Word: cooled
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...large, politically connected real estate developer in Shanghai. For the previous five years, people in China's largest city had lived and breathed the property market-buying apartments, if they could afford to, flipping them for higher prices, and buying again. The government really wanted to cool off the speculation, the boss told her. Probably not a good time to buy. Then, almost as an afterthought, he added: It might be a good time to buy stocks instead. Liu balked. "I don't really understand the stock market,'' says the 35-year-old, "why it goes up or down...
...relatively confident a soft landing can be engineered. A hedge-fund manager in Shanghai notes that AIG, the insurance giant, tried this month to raise $1.3 billion to launch a China stock fund-and fell $400 million short of that goal. "There are signs that this is going to cool off, but not crash," he insists. Jun Ma, a Deutsche Bank economist in Hong Kong, says the recent rate hikes should keep inflation in check, and without inflation, there's no real risk of overheating...
...invest $100 million in Topshop's first three stand-alone stores in the U.S.--including a 70,000-sq.-ft. flagship in New York City--next spring. Topshop's U.S. adventure is the latest charge for growth among fast-fashion retailers, which specialize in constantly updated collections of cool clothing at prices so low the clothes are almost disposable. Over the past nine years, Topshop has carved an enviable niche atop this sector in Britain by appealing to a broader demographic than its competitors, by getting its new designs quickly to market and--in a category where inexpensive too often...
...agent from the Department of Labor, even a union organizer. In all, they spend almost four hours filling out paperwork, watching movies about how to avoid pesticide sickness and getting a set of no-nonsense rules (if you fight, you're fired; don't use the fire extinguisher to cool your beer) from the North Carolina Growers Association, the organization that brought them from Mexico. They are then driven to farms scattered across the state, where they will spend the summer months picking tobacco before heading back to Mexico...
Manny is Manny. He's always going to be Manny. Manny's an open-minded person. Manny's cool. He has no problem with anyone here. He does what he's gotta do, and that...