Word: economice
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It all looks as though your favorite granny took a design degree, but the end result is stimulating and surprisingly warm. With tiny Jack Russell terrier Spud at his heels, manager Leo Rabelo explains that this is very much a hotel-as-home concept. Children are welcome, guests are encouraged...
Sometimes the prosaic can be breathtaking. I am standing in the new showroom of a company that manufactures plumbing supplies in Hebron, in the Israeli-occupied Palestinian territories. Mansour Izgayer, one of three brothers who own the factory, is giving me a tour of his business and his life. He...
The West Bank GDP grew at around 8% in 2009, although that was an improvement on practically no economic activity at all. "We started from utter lawlessness, virtual disintegration in 2007," says Salam Fayyad, the Palestinian Prime Minister - an economist who graduated from the University of Texas and spent much...
Security, Fayyad assumed, was one prerequisite of economic development. Another was transparent governance. "We're firing incompetents and thieves in the government. You can't be taken seriously unless you fire people," Fayyad says. As a result, "we're beginning to see some economic growth. Cement consumption is up 30...
Specific reasons for the failure of the deal, first announced last June, were not released. But Chinese regulators had frowned on the purchase for much the same reasons that U.S. consumers shunned the Hummer: the vehicle's size and poor fuel economy were impractical in an era of high fuel...