Word: hub
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Dates: during 2000-2009
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...itself into Europe's indispensable financial center. Leaving Frankfurt and Paris in the dust and encouraged by the policies of Gordon Brown, the current British Prime Minister, it has become a magnet for people, jobs and investment from around the world. The big U.S. banks made London their international hub, and the major continental European banks moved much of their trading and investment banking operations there. About 70% of international bonds, one-third of the world's foreign exchange and almost half the total volume of international equities are traded in London, more even than New York, its only remaining...
...exhaust underneath the bike so the weight stays low for better control. It was the first to put oil in the swing arm and fuel in the frame to distribute weight more evenly. And it pioneered a perimeter brake disk--replacing a central disk around the hub--that weighs a third less than the standard system. "I want every part to do at least two jobs, maybe three or four," says Buell. "So you have to invent new parts that no one has done that way before." Fewer parts mean less weight, lower costs and fewer production errors. Not everyone...
...firm that is advising the Boston Redevelopment Authority, unveiled several versions of a plan to turn Barry’s Corner—a large intersection at North Harvard St. and Western Ave. that currently contains only a gas station—into a community hub that contains restaurants, cafes and a park. To illustrate their particular vision, the presenters made comparisons to other lively urban centers that are bordered by institutions, such as Harvard Square and University Park near...
With America's financial cathedrals crumbling around him, the billionaire mayor of its biggest city made a power play. Citing a desire to shepherd the country's economic hub through a period of crisis, Michael Bloomberg announced on Oct. 2 that he would ask the New York City Council to amend a 15-year-old law restricting Big Apple mayors to two terms in office. "We have planned for a slowdown in New York, but we may well be on the verge of a meltdown," he said by way of explanation. (See TIME's cover story on Michael Bloomberg here...
...business of Charlotte was always business. The city began as a trading post at the intersection of two Indian trails, hosted America's first gold rush and first mint, and later blossomed into a transportation and textile hub. Charlotte's white leaders agreed to desegregation relatively early, concluding that turmoil was bad for business. And local banks exploited North Carolina's liberal acquisition laws to build the conglomerates that now dominate headlines. Today Charlotte's nine FORTUNE 500 companies help run the city, not only by writing checks--Bank of America and Wachovia have pledged $15 million apiece to build...