Word: hu
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Dates: during 2000-2009
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...that seems to be changing. Realtors say housing prices are finally dropping and apartments are going vacant. Moreover, a number of large New York City firms have announced layoffs. Retailers are bracing for things to get much worse. "Cigars are a celebratory medium," says Richard Hu, who owns Wall Street Humidor, a cigar shop in lower Manhattan. "And I guess there's just not that much to celebrate these days...
...Retailers, particularly those who cater to Wall Street, are already feeling a downturn. Hu says customers have downscaled their stogies and are increasingly asking for Rocky Patels, which can cost as little as $5 a cigar. Back in 2006, Hu says, the hot sellers were Opus X Fuentes, which can cost as much as $35, or $500 by the box. "Sales are off 30%," says Hu...
When China's President Hu Jintao made his first official visit to Washington in April of 2006, he encountered a string of diplomatic snafus that culminated in enduring several minutes of screaming from a protester admitted into the media stand. Still, U.S. officials say he and President George W. Bush developed a genuine personal rapport. At one point, Bush asked his counterpart which of the numerous challenges China faced was the most serious - which one kept Hu awake at night worrying. "Unemployment," Hu reportedly answered without hesitating...
...These days, Hu must be suffering from serious insomnia. When that meeting in Washington took place, China's economy was still expanding at a double-digit rate, creating enough jobs every year that many of the 20 million new job seekers who entered the market found some sort of gainful employment. Now GDP growth has dipped to around 9% and is expected to decline further as the worldwide financial crisis transmogrifies into a global recession. Already, scores of Chinese factories producing consumer goods like toys and plastics goods have shuttered in the southern industrial powerhouse of Guangdong, and thousands...
...Sources familiar with the Tibetan stance say they have dropped almost all preconditions in talks with the Chinese and were seeking only a meeting between the spiritual leader and Chinese president Hu Jintao. but rather than soften their position, Chinese officials seemed to grow more aggressive since the middle of this year, most recently stating in July that the talks were not about the future of Tibet but about arrangements for the Dalai Lama's own future, including when he might be allowed to return to China. "That's exactly what caused the collapse of talks all the way back...