Word: attractions
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...occasional jazz concert. "Someone or other's always watching," says Gowda, now 35, a women's rights lawyer, and still single. "The neighbors don't really give a damn about a woman in an abusive marriage where the husband beats her up. But the minute you're single you attract attention...
...rule in China these days. Rampant overdevelopment of retail space and too-optimistic expectations about the spending power of the country's growing middle class have produced a plethora of gui gouwu zhongxin (ghost malls) in the nation's metropolises-megacenters like Golden Resources that are struggling to attract shops and consumers. Although retail sales throughout China have been growing at 12% a year and in 2006 totaled $800 billion, during China's recent construction boom far more retail space has been added than the market can absorb. More than 500 new malls have been built since...
...There's also scant attention to populating malls with the right mix of shops. Alan Liu, Shanghai-based managing director of Colliers International's North Asia practice, says most try to attract upscale brands. "Everyone thinks they need Prada, Gucci, Fendi in every project, even smaller ones," Liu says. "Well, the vast majority of customers won't spend their money on upmarket products like that." Indeed, at Beijing's Shin Kong Place recently, office worker Zhang Ting, 28, called the center's many high-end international brands "prohibitively expensive." While hundreds of local office workers like Zhang crowded the downtown...
...that Caterpillar is waiting for regulators to drive its business. To attract old parts otherwise headed for the junkyard, the company has devised a trade-in scheme that gives customers an incentive to return worn-out goods to its distributors. If the part is deemed remanufacturable, the customer gets an already remanned replacement at a fraction of the cost of a new one. Cat is also a service provider, advising other manufacturers how to set up a similar system, or in some cases actually running their reman efforts for them. In Europe, for instance, Cat helps Land Rover manage...
...Vietnam drastically needs education reform," says Adam Sitkoff, director of the American Chamber of Commerce in Vietnam. "If you want to compete in the IT sector and you want to attract high-wage, high-growth jobs, you need to have a smart, well-educated workforce...