Word: highs
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Dates: during 2000-2009
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...collapse of three Icelandic banks in October 2008 meant cranes across the country came to a halt. A broken economy has led to rock-bottom rents. And while the new lows may have hit local landlords hard, it enabled a kind of tenant once prohibited from the high-traffic destination to move in - emerging fashion designers. "Creativity doesn't stop when the money goes," says Runar Omarsson, co-owner of Nikita, a street-wear line that caters mainly to skate- and snowboarders. "It is important to look at what we have and make something out of it. There are valuable...
Aftur's bottom line isn't unique. Down the street the three-month-old Fabelhaft shop has also logged surprisingly high sales. "Opening now has been the best investment for us," says co-owner Dusa Olafsdottir. Inside, tourists and natives mill around bespoke hats and dresses in the boutique's bleached white cube. "Before the crash it was ridiculously expensive on this street, but now you can have your own label and store." (See pictures of expensive things that money...
...created before the crash, Hilmarsson explains that the center - which is a government-sponsored platform for exhibitions and seminars - took on a new life once the money disappeared. "People are looking into how we can survive in the future," says Hilmarsson. "Design and fashion have now become a high focus, not only within the sector, but also politically." Indeed, in May of this year, the promotion of design both at home and abroad was incorporated into the agenda of Iceland's new Social Democratic Alliance and the Left-Green Movement coalition government. (See women in fashion...
...part of the policy shift, Kurt Campbell, the U.S. Assistant Secretary of State for East Asian and Pacific Affairs, visited Burma earlier this month - the first such high-level tour in nearly 15 years. In a significant concession, Campbell was allowed to meet for two hours with the opposition leader and Nobel Peace prize laureate Aung San Suu Kyi. Her party won by a landslide in 1990 elections that the junta then ignored; and her continued detention has angered the West. But not everyone was available to meet Campbell: junta supremo General Than Shwe stayed holed up in his army...
...median of 71% of the population said they have a lot of confidence in Obama to do the right thing in world affairs. Just a year earlier, President George W. Bush had scored just 17% in the same measure. In some parts of Asia, Obama's popularity is particularly high, with 85% of the Japanese public and 81% of the South Korean public expressing confidence in the new American president...