Word: giorno
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Dates: during 2000-2009
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...incomes. It's a kind of economic slavery, and it can't be sustained." Granted, not many share that dire outlook. Just because Spain can't continue growing like it has doesn't mean its economy will catastrophically self-destruct. "Our central scenario is a soft landing," says Claude Giorno, who analyzes the Spanish economy for the o.e.c.d.; he sees the construction market slowing gradually rather than collapsing. But even he concedes that future growth must come from somewhere...
...line. And then there's inflation, which remains the Achilles' heel of the Spanish economy, currently running at an annual rate of 4.1%, almost twice the euro-zone average. "Since Spain entered the euro zone, its high inflation rate has been consistently weakening its competitiveness," says the o.e.c.d.'s Giorno. Largely as a result, Spain's net foreign balance has dived over recent years. There's no easy solution in sight. Higher interest rates would reduce inflation, but could at the same time greatly endanger the already stretched household budgets of Spanish consumers. Some 90% of Spanish mortgages are variable...
...1520s for the crypt of Giuliano de' Medici in the Church of San Lorenzo, Florence. Gazing at David, one can't help but think of Andy Warhol's Sleep - the 1963 work in which he trained his 16-mm camera on the slumbering form of the poet John Giorno, coupled, perhaps, with the rich hues and dark settings of a Caravaggio. But never mind. You can dress it up any way you please, but David is nothing more than an hour's footage of a really handsome, really famous footballer fast asleep. And that's enough for those...
With entrées ranging from $21-$27, prices are what is to be expected of an establishment associated with a designer label. Head chef Seth Woods offers a variety of Italian dishes ranging from pastas (Spaghetti alla Pomodorini $15) to seafood dishes (Pesce del Giorno alla Picatta $24). However, the menu offers nothing particularly unique or amazing. Compared to the Café at Louis, the dishes at Armani are wholly uninspiring. But with it’s more laid-back atmosphere, the Armani Cafe is a nice place to unwind after an afternoon of shopping...
...their values have fallen in kind. In France $1 is worth 6.9 francs this month, versus 6.3 last year. That means a Paris hotel room, regularly $200 a night, now runs about $181. In Italy the dollar buys a hefty 2,038 lira, up 9.2% over last year. Buon giorno, Florence! Even getting across the pond is a bit cheaper. Summer airfares to Europe are down 5% from '99, according to the American Express International Airfare Index...