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...There are significantly fewer tourists coming to Russia right now, and this is negatively affecting our sales," says Oleg Korotkov, director of Semyonovskaya Painting, a top Russian handicraft maker. Korotkov's company, which is based in the Nizhny Novgorod region of central Russia, seemed to be weathering the storm until the financial crisis finally struck him and his 70 employees around the end of January. Orders from within Russia have fallen fivefold, he says, while combined foreign and domestic sales have fallen 30% to 40% this year. "Our sales were supported through the end of the year just on inertia...
...January and May fell 19% compared with the same period last year, dropping from $35.2 million worth of goods to $28.5 million, according to the Federal State Statistics Service. Meanwhile, the number of tourists, who make up the bulk of buyers of Russian handicrafts, has dipped drastically, with 25% fewer visitors arriving in the first quarter of 2009 than in the same period in 2008. (See pictures of the global financial crisis...
...weak economy is forcing many places to scale back their Independence Day plans. Have you seen fewer requests for shows? Absolutely not. This is a Saturday Fourth of July; that has not occurred since 1998, as the last Saturday was leap year. Historically, Saturday Fourths of July are Katie-bar-the-door, sold-out, booked solid...
...There's no guarantee that the FDA will actually follow the advisory committee's advice and reduce the over-the-counter dose of acetaminophen. And even if the agency does, some experts aren't convinced that the move will lead to fewer liver toxicities associated with the medication. "Honestly, I don't think that is going to solve the problem," says Ruha. "Most of the problem is with the prescription pain medications that contain acetaminophen." Many people using drugs such as Vicodin or Percocet still don't feel relief from their pain and either abuse their prescription or supplement with...
...meet with human resource and academic administrators, Harvard officials are uninformed and fail to communicate openly about their specific cost-cutting needs and goals. He said that the union routinely asks Harvard how many staff will be cut and how the University plans to accomplish the same workload with fewer staff, but each time the response has been unclear and unsatisfactory...