Word: coasted
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...John Bissell died, leaving his then 31-year-old son with a daunting choice. William could let the company coast (the export business was doing 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...
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...
...monster snowstorms blanketed the northeastern U.S. in a single week, temporarily shutting down the federal government (at a cost of $100 million per day) and closing schools up and down the East Coast. Airlines canceled thousands of flights, while thousands of homes in Washington--where winds reached up to 40 m.p.h. (55 km/h)--were left without power. At least 750 D.C. workers were dispatched to clear accumulations that topped 3 ft. (1 m) in some areas; some reported breakdowns of their cleanup equipment, which was unaccustomed to such strenuous...
...Second, West Africa has become a key route for the trafficking of South American cocaine to Europe. Guinea-Bissau is now awash with the stuff, which is off-loaded along its coast and then transported by air, sea or land to Europe. The overland route across the Sahara is facilitated by Niger's Tuareg tribe, which has been staging a low-level rebellion in the northern part of the country since 2007. "In some cases, the value of the drugs being trafficked is greater than the country's national income," Antonio Maria Costa, director of the U.N. Office on Drugs...
...endured three months of political uncertainty when President Umaru Musa Yar'Adua underwent medical treatment in Saudi Arabia but refused to hand over power to his deputy for three months. (The transfer was eventually forced by parliament.) And on Friday, two people were reported to have died in Ivory Coast during protests against President Laurent Gbagbo's decision to dissolve the government and electoral commission, once again delaying a presidential election originally scheduled...