Word: fresh
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...industry as a whole may be reeling from bad loans and investments, but start-ups like Reunion don't have to wrestle with those problems. Entrepreneurs like Sleaford, even in hard-hit Florida, are setting up shop with completely clean balance sheets. They've got millions of dollars in fresh capital to write loans - and to pursue borrowers cast aside by banks focused on mopping up the mess from the years of excess. "New banks see people having a tough time getting loans, plus their funding costs are cheap since rates are low and they pay next to nothing...
...irrational optimism but the power of ideas and innovation to transform the world and us. A decrepit transport system becomes the nerves of a new, greener network. A 16th century sect inspires a new generation of believers. The power of ideas is to make old, broken things work in fresh new ways. In fact, transformation is at the heart of what is going on in America and around the world, and we're tracking it and explaining it for you every week in TIME and every day on TIME.com...
...Convincing Japanese of the need for change is never easy, but Ozawa finds himself tantalizingly close to power precisely because the country so urgently needs fresh ideas. The global recession has hit Japan harder than any other developed nation. Exports are plummeting, Japan's economy is contracting at double-digit rates and the country's industrial giants are reeling. Rarely has "stay the course" seemed so grossly inadequate as a solution, yet the LDP seems unable to mount a credible recovery effort, and the public is fed up with the bumbling half measures of party hacks. (Read "Sony's Woes...
...country's restaurant scene is Sjávarkjallarinn (Seafood Cellar). Housed in the capital Reykjavík's oldest underground storeroom, which served as a stable in the late 18th century, the restaurant is known for its fusion of Asian flavors (think kaffir lime, star anise and yuzu) with fresh Icelandic fish, served within hours of being caught. The menu changes twice a month and recently included enticing entrées like a blue lingcod seasoned with red ginger, wasabi and shiso (a minty herb), and crispy salmon with soybeans, saffron and parsley. Other dishes, like a succulent barbecued lamb...
...complex wine produced only in Hungary's northeastern Tokaji region. Made from individually picked grapes that have shriveled and botrytized - a oenological term for the "noble rot" mold infection that intensely concentrates the fruit's sugars - Tokaj suffered from cost-cutting production methods during Hungary's communist era, but fresh investment (some of it foreign) is rectifying the situation. (See 10 things to do in Moscow...