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...Thailand is now ranked 116th by world soccer body FIFA, thanks to erratic and occasionally farcical performances that date back to the team's notorious match against Indonesia at the 1998 ASEAN championships. Both teams set out to lose, since the winner would play a stronger team in the next round. Indonesia lost 3-2 after deliberately scoring against themselves. Not surprisingly, perhaps, the Thai national team has a less than fanatical following. Only 25,000 spectators went to watch the team play Japan in Bangkok earlier this year - and most of those were Japanese. (Thailand lost...
...biggest fallout to date has happened in cities that are wholly dependent on one big industry, especially steel or autos. In the Urals town of Magnitogorsk, a gigantic steelworks has placed 3,000 workers on forced leave. In Novolipetsk, to the east of Lyudinovo, thousands more have been furloughed since Nov. 14, when the steel factory idled two of its blast furnaces. Alexei Mordashov, one of Russia's best known oligarchs, has shelved an $8 billion investment program at his Severstal metals company that was scheduled for 2009-2011. The government now estimates that companies will lay off about...
Such optimism can be found elsewhere. The Kaluga region to which Lyudinovo belongs continues to draw in foreign investors, including automakers. VW has to date invested about $350 million in an assembly plant, and is producing about 320 cars per day. Peugeot is not far behind. Dietmar Korzekwa, VW's group representative for Russia, says the automaker is continuing with its current growth plans. In part, it's betting that if the Kremlin raises import taxes on autos, as it has suggested it might, it will become more advantageous to manufacture in Russia...
...date, these funds have been directed to the Allston project,” Faust said. “But depending on our decision about the planning and pacing of Allston over the next period of time, we may decide that here are other necessary uses for those monies given the financial challenges we are facing at all levels...
...Hong Kong farm since 2002, when nearly a million birds were slaughtered after dozens died of the flu. No human cases were reported that year in Hong Kong, but two people died in mainland China from the virus in 2003. (Globally, 246 fatal cases have been reported to date, according to WHO.) Hong Kong has since taken aggressive measures to limit outbreaks by vaccinating birds against the virus and reducing the number of live-poultry sellers licensed to operated in the city...