Making a statement [bags]

THERE are three things currently close to Gwyneth Paltrow's heart: her new-found talent in singing, her two adorable children and, of course, the American bag brand Coach of which she was made the ambassador this year.

At least that was what I gathered during a recent interview with the Hollywood star in Beijing, China, where Coach celebrated its 70th anniversary.
Sheer elegance: Gwyneth Paltrow posing for photographs after her interview.

The 39-year-old actress appeared in a simple yet tastefully-woven green dress in a suite room at the 53rd floor of Park Hyatt Beijing. She politely greeted journalists and plunged straight into the interview.

Paltrow – most recently seen in Contagion – played a troubled country singer in the film Country Strong last year and went on to do more singing in her guest role in the TV series Glee. She has also sang at the Academy Awards and performed a duet with Cee Lo Green at the Grammy Awards of his hit Forget You. No wonder there is so much buzz lately about her cutting an album of her own.

"I was offered a few records deals, but at that time, I just felt that it wasn't the right time. I don't know, you never know," she said. "I really enjoyed singing that is related to acting like the Country Strong film about country music and Glee."

Yes, her fans heard it right. She is craving for more but, on the other hand, is not willing to give up her acting career yet.

"I feel like I don't know how to make that transition into a singer on my own. But I would like to do another musical movie or make a record to go with that. We'll see," she said.

Paltrow loves most of the songs from her husband Chris Martin's band Coldplay, as well as songs by Beyonce, The Strokes and The Killers.

She once described Coming Home – the song she performed in Country Strong – as one of her favourite songs. But right now, her favourites are Us Against The World and Charlie Brown from her hubby's band.

Apart from work, she spends a lot of time with her children Apple, seven, and Moses, five. "I'm very silly with my kids. I don't know what's the silliest thing I've done recently but I do chase them around. On Halloween, we were very silly with make-up and I had fun with them," she said.

According to Paltrow, she now has more opportunities to show her lighter side through her acting roles and projects such as her cookbook My Father's Daughter.

"I can express my real self and show my more humorous side. It has been a nice change," she added.

It is certainly not hard to imagine how funny Paltrow can be off camera, though she was sitting with the most upright posture throughout the interview.

Asked what she would do if the world ended tomorrow, she quipped: "Eat some Peking Duck." This made the journalists in the room burst out in laughter.

On her children, she said she would like her kids to learn Mandarin on top of Spanish and French as China is growing to be more influential.

With regards to ageing, Paltrow said with a grin: "I am not afraid of ageing and it's inevitable. I am not that excited about it either. "I am going to fight it every step of the way; you know, but I still think it's beautiful to be a woman who is a real woman who lives life, and who has children and experiences heartbreak and joy, and all that shows in your face."

On the women she admires, Paltrow said: "I look up to women of the older generations like Katharine Hepburn, Grace Kelly and Audrey Hepburn who really had their own styles. Even someone like Anjelica Houston today who, you know, really wears what works for her yet looks great."

As the new face of Coach internationally, Paltrow is featured in the Fall 2011 and Spring 2012 advertising campaign.

Her images with the handbags are used in selected European and Asian markets, including China, Britain, France, Spain, Portugal, Taiwan and South Korea.

She described herself as the closest candidate that Coach could find to portray the essence of the brand.

"First of all, I am very much a bag person. We are also both from New York, and I think we both pay a lot of attention to quality and detail.

"Coach represents a very quintessential New York, a classic brand that is both chic and comfortable at the same time," she added.

For the 70th anniversary campaign, celebrated fashion photographer Peter Lindberg shot Paltrow with various bags such as the Madison Gathered Leather Sophia in Parchment and Madison Quilted Chevron Lindsey, on the rooftop of Tudor City in Manhattan.

Comics and Economists Make Sense of Ireland's Woes [bags]

Kilkenomics, billed as Europe's first economics festival, draws 3,000 to Kilkenny, Ireland, to treat the country's troubles with some comic relief

Since 2007 the jobless rate in Ireland has tripled, housing prices have dropped by half, and the country's credit rating has been downgraded repeatedly.

Enter the comedians. Kilkenomics, billed as Europe's first economics festival, sold 3,120 tickets to the events at Kilkenny, a city founded in 1207. Kilkenomics's purpose is to make sense—and light—of all the misery. The idea was for eight comics plus 24 economists, journalists, and bloggers, to "simplify the big ideas and make them more accessible," according to the festival brochure. Seminar topics ranged from the predictable—"What is the future of the euro?"—to the potentially more useful—"What the hell is happening right now?" The only rule seemed to be that the comics had to dress like economists and the economists had to dress like comedians. Ex-Argentine Economy and Production Minister Martín Lousteau made a deep impression with his backpacker look.

One event had panelists competing to create folk tales using jargon like derivatives, fiat currency, and haircuts. In one story the hero rushed into a confessional to plea for debt forgiveness. During a discussion of investment strategies for 2012, former hedge fund manager Vikas Nath urged attendees to buy shares of luxury good companies such as Prada (PRDSY), the Italian maker of shoes, handbags, and apparel. High-end products are booming in emerging markets like his native India even, he explained, as demand slows in the U.S. and Europe. "Cheap imitations are for white people," Nath declared. "We prefer the real thing!" (Uproarious laughter.) Comedy writer Paddy Cullivan sang, "A is for austerity, B is for bailouts." Q, needless to say, was for quantitative easing.

One of the biggest names on the program was economist Jeffrey Sachs, twice named one of the world's most 100 influential people by Time magazine, whose black jeans appeared to be pressed. Asked about Goldman Sachs's (GS) role in recent economic traumas, he proclaimed, "What they've done is a disgrace to the Sachs name!" (Generous laughter.) It was a comfort that Sachs can stick with his impressive day job as director of the Earth Institute at Columbia University and its Quetelet professor of sustainable development and professor of health policy and management.

Among the attendees, who paid up to €100 ($138) for a day ticket, were folks who came more for guidance than mirth. An elderly homeowner traveled to Kilkenny, despite her apprehension about the long drive, because she feared she might have trouble paying her euro-denominated mortgage if Ireland's problems worsen. An Intel (INTC) production engineer wanted to know why Intel stock price was so depressed—and his options underwater—if the chipmaker was making buckets of money. Maura Frasier, who is trying to manage a €50,000 inheritance, said she was "worried to death about the money. I don't want to do anything that would risk it." And Kenny Hope, a Merrill Lynch (BAC) financial adviser, sought a better sense of why his clients are unusually cautious about the markets and whether he could figure out how to assure them.

Much scorn was heaped on the notion that Irish bankers feel so constrained by the current pay cap of €500,000 a year at state-rescued institutions that the most talented might flee Ireland to seek living wages elsewhere.

On the Kilkenny festival's last day, comedian Colm O'Regan asked panelists to hold up headlines from the morning newspapers that spoke to current economic conditions. One held up the Daily Racing Form, displaying a two-page spread of betting tips and pictures of racehorses, as well as a headline that read, "Bankers or Blowouts?"

"That's it!" O'Regan declared. "We'll get rid of all the bank directors and replace them with horses. They couldn't do worse." Panelist Margaret E. Ward, a journalist, looked up from her paper and said: "And we'll pay them with sugar cubes."
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