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...well, but handweaving limited the volumes that Fabindia could trade in). Or he could begin selling cheaper, machine-produced cloth, discarding his father's belief in the handmade. Instead, he took a third way. He knit together Fabindia's 40,000 individual artisans into a reliable supply chain and began focusing on the domestic market. Starting with a handful of boutiques, Bissell created a 110-store, $65 million national brand - without straying far from its homespun roots. That makes Fabindia an early beneficiary of the figure upon whom many regional and international economic hopes are now being pinned: the Indian...
When construction began on the Burj Dubai - as the record-breaking tower was originally called - Dubai was in the midst of an epic boom, fueled by foreign speculators and one luxury development project after another. By the time the tower opened on Jan. 4 with a lavish fireworks display, though, the showmanship had faded. Weeks earlier, Dubai's biggest state-owned development company had declared it was unable to pay its debts. Officially, Dubai owes its creditors $80 billion, though a recent report by regional investment bank EFG-Hermes estimates that the city may be in the hole...
Unusually heavy rains that began Feb. 3 have caused floods in the Mexican state of Michoacán, on the central Pacific coast, and in Mexico City, the nation's capital. At least 40 people have died; a dozen others were missing after a mudslide covered a busy highway. More than 3,000 homes near the capital were flooded, leaving some residents homeless as further rainstorms threatened to approach the area...
Before the competition began, the contestants—comprising a mix of spelling bee veterans and untrained novices—rifled through enormous dictionaries, quizzing each other on esoteric words...
...coup itself was over just hours after it began Thursday, when shots were heard at the presidential palace in the dusty capital of Niamey, where Tandja was holding a Cabinet meeting. Late that night, a group of army officers calling itself the Supreme Council for the Restoration of Democracy appeared on national television and announced the suspension of the constitution and dissolution of all state institutions. An unnamed uniformed officer asked the people of Niger to "remain calm and stay united around the ideals postulated by the council," which were to "make Niger an example of democracy and good governance...