Word: hubbed
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Only a few years ago, Hong Kong was gripped by panic that the rapidly ascending Chinese city of Shanghai was set to usurp its coveted position as China's premier financial hub. Shanghai's budding stock market and burgeoning financial community were supposed to be the future; Hong Kong, the fusty remnant of a colonial past...
...traders had tight links to the Chinese market; Li & Fung, for example, was founded as a trading company in Guangzhou in 1906. But when the Communist Party took power in China in 1949, exports from China slowed to a trickle. Hong Kong then became a formidable manufacturing hub in its own right?until the colony's growing wealth (its per-capita income is second only to Japan's in Asia) began to impede growth. By the 1970s, costs were rising so quickly that Hong Kong became uncompetitive in basic manufacturing compared with newly emerging economies elsewhere in Asia. Geography saved...
...also taking a page from the playbook Southwest developed during the years it spent trying to repeal the Wright Amendment. That bit of legislation was roundly criticized as anticompetitive for keeping Southwest bottled up at Dallas' Love Field--and as less of a threat to American Airlines' fortress hub at Dallas--Fort Worth International. Virgin America's planned rally website, letVAFly.com uses the same technology Southwest did to link consumers wanting to complain with legislators and officials--especially those in California, since Virgin America is based outside of San Francisco...
...Building, Boston 4)Chocolate Train Splurge on a sweet historical tour of Boston on the Boston Chocolate Trolley Tour that kicks off its season this weekend. This tasty trip travels throughout the city, pausing so that passengers can enjoy chocolate treats from The Omni Parker House, Top of the Hub and the Langham Hotel’s chocolate buffet. Saturday, Jan. 20 11:30 a.m. and 12:45 p.m., continues through April Trolley Stop Store, corner of Boylston and South Charles St. Boston $75 5)Encyclopedia Britannicus Catch the exciting opening weekend performance of Britannicus, by Jean Racine and directed...
...Year's Eve blasts were the work of small, crude devices, but the impact of the bombings felt outsized for a nation that depends heavily on tourism and foreign investment. Bangkok and its environs serve as a regional manufacturing hub, and part of the capital's attraction had been its reputation as a terror-free zone in a region where security threats are omnipresent. Complicating matters, the country's financial edge has been blunted lately by the new military-installed government, which is making foreign investment in Thailand more difficult-just as countries like China, India and even Vietnam...