Word: america
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Dates: during 2000-2009
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...They had to get more creative," said Steven Kolb, executive director of the Council of Fashion Designers of America...
...crippling economic downturn with its mounting job losses and frozen credit markets has extended far beyond mainstream America, hitting high-end consumers in their Gucci pocketbooks. "This is one of the worst financial crises of our time, and [luxury] has been one of the hardest hit markets for retailers," said Monica Aggarwal, a director in Fitch Ratings Retail Group...
...wake-up call," said Steven Kolb, executive director of the Council of Fashion Designers of America...
...fast-food segment, Peru's Chinawok, which specializes in cuisine developed by the descendants of the country's Chinese immigrants, is one of the fastest-growing franchise businesses in Latin America, with 52 branches in operation and another 10 set to open by the end of the year. Bembos, a Peruvian hamburger joint, has operations in other Latin American countries as well as two in India (serving a non-beef burger...
...seems surprising that the leaders of an institution as sophisticated as Hizballah would fall for a simple Ponzi scheme. But the organization relies on a network of businessmen and fundraisers such as Ezzeddine, not just in southern Lebanon but also in West Africa, South America and wherever expatriate Lebanese do business. Hizballah has been trying to become financially independent from its main patron, Iran (which has its own financial problems), and earlier this year, a Hizballah official told TIME the organization is close to becoming completely self-sustaining. What effect the Ezzeddine scandal has on those plans remains...