Maybe. But no time soon. High speed trains are all the rage in Europe and China, where 42 new high speed rail lines are poised to open by 2012. President Obama set aside $8 billion in funding for high speed trains but it doesn’t seem likely that they will be built for a host of reasons.

Building the system would be extraordinarily expensive and would be able to profit only if the commuter density is constant and high. Amtrak recently proposed a $117 billion plan for the corridor between New York and Philadelphia. The ride would take 38 minutes. It is currently unfunded.

Right now California and Florida are the two front runners for federal funding.  The former has a kind of mega-superstructure in the works – all or nothing. And since all is so expensive, it looks like it could easily be nothing.

It would cost $500 billion for a national system of high speed railroads, but by 2050 it could be done. Critics argue that the United States is so vast and so sparsely populated in many regions that it wouldn’t make sense. But if planned in three phases over the next forty years, it could very well take the pressure off of overcrowded highways and airports, especially in those cities too close together for air travel.

So here’s hoping that I take a half hour train ride from New York to Philly to watch my grandson play in his first soccer game.

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The piece “Self Portrait of Manet, A Bust (Manet and a Palette),” broke the artist’s auction record and kicked off a grand start for Impressionist collectors in London. The self-portrait is just one of two in existence, and has been hailed by Charles Moffett, co-curator of the Metropolitan Museum of Art as, “one of the greatest self-portraits in the entire canon of art history.” Other impressionists works sold higher than expected, which signals a resounding boom for the art market, which more than tripled its June sale at 112.4 m pounds, from last years little more than 33m pounds.

Andre Derain’s Fauvist landscape “Trees in Coillure” sold for 14.5m pounds, Matisse’s “Two Women Playing Odalisques” sold for 10.5m pounds, just over its 10m estimate. Matisse depicts a nude and a harem lady in a scene that he once said satisfies his passion for “lavish figures and color.” A couple of late (1937) Picasso drawings of his mistress, Dora Maar, sold on average for over a million each.

On the other hand Monet’s “Flowers at Vetheuil” was supposed to fetch 4m pounds but didn’t find an audience at all.  15 other works by Cezanne, Miro and prominent modern artists didn’t sell either.

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What Art Is Worthy of the Fed?

The heads of federal agencies assist the arts through requesting certain pieces that are lent or given through donations.  The chairman usually decides on his art at the beginning of his term, but current Fed chair Ben Bernanke has had some changes of opinion.

In 2002, at the beginning of his term, Bernanke chose “Harvest Scene, New York State” by Thomas Hotchkiss, in the vein of the Hudson Valley School of landscapes as well as a valley scene by Arthur Hotchkiss.  But times change, as do tastes.

Harvest Scene, New York, 1859

When Bernanke requested some different decor, he boldly chose a Rauschenberg, “Samarkand Stitches IV,” a larger work that barely fit in his office.

Samarkand Stitches IV, 1988

After his stint at the Council of Economic Affairs in 2005, he returned to his office requesting yet another change of scene. This time choosing two post WW-II works, a Guglielmi, “New York 21″ and Ilya Botolowsky’s “Double Diamond.”

Double Diamond, 1949

These choice suggest a progression perhaps in accordance with the changes of a turbulent economy. Who knows what Bernanke will choose after the recession has ended?

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Malibu on $50 Mill

The Master PatioMr. Jon Frank designed his dream house with hopes of spending his twilight looking from his bluff out onto the Pacific and La Piedra beach. But after the three years it took to build the getaway, plans had changed, as had the size of his family. He spent $20 million designing the house, without the price of the land.

The mansion has amenities such as a gym, theatre, hair salon, wraparound patios, handcrafted stone work, saltwater pool, six bedrooms (excluding the guest house’s three) and a massage room, which the family uses weekly.

Living Room

Inspired by Spanish Mediterranean villas, this Californian paradise was built using the best materials. As Mr. Frank says, “This house is built so that in 500 years, when I’m long gone, I want someone living in this house and think, Wow this is great.”

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Luxury Scotch

Scotch whisky has long been recognized as a staple of the luxurious life.  Single malt scotch is made using only one malt, barley. Whereas bourbon and rye are distilled from other malts – corn and rye, respectively – Scotch whisky is also distinctively dried after malting with  fire over peat moss. This gives many Scotches their earthy, smoky flavor. After the Scotch has been fermented, it must be distilled. For single malts, pot stills are used to boil the liquid into an arm of the still where it reverts to its liquid form, leaving impurities behind.  Usually Scotch is distilled more than once.

The best ingredients create the best product. For example, Glenmorangie Signet uses a rare high roasted ‘chocolate’ malt barley which adds another level of flavor and intensity to this spirit.

Ardberg, another quality single malt whisky, is known for its rich peaty, smoky flavors. Their newest whisky was inspired by the Corryvreckan whirlpool off of the coast of Scotland, the world’s second largest. After maturing in French oak casks, this whisky is imbued with flavors fruity and woody in a balance of smoothness. Much like wine, Scotches are best aged, and have many varieties. To the unrefined tongue all Scotch tastes the same, but to a seasoned Scotch drinker there are multitudes of variation. The only way to be able to taste these subtle flavors is through practice.

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frazerLike cars? Me too! The problem I seem to have with a lot of items is that I only like the stuff that is super expensive! My dad says I have a taste for the rich things in life! It’s true, I would rather have a Jaguar XJR over a Prius any day of the week. If you like luxury cars or living the luxury lifestyle you are definitely going to want to check out these cars – some of them WILL be out in the next few years, and some are simply concept cars. The number one car looks a little like something a Super Hero would drive. It’s big, it’s bad, it’s yellow. Yellow? I know what your thinking. But this isn’t your dad’s yellow banana boat caddy – this is a prime time grade a Frazer-Nash Namir by Giugiaro.

You actually can buy one of these, but its one of the most expensive cars I have ever seen in my life – but it’s crazy sexy. Yellow and black definitely work for this car! Its sort of got a “bumblebee” look to it. It’s hot. The second choice is the Bugatti Veyron. This manufacture is actually a few years old, but just came out with the Bugatti Veyron EB 16.4 which is the newest car from the Volkswagen Group. Personally, I like this car simply because it screams – LOOK AT ME! Its sleek, its stylish, its rich. You usually get to choose from two base colors – one main color and an accent color. For some reason the black and blue or black and grey really get my engines revved up, but for you it might be another color altogether!

For the next one, it’s a car I have always loved. Its fast, it’s definitely luscious and it will make heads turn, the Lamborghini, in this case the Valentino Balboni. I’ve only seen this car and yellow and white (stripe) with the black and white (stripe) interior. So it might come in colors, but not from what I have seen. This is all about power. An ordinary person that buys this may never drive it, it’s probably just for show. Me? Id drive it all the time. Heck, if you have the money to buy this bad boy, you surely have the money to fix it! This isn’t a car to be holed up in your garage – take it for a spin! And lastly, an oldie, but such a goodie. I have been in love with this car for, well, forever.

Before ‘Gone In 60 Seconds’, or any other movie – it’s the 1967 Shelby Mustang. This is not a car you want to fool around with, especially if it’s the REAL deal and not a replica. Don’t be fooled though, if you do buy a replica it will have some power and speed and will be hard to tell apart from the original, but come on the original would be so cool to have! The replica for the 1967 Shelby Mustang is going to cost you close to an original, so if you can get your hands on an original don’t feel like you are paying over the price its worth!

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Neiman Marcus has released its 83rd edition of their Neiman Marcus Christmas Book- and this year, there is a little something for everyone. In keeping with the economy, even this well-known luxury retailer has lowered the bar this year for shoppers. With nearly 40% of the catalog featuring items under $250, it leaves people wondering if everyone is hurting in this economy.

Never fear, the famous store is still in the business of selling to the elite with luxury items as high as ever. This year, Neiman Marcus customers will get first dibs on a limited edition 2010 Jaguar XJL sedan at a price of $105,000. And what about NM’s annual his-and-hers gift? Never fear, for a mere quarter of a million dollars any couple can splurge on the ICON A5 sports aircraft, which includes pilot training for two.

Dallas Cowboy fans with a cool half mil to burn can put the end zone in that special stocking. This VIP package includes the last game in Texas Stadium, pre-game photographs with Jerry Jones, a luxury suite and a tailgate party with the Dallas Cowboy Cheerleaders among other things.

Finally, if diamonds are the only thing that will do the trick, get your special sweetie this little goodie- a $122,000 diamond thong. Black lace and 528 diamonds totaling 30 carats made by Triumph International make this the most expensive (and uncomfortable!) undergarment she will ever own!

So the recession might be giving Neiman Marcus cause to add some affordable gifts to this year’s Christmas book, but there is no doubt luxury items are still available for those who have money to burn.

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