Word: downtown
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...shut down in the first year after opening. The parking garage's 10,000 spaces host a handful of cars. Xiao Chen, a shoe salesman, states the obvious: business stinks. "Monthly sales here are not as much as a weekly sales in other stores located in those shopping centers downtown," Xiao says. "But what can we do? No traffic...
...wife ran some errands downtown on Sunday, I found myself pacing in front of the local Apple store. This is ridiculous. My current "smart" phone is only six months old, capable of sending and receiving email, keeping my calendar, even playing a live television feed through my Slingbox. The last thing I need is a new phone. Yet I found myself drawn to the iPhone. I, like the rest of world, was hopelessly transfixed by the promise of being part of the future of telephony...
...latest examples is Chevron Corp., which is building new offices in the northern suburbs, 40 miles north of the city across Lake Pontchartrain, and plans to transfer 550 employees from New Orleans to Covington by the end of the year. That would take well-paid people out of downtown New Orleans, a move that will impact the central business district's economy. "We made the decision in May, 2006, when our employees were making important housing decisions," says Qi Wilson, a Chevron spokesperson. The company, like many employees, decided the north shore offered better security should another hurricane strike, along...
...will also leave in question the future of a 325,000-sq.-ft. office tower in downtown New Orleans, where many former office buildings have been converted to hotels and condominiums. But condos and hotels don't foster the sort of long-term, thriving business climate that encourages companies to put down roots. "Every time we lose a corporate headquarters, it makes it harder for us to get a new corporate headquarters," says Al Petrie, a New Orleans investor and media relations consultant who has extensive ties with the energy industry. Katrina's chaotic aftermath and slow recovery are "forcing...
...commander named Abu Ahmad agreed on Thursday to meet a TIME correspondent and two other journalists in an empty office borrowed by Islamic Jihad in downtown Gaza. Abu Ahmad appeared in the doorway in a black vest and matching black jeans like a gunslinger. In his thirties, Abu Ahmad is far older than the teenagers he dispatches to martyrdom...