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The article discusses the market for pied-à-terre apartments intended for part-time occupancy in three major cities. Alexander Kraft of Sotheby's International Realty estimates that apartments for sale in Paris, France are selling for up to 20% below asking price in the fall of 2013. Information on prices and inventory is presented for New York City and London, England as well. INSET: Big City Getaways.

The article discusses chef David Bouley. Amid an economic downturn in the U.S. that could reduce consumers' expenditures on restaurant dining, Bouley intends to proceed with expansion plans that will result in his owning six restaurants and two gourmet markets in New York City. Bouley has been a well-regarded chef since opening his "Bouley" restaurant in 1987.

The article presents the author's personal experiences in her quest to make the perfect steak at home. As part of her search, she has made her way to the Peter Luger Steak House in Brooklyn, New York, one of the most renowned steak houses in the world. She discusses her previous efforts to make the perfect steak.

The article reports that New York City restaurants find food quality suffering under the new trans fat ban. Food service analyst Joseph Pawlak says that food prices could go up as restaurants replace cheap trans fat with better tasting, more expensive oils. Restaurants are also having to create new recipes to remove trans fat from baked goods and frozen foods.

An interview with New York restaurateur Danny Meyer about the impact of the U.S. recession on restaurants, is presented. He believes that discounts offered by restaurants amid lower demand have no long-term benefits. When asked if he could recover once the economy improves despite offering discounts, he says he will because of discounts being offered on meal that costs lower and the tendency of people to spend money on products with high quality. Some of the trends he predicted for 2009 are proliferation of bistros, trattorias and luxury menu offerings.

The article discusses controversial remarks about the U.S. banking industry made by celebrity chef Mario Batali. While serving on an awards panel for the periodical "Time," Batali compared bankers in New York City's financial district to the late dictators Adolph Hitler and Joseph Stalin. Some bankers say they will no longer patronize his New York restaurants.