The rise of the $40,000 gym membership

In May Equinox, a luxury gym, launched a membership that costs $40,000 per year—half the median household income in America, where the chain is based. The plan includes blood tests, a sleep coach and a nutritionist, as well as access to the group’s swanky clubs. Julia Klim of Equinox explains why people pay: “You can…

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Why global imbalances do matter

Stay informed with free updates Simply sign up to the US economy myFT Digest — delivered directly to your inbox. Nobody can know either the future course of the new war in the Middle East or its possible economic effects. I wrote what I could on this in a column entitled “The Economic Consequences of…

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GapStudio launches summer drop with Lila Moss campaign

Gap’s latest GapStudio drop arrives in-store this week with made-for-summer styles featuring lightweight denim being fronted in a campaign starring British model Lila Moss. Designed by Zac Posen, EVP & Creative Director of Gap, there’s a big spotlight on the brand’s all-new draped denim, that we’re told has “a liquid-soft hand feel and breezy lightness…

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