Word: basket
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Dates: during 2000-2009
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Admission is eventually granted, and amid the hanging plastic carrier bags and dim lighting, the shop owner unhooks a large basket from the ceiling. She proceeds to reveal two Chanel clutches and a Hermes bag. San Remo buildings are simple in style, but something suggests that this shop is more than just an unpretentious guise. The owner pulls more and more high-end designer bags out of the cheaper merchandise, each item indistinguishable from genuine upmarket products. She claims that most of the bags are simply very good quality fakes, but admits that a couple may have...
...league. In fact, it is practically nowhere to be found in world currency markets. The reason is Chinese policy. Government restrictions prevent the yuan from trading freely around the world or being fully convertible to other currencies in all financial transactions. The yuan's value is pegged to a basket of currencies likely dominated by the U.S. dollar and is permitted to change each day only within a narrow band. Under such limitations, China's dreams for the yuan cannot progress very far. (Read "Outlook for U.S. Dollar Darkens...
Whenever Sergio Marchionne talks about his latest calling--fixing auto companies written off as basket cases--he doesn't sound anything like most auto types. For a start, he's a lawyer and an accountant rather than a car engineer, and instead of getting bogged down in long discussions about the merits of one particular type of engine or gearbox, he likes to talk about Apple...
...completely dependent on the monsoon are worried. "We keep reading in the papers that the level of water in the dams is falling by a foot every day," says Balbir Singh, a farmer in the Jalandhar district of Punjab, which lies in the northern belt considered India's bread basket. (See pictures of the deadly 2007 monsoon floods...
Whenever Sergio Marchionne talks about his latest calling - fixing auto companies written off as basket cases - he doesn't sound anything like most auto types. For a start, he's a lawyer and an accountant rather than a car engineer, and instead of getting bogged down in long discussions about the merits of one particular type of engine or gearbox, he likes to talk about Apple...