Word: gap
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...Compared to others, Hong Kong can look less than exemplary. For a developed economy, the gap between rich and poor is high. Air pollution remains atrocious, making greener Singapore and Sydney more appealing to expatriate executives. The standard of English, especially among youths, is deteriorating, threatening to undermine Hong Kong's aspiration to be a global financial center. "At the moment, we're still pretty competitive," Anson Chan, a senior official in both the British and post-'97 administrations, told TIME. "But it's not something we can take for granted. People don't realize that our competitive edge comes...
...Tsang says he can bridge the gap between Hong Kong and Beijing: "Perhaps I'm the only person able to do this [democracy] deal," he told TIME. Though he has stumbled once already on political reform, Tsang remains nothing if not confident. His campaign slogan is i'll get the job done. No question, he'll get the job. But whether he gets it done will determine Hong Kong's future for years to come...
That turnaround is especially sweet for Drexler, who arrived at J. Crew with a down-and-out story of his own, having weathered a two-year slump and ouster at Gap, the company he built into a $14 billion icon over 19 years, most spent as president and ceo. Today, while Gap flails--in January it got rid of Paul Pressler, the CEO brought in to replace Drexler--J. Crew, with only 226 stores, is one of few companies in the overdeveloped specialty-apparel arena with the potential for real growth...
...area's depleted workforce could not match their hiring needs, despite the fact that unemployment rates reached 8.9% in the city and 16.8% in surrounding suburbs following Hurricane Katrina in August 2005. Instead of hiring local residents, employers brought in thousands of guest workers from abroad to fill the gap...
...However, like many other high-flying schools with a substantial minority and low-income population, Myers Park has been under increasing pressure to close the achievement gap between students that are white and black, rich and poor. In 2006, only 51% of its black students performed at levels III/IV - proficient and above - on state exams, compared with 90% of white. Under the 2001 No Child Left Behind Act, schools that fail to close such a gap are declared "failing schools" - no matter how well the majority are doing - and can face a loss of federal Title 1 funding...