef who was mentored by Eric Frechon.

The bar, elegant and spontaneous, welcomes you for an afternoon tea, or less formal lunch or dinner. On Saturdays, informal fashion shows gather real aficionados of fashion and delicacies.

Made of teak and glass like the most magnificent 19th century yachts, the swimming pool opens onto a vast solarium taking in all of Paris. A fitness center equipped with the most updated machines and the Spa are all offered by the hotel to complete its dedication to your well-being.

112 rue du Faubourg Saint-Honoré, 75008 Paris, France
+33 1 53 43 43 00
http://www.lebristolparis.com

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Indian And Italian Companies Are Fighting To Buy Aston Martin

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aston martin vanquish paris 2012

Indian auto maker Mahindra and Mahindra is competing with Italian buyout firm Investindustrial for a stake in British luxury sports car maker Aston Martin, media reports said on Monday.

"Mahindra has emerged as a frontrunner to become a strategic investor," the Economic Times newspaper said, quoting an unnamed official with knowledge of the talks.

"Discussions are still fluid. We are expecting the deal to get closed this week," the report said.

Aston Martin, made famous by its cars in James Bond movies, is owned by Kuwait-based finance firm Investment Dar, which bought it from Ford Motors for $767 million in 2007.

But analysts say the global economic slowdown has affected its sales.

Mahindra is likely to pick up a 40-percent stake initially at a cost of $190-320 million, but could raise its stake to 50 percent over the next four years, the report said.

Mahindra officials were unavailable for comment.

The other serious bidder, Investindustrial, bought a stake in Italian motorbike maker Ducati Motor in 2006.

Aston Martin, which announced its entry into India in April 2011, expects to sell a quarter of its cars to Asian and Middle Eastern countries in the next five years, its sales director Bill Donnelly told reporters at that time.

SEE ALSO: How James Bond Made The DB5 The Coolest Aston Martin Ever

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'Milking' Replaces 'Planking' As The New Bizarre Student Trend

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Milking

Last week, many students travelled to London to protest against being milked by the government. Back on campus, other students were busy milking themselves. Almost literally.

Among the creme de la creme of British youth, an udderly bizarre trend has emerged: milking. Undergraduates stand in public spaces, open a four-pint bottle of milk and pour its contents over their fully clothed bodies.

The trend started in Newcastle, where students have been filmed milking themselves in stations, shopping centres, hotels and roundabouts, and there are reports of the craze in Edinburgh, Oxford, Nottingham and Cirencester. Whey to go, students!

This is of course just the latest in a long line of pointless student crazes. The first was planking, which saw the world's youngsters lie face down in unlikely places and post the evidence on Tumblr.

Then there was Batmanning, which took planking to a whole new level. Or rather, a whole new angle: instead of lying face down, they hung upside down.

Somewhere in this mix came owling– for people more comfortable with squatting than lying. And then out of left field came the cinnamon challenge, where teenagers tried to eat a tablespoon of the spice in 60 seconds, without the help of water. It's harder than it sounds.

Still, it's probably more hygienic than milking. "The smell of sour milk is present all over our house," one "milkman" told a tabloid.

This article originally appeared on guardian.co.uk

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New Yorkers: Here's How Much To Tip Your Building Staff This Holiday Season

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doorman, NYC, real estate

Thanksgiving Weekend marks the kickoff of holiday tipping season (which, incidentally, is why service at your building may seem a bit more top-shelf than usual lately) and the beginning of Holiday Tipping Week on BrickUnderground.

Below, our best tips on navigating one of the most dreaded rites of NYC vertical dwelling, including how much to tip, how to do it, and whether your tips may even be tax deductible.

We've also included some handy real-life metrics from our poll of nearly 1,700 NYC apartment dwellers last year.  We invite you to add to the collective knowledge by taking our 2012 Holiday Tipping Poll; in just a few clicks, you'll find out how much your neighbors are tipping their naughty vs nice doormen and supers.

Q. How much should I tip the staff?

The precise amount of each tip depends on the size of your building (the bigger the staff, the smaller the individual tips), quality of service, staff seniority, length of time you’ve lived in the building, whether you own or rent (see below), personal chemistry, your financial circumstances, and whether you're frugal, generous or somewhere in between.

Here's a general framework against which to impose the specifics of your situation:

Super, resident manager:  $75 -$175 on average (broad range: $50 - $500)
Doorman, concierge:  $25-$150  on average (broad range: $10 - $1,000)
Porter, handyman:  $20 - $30 on average (broad range: $10 - $75)
Garage attendant:  $25 - $75 avg (broad range $15-$100)

Q. How much should I tip in total?

Much will depend on the size of your staff and the other factors cited above, but it may help to review the ranges reported by nearly 1,700 NYC apartment dwellers who took BrickUnderground's holiday tipping poll last year:

Owners in doorman buildings:

Sixty-five percent of 630 respondents said they tipped between $250-$1000 total (26% between $250-500, 23% between $500-$750, and 16% between $750-$1,000).  

Twenty-five percent owners reported tipping more than $1,000. Thirteen percent  tipped $1000-$1500 total, 6% tipped $1500-$2000 total, 3% tipped $2000-$2500 total, and 3% gave more than $2,500.

Just 1% reported tipping nothing, while 9% gave less than $250 total.

Renters in doorman buildings:

Just 10% percent of renters in doorman buildings reported tipping more than a thousand dollars last year, compared to 25% of owners. Of the 810 renters with doormen who took last year's poll, 37% gave $250-$500 total, 22% gave $500-$750, and 11% handed over $750-$1,000.

About 19% said they were giving less than $250 (compared to 9% of owners), with 1% tipping nothing at all

Owners in non-doorman buildings:

Of 75 respondents, 3% tipped $500-$700, 25% tipped $250-$500, 63% under $250, and 9% (7 people) nothing at all.

Renters in non-doorman buildings:

Of the 164 renters in non-doorman buildings who took our poll, 34% (55 folks) reported giving nothing, 60% (98) gave less than $250, and 4% (7) gave $250-$500.  One person apiece reported giving $750-$1,000 or $1,000-$1,500 total, while 2 people (1%) ponied up more than $2,500.

Q. Why do renters often tip less than owners?

Renters, as a group, tend to tip less than owners of comparable buildings. Here are a few explanations:

  • Transience: Tipping levels generally rise along with the amount of time you’ve known the staff—and the amount of time you expect to need their services in the coming year--so part of the renter vs owner tipping disparity has to do with the more transient nature of a renter’s life. (Or of market-rate renters at least.  According to NYU’s Furman Center, owners and rent-regulated tenants stay put an average of 16 years and 12 years, respectively, while market-rate renters move every 4 years on average, with a median of 2 years.)
  • Renter mentality:  Some renters believe that holiday bonuses are the landlord’s responsibility, whereas in a co-op or condo, residents are their own landlord.
  • Disposable income:  There are far more renters at the early stages of their careers--and earning power--than owners. They simply have less disposable income. Moreover, first-time renters who are also first-time New Yorkers may not be familiar with the custom of holiday tipping.
  • Property values: With so much invested in the building, owners have a bigger stake in how the building is cared for.

Q. Do I have to tip?

No.  You’ll be in the minority, but tipping the staff at the holidays is a custom, not a requirement.  Plenty of staff tell us they treat non-tippers the same as tippers--just as plenty of others admit to extending fewer favors (or making them pay-as-you-go) and fewer smiles to non-tippers.

(For more, see What happens to bad tippers. )

Q. How much should I tip non-building workers?

  • Cleaning woman/housekeeper:  One to two weeks pay.
  • Cleaning service: Tip 15-20% throughout the year, as a portion of their earnings goes to the cleaning service. If the same crew cleans your apartment each time, a holiday tip (1 week) is appreciated.
  • Full-time nanny: One week pay minimum, or two if you can afford it.  Or, one week's pay and one week's vacation.
  • Regular babysitter: Consider tipping $25-50 in cash or gift card
  • Regular dog walker: One week's pay
  • UPS delivery:  $25-50 if you have a lot of packages delivered. More if you have a lot of business-related deliveries. 
  • Mail carrier: By law, mail carriers can't accept cash or anything worth over $20. In reality, some (but by no means most) residents do tip in the $25-$50 range, especially if they receive a lot of deliveries or a lot of mail that requires signatures.  For a fuller discussion of the postal carrier tipping question, click here

FYI, you do not need to tip (nor should you) your property manager, contractor (plumber, electrician etc.), or real estate broker.

Q. Should the amount I tip correspond to the rent I pay, or how many people live in my apartment?

Tipping is (theoretically) about rewarding service, not about how big your apartment is or how much you pay for it.  If you’re a family of five—or someone who works from home and receives a lot of deliveries or visitors--you probably receive a lot more service from the staff than a 25-year-old equities trader who lives alone.

Q. I’ve had a financial setback and can’t afford to tip as well as I did last year.  What should I do?

Staff is accustomed to senior citizens on fixed incomes tipping extra-lightly, and they are usually “forgiven," though some workers say they won’t perform extra services for these residents for free. 

As for lost jobs, divorce, etc., many doormen tell us that if they receive a low tip—particularly from someone who normally tips just fine—they automatically attribute it to financial trouble and that there is no need to say “wish I could do more.”  Of course, this won’t fly if you’re still taking your annual jaunt to St. Bart’s and waltzing in with Bergdorf’s bags.  And if you frequently ask for favors, the “unable to make ends meet" card may eventually run its course.

Q. Do I have to tip at the holidays if I tip all year round?

Residents who tip year round for extra services often go on the lighter side at year's end--at least with the staff who’ve been receiving those a la carte tips.

Q. Should I tip the new doorman the same as the one who’s been here 20 years?

Newer doormen in their first few years of service often receive smaller tips. For instance, a first-year doorman may collect half what a senior doorman does.

Q. When is the best time to give a holiday tip?

Doormen collect year-end tips from December all the way into February, but the bulk crosses palms in the couple of weeks leading up to Christmas.

This is not, however, what the staff necessarily prefers. Many doormen tell us that the beginning of December is better, so they can do their own holiday shopping.  A few say they prefer the gratuities to be spread out, cutting down on the temptation to spend it all at once.

Q. Are checks okay or do I have to give cash?

Cash is preferred, but as a precaution against sticky fingers, write a check if you’re handing the tip to a super or another staff member to distribute. (Note: Most doormen we spoke to prefer to get their tips directly rather than via the super or another doorman.)

Can't tip in cash? Check back later this week for what doorman tell us are their preferred cash substitutes. 

Q. How do I tip staff I rarely see?

You can ask the super or another staff member to hand out your envelopes but as mentioned above, write a check instead of using cash to reduce the possibility of pilfering.  Include a family photo if you think the recipient may not be able to connect your name to your face.

Q. Should I include a card or a note?

A plain white envelope is fine; no expensive cards are necessary. Most people keep notes short and sweet (“Thank you for your help this year” or “We enjoyed seeing your smile”) and that’s perfectly acceptable, though some doormen tell us they do appreciate a personal note explaining what exactly is most valued about their service.

Q. Are tips tax deductible?

If you run a business from home, you can claim a small deduction of up to $25 per staff member, categorized as a "business gift" on your tax return, says Manhattan accountant Koreen Jervis of Korje Tax Professionals.

The percentage you can deduct must correspond to the amount of your apartment used as office space, however.  That means that if your tax return states that 25% of your apartment is used for business, you will only be able to claim 25% of the $25 deduction, which works out to $6.25 per tippee.

Q. Are food or gifts an acceptable substitute for cash?

They’re appreciated, but until colleges start accepting cookies for tuition payments, gifts are no substitute for money. 

Q. My building has a tipping pool. Do I need to give individual tips on top of that?

In practice, many residents continue to tip individually too, at least to the staff they see the most.

Q. Do I have to tip for a full year if I just moved in?

It’s okay to pro-rata your gratuities, unless you didn’t tip for services performed in connection with the move itself.  

Q. Do staff tell each other how much they’re tipped?

Some do, so to be on the safe side, assume yes. Also, be aware that many keep lists comparing your tip this year to prior years. You should do the same.

Q. One of my doormen is a total jerk. Do I have to tip him?

Rather than make what amounts to an all out declaration of war by completely withholding a tip, many residents in this position tip on the low end of the scale.

Q. Is it okay to tip my favorite doormen more than the rest?

It’s okay to play favorites, like tipping some doormen better than others depending on how useful they are to you. Just try to keep everyone’s tip within the range of acceptability.

Q. Should I bump up tips each year to keep up with inflation?

You don’t have to be quite that lockstep, but a bump up every two or three years isn’t unreasonable, all other factors being equal.

Q. My building's 'doormen' are actually security guards who don't really do much besides sit there. How much should I tip them?

While some security guards do just sit there, others work just as hard as a doorman. In the former case, it's okay to tip on the light side.

This post originally appeared at BrickUnderground.

SEE ALSO: We Checked Out The New 'Zig Zag' Building In Midtown West That Was Made For Young Professionals

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7 Ways Retailers Get You To Spend More

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black friday teens shoppingThis post originally appeared on Bankrate.com.

Today's retailers have uncovered the science behind shopping. Your favorite mall stores actually hire such retail researchers as Paco Underhill, author of Why We Buy: The Science of Shopping.

Underhill has tracked hundreds of thousands of shoppers to study how they shop. "There is nothing random about how a store is arranged and designed. It is carefully calculated to appeal to you in every possible way," he says.

"The stores have a plan, so you should, too," says Dave Ramsey, best-selling author of The Total Money Makeover and host of a syndicated financial talk show on the radio.

1. Display 'magic'

We can learn a lesson in Underhill's book from a story told by a retailer about a tempting display of T-shirts.

"We buy them in Sri Lanka for $3 each.Then we bring them over here and sew in washing instructions, which are in French and English. Notice we don't say the shirts are made in France. But you can infer that if you like. Then ... we fold them just right on a tasteful tabletop display, and on the wall behind it we hang a huge, gorgeous photograph of a beautiful woman in an exotic locale wearing the shirt."

Resist the urge:"Write a monthly mall shopping budget and stash cash in an envelope specifically for that purpose. When the envelope is empty, stop spending," says Ramsey. "A written budget makes you think twice when you are tempted by impulse buys."



2. BOGO and 2-fer deals

BOGOs (buy one, get one), two-fers (two for the price of one) and bundled-item promotions successfully tempt you into shopping more often and spending more to raise the store's number of sales as well as ticket averages, or amount of each sale. T

hey're not always a good deal for you if you're not familiar with the store merchandise and its regular prices. "You're not saving if you are actually spending more than you planned," says Underhill.

Resist the urge:"Know your favorite retailers, brands, regular prices, promotions and discounts, and always check the clearance area first to find a similar item on sale to avoid buying two of anything and spending more," says family financial expert Ellie Kay, author of The 60-Minute Money Workout. "Ask yourself, 'Do I really need two sweaters or two of the same jeans?'"



3. The right aisle trick

"Retail shopping studies have found that most people turn right when they enter a store. That's because the majority of the population is right-handed and right-oriented," says Underhill.

Knowing this, stores highlight tempting new items and trends to the right of the entrance. You'll find that the music is louder and the displays are brighter to attract you where you will look and turn first. This is also where the most expensive items in the store are generally displayed.

Resist the urge:"Shop with blinders on," says Kay. "Stick to your list with the cash in your hand. Avoid credit card debt at all costs, and head straight to what you came for."




See the rest of the story at Business Insider

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How To Land A Bartending Job In New York City

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bartender

In today’s economy, the bartender has it pretty sweet.

He’s gainfully employed, doesn’t wake up early, wears whatever he wants, and probably has more Twitter followers than I do, all dying to know what kind of bitters he’s hand-making today.

While it is a sweet gig, with tip money rolling in, ranging from a $100 to thousands a night from certain big spenders and a plenty of of hot drunk people to flirt with, the job seems to have become all-but-impossible to get without that New York City experience that you can’t get without already having it.

So what are your best odds to landing a job on the other side of your glass? We asked the experts:

Know Your Stuff

While you can definitely wiggle your way into a low-end dive with enough service experience, to move up in the ranks to where the real money is you’re going to have to know your craft. This means studying up on all the classic recipes (buy/google yourself an old cocktail book with the standards and memorize it) and coming up with some of your own.

You’ll have to know at least the basics in order to get any job, though, so learn martinis, sidecars, manhattans, negronis, old-fashioneds  (though the recipe for these does tend to fluctuate wildly between bars) and a few other simple 3-ingredient mixes.

Of course, unless you’re at a cocktail bar, a good portion of the drinks requested will have the ingredients in the name, and then it’s just about knowing how much of what to add. Keeping up with star cocktail movers on their blogs and Twitter will also keep you up on what’s fashionable, and keep you one step ahead. Oh, and bartending school is a very bad idea (one second of pouring with a pourer on the bottle= ¼ of an ounce, here’s a book of cocktails you can find on the internet. $600 please!).

Start at the Bottom

The number one rule when it comes to getting jobs as a bartender is “experience or get out.” Most places won’t consider a stranger if they have anything less than 3 years bartending at a place the owner recognizes instantly. This, of course, makes the industry as easy to get into as Jay-Z’s baby shower, so it means you’re going to have to take experience where you can get it at first.

Some bartenders start as waiters and are lucky enough to know someone with the power to hire them, while others, like Ellis from UES, start out in Long Island or similarly far-off lands for a kind of “technically it’s New York” experience on their resume. You can also barback and jump in when there’s an opening shift (if you make friends with whoever’s in charge), or bar back at a nice bar and parlay that into a bartending job at a significantly worse establishment.

Just remember, experience is key, especially when going for the giant mega-clubs where the atmosphere is tense and the payout is ridiculous (at some large venues you can pump out your rent in a night, if a few athletes walk through the door), so take the jobs where you can get them, at least until you’re serving P. Diddy.

Be Determined

To get a job being paid to hand out booze and be in the middle of the party every night, you’re gonna have to work for it. Some people, like Kendra from The Library, say scouring the web helps, while others insist on hitting the pavement and handing out resumes. Once the resume is in a bar’s hands, don’t just leave it at that, Ellis says. Ask when you can come in and train and ask when you can start after that, or make sure to ask for the manager and hand your resume to them.

Be aggressive, but not off-putting, and demonstrate charm, because that’s going to be deciding factor if you’re hired or not. Some people are so determined to get the job they even lie on their resumes, saying whatever the owner wants to hear, but if that’s the case, Ben from The Wren warns, be sure you’re ready to hit the ground running, since you’re going to have to back up every claim made.

Here’s some more advice, straight from the tap:

Ben: The Wren, 344 Bowery, (212) 388-0148

Current Job: “I was friends with the owners, we played soccer together and I worked down the street from where one of the owners lived.”

First Job: “I lied about my experience. I worked as a waiter first and learned bartending, and when a chance came up I went for it.”

Advice for aspiring bartenders: “Start in not the most ideal (aka shittier) places and work your way up.”

Kendra: Library Bar, 7 Ave A, (212) 375-1352

Current Job: “I found this job through Craigslist and came in and interviewed.”

First Job: “I worked as a server and begged them to train me to bartend.”

Advice: “Don’t take those stupid courses. Become friends with all your local place’s bartenders and take what you can get.”

Ellis, Swanky Hotel on the Upper East Side

Current Job: “I made sure I was knowledgeable. I know my cocktails more than most other people here. I can’t stress enough, do your research and know your history. No bartending schools either.”

First Job: “I started as a barback in Long Island and built up from there.”

Advice: “Don’t take ‘No’ for an answer. No Craigslist, get out on the streets, and take anything. Know people or ask for the right people, owners or managers. Get any New York City experience and be aggressive. Not off-putting, but aggressive.”

Brett, Madame Geneva, 4 Bleecker St (212) 254-0350

Current Job: “A friend of a friend worked here, and the timing all seemed to work out.”

First Job: “ I begged an establishment in Boston for one daytime shift and moved up from there, getting more and more shifts.”

Advice: “If you want to get into gourmet cocktails, make sure you research techniques and know your spirits. This profession takes certain breed, it’s definitely not for everyone.”

After you get your job, make sure to know your stuff and keep up with the bar community as a whole, since that will help you climb your way to the top. Also, keep up with the bar community because it’ll be tough to keep up with anyone else, as people on service schedules can attest. Lastly, when working be sure to build up a loyal client base, because there are a lot of bars and a lot of bartenders, and having people like you is a big part of the job. So go forth! You’re now armed with a blueprint to lie like a champ about your time slinging drinks at the White House Tavern.

More From Brokelyn:

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10 Hotels Where Guests Can Learn Something New

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Equestrian Escapes Horse Riding

This article originally appeared in Departures.

Two Bordelais, a company run by French husband-and-wife team Jean-Pierre and Denise Moullé, is no ordinary mom-and-pop shop.

Jean-Pierre, who formerly led the kitchen at the groundbreaking Bay Area restaurant Chez Panisse, is one of the world’s most venerated chefs.

Click here to see the hotels >

So when the couple welcome visitors to their home in Bordeaux twice a year for a week of cooking instruction and cultural concentration, it is something special.

“We want it to be a full immersion into French life,” says Denise. And it is — the kind from which guests come away knowing how to roll chocolate truffles or spit-roast a duck.

What the Moullés seem to have perfected is the art of the educational vacation. Though common to think of leisure travel as an opportunity for relaxation and exploration, how-to trips introduce a third element: the development of a new passion or skill, whether it be surfing, painting, riding a horse or learning a language.

Guests at Two Bordelais, for example, stay in private homes and gather throughout the day for lessons, excursions and, of course, memorable meals. Jean-Pierre, without a sous-chef or middleman, teaches guests to cook for a few hours a day in either the professional kitchen at nearby Château la Louvière or in his personal kitchen at their home, a 17th-century restoration set on a vineyard.

The endeavors go beyond cooking. At the Tuscan Photo Workshop (TPW), seasoned photographers and total neophytes come together for a few weeks of shoots, critiques and family meals in the Italian countryside. For the more experienced, the intensive is a way to dose a vacation with structure and enrichment; for first-timers, it is a comprehensive introduction to the art.

“It’s so easy to take a picture now,” says Sally Gall, a longtime instructor at TPW. “But people want to learn what makes a good picture, and this is a wonderful way to do it. Because you get intense access to seven teachers and 100 photographers, all shooting somewhere between four and ten hours a day, the exposure is just much wider than you’d get taking a regular class.”

Similarly, at the Lamborghini Academy in Bologna, Italy, students come from all over the world to spend a few days learning to drive some of the world’s best high-performance cars. By the end of the course, they are racing around the famed Autodromo Imola—proof that these types of getaways can lead to big things. Here are our favorites.

More articles from Departures:

Painting, Authentic Adventures, Gozo, Maltese Islands

Learning to paint doesn’t require a spectacular view, but on Gozo, a small Mediterranean island near Malta, the view comes with the course.

The Authentic Adventures painting workshop here takes a group of painters (usually about ten per cohort) around the island over the course of a week, painting the sights and receiving demonstrations and personal instruction from one of the company’s four tutors.

The days tend to be casual and idyllic, picnicking at ancient hillside chapels, exploring the local market and painting the Mediterranean Sea before diving in.

From $1,800 for 7 nights

44-14/5382-3328

authenticadventures.co.uk



Surfing, Four Seasons Resort Maldives at Kuda Huraa

Luxury surf company Tropicsurf operates a number of high-end excursions, but none more extravagant than its collaboration with Four Seasons Resort Maldives at Kuda Huraa. Guests stay in floating bungalows located on the sand or over the water itself.

The Australia-based outfit dedicates a boat, a guide and equipment to participants (board valet included) and provides private instruction that caters to beginners and pros alike. Participants can hit the water multiple times a day, and the resort’s surf locations offer everything from gentle swells to thundering racetrack waves. Anyone who tires of surfing can sail, kayak, fish, snorkel or visit the Four Seasons Spa.

Accommodations, from $1,024 (plus $233 transfer fee); beginner lessons, $110 per hour; intermediate private lessons, $250 per half-day; advanced surfing, $160 per half-day, including guide and boat

61-7/5455-4129

tropicsurf.net



High-Performance Driving, Lamborghini Academy, Bologna, Italy

Who hasn’t fantasized about getting behind the wheel of a powerful racing car and executing a roaring 360-degree turn? At the Lamborghini Academy in Bologna, Italy, students of the Track Driving Academy get to do just that on the Autodromo Imola, one of the world’s legendary counter-clockwise tracks.

Drivers receive one-on-one coaching in a range of Lamborghinis, from the Gallardo to the Aventador LP 700-4, learning the ins and outs of the cars as well as racing techniques. The instruction culminates with an advanced race simulation on the Imola.

From $3,800 for 2 nights

39-04/5485-2519

lamborghini.com



See the rest of the story at Business Insider

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London's Fabulously Wealthy One Hyde Park Is Steeped In Offshore Secrecy

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One Hyde Park

A single block of flats in central London presents the most blatant case of British Virgin Islands secrecy in Britain. The four towers of One Hyde Park, designed by the architect Lord Rogers and backed by the Qatari ruling family, are aimed at what some would call the obscenely rich.

Almost 80% of the 72 hyper-luxury apartments have been bought, at prices ranging from £3m to £136m, in the name of anonymous offshore entities – the majority of them registered in the BVI.

A possible explanation for offshore secrecy in one case emerged this year, when the alleged true owner of a £3.6m flat, the bankrupt Irish property developer Ray Grehan, was identified and accused of an attempt to cheat his creditors.

The Irish "bad bank", Nama, is owed €269m (£216m) by Grehan and is pursuing him though the courts. Grehan denies wrongdoing: he maintains the flat is not really his, but belongs to a family trust.

Nama has secured a freeze on any sale. According to the court hearings, it alleges the Irish property tycoon deliberately transferred his original interest into an offshore company, Postlake Ltd, registered in the Isle of Man. Postlake in turn was owned by Purcey Ltd, an entity registered in the BVI, on behalf of a Manx trust set up by Grehan. The trust beneficiaries, it is claimed, turned out to be Grehan and his family.

Also now identified, although not accused of such wrongdoing, is the owner of the most extravagant of the flats at One Hyde Park. The BVI-registered company Water Property Holdings Ltd paid £136m in 2007 for a pair of penthouse flats to be knocked together. Behind the anonymous entity is Rinat Akhmetov (pictured), the richest man in post-Soviet Ukraine.

But this still leaves a further 30 or so BVI owners who are allowed by the Land Registry to hide their names, along with others registered in even more controversial secrecy jurisdictions, such as Liechtenstein, St Vincent and Liberia.

Such techniques will enable the residents of a total of £760m worth of property to avoid British capital gains and inheritance tax.

Some of those whose origins lie abroad will also be able to avoid the attention of their own tax authorities, and of local citizens who might wonder where such wealth came from.

dnu hyde parlk

This article originally appeared on guardian.co.uk

DON'T MISS: The Billionaire Foreigners Who Live At One Hyde Park

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Why Guys Should Avoid Buying All Of Their Clothing Online

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menswear

In a recent article, I wrote about the rise of menswear, and attributed this greatly to the popularity of online retailer sites, specifically Gilt.com, Mr. Porter, and Park & Bond (a Gilt affiliate).

I still strongly believe that. Privacy is a big part of a man’s life—as most girlfriends and wives will tell you—but shopping online has major drawbacks.

Furthermore, as a desire for sharp menswear continues to conquest the male population, it won't, and should not, be necessary to shop in the “privacy” of the internet.

The issue is this: Every brand sizes differently, cuts its suits at different angles, makes its slim-fit jeans a different leg opening, and unless you know your body the way your tailor does, (assuming you have a tailor) buying online can be costly, time-consuming, and a complete ill-fit.

I normally wear a Medium shirt, a 32 waist, and a 10 shoe. However, sometimes I am a 31 waist, a Small in outerwear, and a straight-leg Jean. Anyone the least bit sartorially inclined knows above all that FIT and CUT are the two most important things to dressing well – without the proper fit the rest is a waste of time, no matter how beautiful the fabric of that Versace suit. 

As a young New Yorker, with little time to waste and even less money to spend I need to know that my clothes will look sharp, feel sharp, and stay sharp. So I adhere to the One Size Theory—only buy online if it’s a one-size-fits-all garment. I admit I break this sometimes for shoes—but that size rarely changes. Aside from shoes I now keep my “Gilty” pleasure purchases to socks, ties, accessories, watches, eyewear, pocket squares…you get the cut of my suit now right? Ok, good.

So what is someone trying to look sharp, and at a good price, to do? It might seem obvious, but it’s often overlooked…it’s H&M (and many of those retailers like it, such as Uniqlo, Joe Fresh, Top Man, Zara etc.).

I happen to be a personal fan of H&M most, though, because of its range of style, incredibly fast production, and now elevated quality. It happens to be particularly fitting, because the one thing I won’t buy at H&M are shoes. However, their dress shirts fit great, and I can count on a consistency in sizing, shrinking, and style.

They sell affordable suits that have a great modern cut and come priced from $100 to $150 (throw in $50 for tailoring and you’re set). Their range of, pants, shorts, t-shirts, polo shirts, ties, hats, etc can’t be beat. Uniqlo may be an incredible basics shop, but if you’re looking to add some pattern into your life without the financial risk, or see a great pair of one-season-only shorts (I would never advise buying anything for one season only, maybe one occasion—like a theme party) you should look no further than H&M, and I will defend it to the core.

Its mission statement is to bring you “fashion and quality at the best price,” so save your designer purchases for consignment stores, your ties for the internet, and everything else for H&M. 

SEE ALSO: Meet The Husbands And Boyfriends Of Victoria's Secret Supermodels

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