Word: hu
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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...
...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...
...others say real change will require much more than just more training and education of officials. "Every time there is an incident, the relevant department takes medicine to cure the headache. That only fixes the problem, not the system," Professor Hu of the Beijing Institute of Technology wrote in his essay. "Now is the time to transform the way of thinking, to repair the system." Beijing-based China scholar Russell Leigh Moses isn't optimistic that will happen anytime soon. The problem is "not so much political or structural as psychological. The top leadership can't get over their anxiety...