Word: dropping
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...anchor just outside the territorial waters of Singapore, the world's busiest port. "The pile up of ships in the Straits is a reflection of the collapse in trade until the early part of this year," says P.K. Basu, Asia economist for the Daiwa Institute of Research. Mirroring that drop is the Baltic Dry Index, which tracks the average cost of shipping a container of goods. It has plummeted more than any stock market, from a peak of 11,000 in mid-2008 to roughly 2,600 today...
...Chandlers have prospered since this city became a hub for maritime trade in the early nineteenth century. Before the arrival of the steamship, when three-masted clippers sailed between India and China with cargoes of tea, silver and opium, Singapore was a midway point and a place to drop anchor during the stormy monsoons. Under British colonial rule Singapore developed into a free port where import and export duties were scrapped and passing ships could cheaply purchase all their rigging, provisions, and bunker oil. As the industry grew, the figure of the ship chandler passed into Singapore's literary lore...
...going to have a second act as interesting as his first, Eminem should probably drop the ironic psychotic fantasies and stick to rhyming the details of his life. He's never been quite the storyteller that fans of "Stan" or "'97 Bonnie and Clyde" claim he is, but hand him a task like describing the logic of addiction and his skills take flight. On "Déjà Vu," over a minimal beat and guitar loop, he explains, "Maybe just a nice cold brew, what's a beer?/ That's the devil in my ear I been sober...
...Latin Mass. Jewish concern focused on the Tridentine prayer "for the conversion of the Jews," which is spoken on Good Friday, the anniversary of Christ's Crucifixion and historically an occasion for anti-Jewish riots. Benedict made some conciliatory changes in the prayer's content but refused to drop the stated objective of "conversion," infuriating some Jewish leaders, who saw it as an unnecessary provocation...
...point: Uniqlo, the local entry in the segment, seems to be doing just fine. Tadashi Yanai, a cheap-chic guru and head of Fast Retailing, which owns Uniqlo, is now Japan's richest man, according to Forbes magazine. While most retailers are seeing same-store sales drop between 5% and 15%, Uniqlo's same-store sales rose 2.9% for fiscal year 2008 and 12.9% in the six months to February this year. "Uniqlo is the only big winner so far," says Murata of Credit Suisse, who thinks that for non-Japanese fast-fashion companies such as Forever...