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...general, and especially luxury shoes, has suffered in the recession, athletic shoes have not taken as hard a hit. In fact, after the $17.5 billion U.S. athletic footwear market saw flat sales in '08, sneakers are actually up 6% so far this year, according to SportsOneSource, a research firm. Further, while the overall golf business is stuck in the rough - U.S. equipment sales, for example, have dropped 9% this year - spikes have sold relatively well. In the United States, the $500 million golf shoe market was actually up 3% in 2008, and it has risen 1% this year...
...Just ask DHL. Bosses at the courier company's local depot halted deliveries in the area in 2005, for fear of drivers being set upon by local youths. (The firm has since resumed normal service.) On Stephenson Street, around the corner from the depot, houses thrown up in the time of Dickens have long since made way for barbed wire-laced industrial units, the grinding of saws behind closed doors drowning out the faint crackle of the power lines overhead. Inside a tiny corrugated iron shell, the air thick with the smell of fried eggs and sausage, Ahmet Yucetan...
...Some locals reported having seen cracks in the banks of the dirt dam, built in the 1930s by the Dutch colonial government. "Indonesia's problem with spending money on maintenance has taken its toll," says Tom Shreve, president director of Glendale Partners, an infrastructure consulting firm. "The city has a lot to do in maintaining and improving infrastructure." The Indonesian government, which has responded to the disaster by sending police and soldiers to help clear the area, has acknowledged that more needs to be done to maintain and improve the country's creaky infrastructure. "This shows that we need...
...this attitude that buoys the soul of Russia's biggest fashion designers. "Russian designers are in a more stable situation now," argues Alexander Shumsky, the head of Artefact, the public-relations firm running Russian Fashion Week. "The biggest part of their business is to work with private clients. I've talked to some designers, and they say the situation is not critical - that clients have fallen off only 15% or 20%." At the same time, Shumsky acknowledges that about 10 designers have pulled out of the fashion show this year because of a huge deficit in corporate sponsorships. "The smaller...
...sorely needed for the building of new ports, power plants and roads across this huge nation. "Lots of projects were showcased but very few have been realized because of classic issues like labor laws and the overall investment climate," explains Sandiaga Uno, CEO of Saratoga Capital, a venture capital firm. "Very basic issues like the bureaucracy and land availability have stifled infrastructure efforts...