Word: hubs
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Dates: during 2000-2009
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...pharmaceutical giant Pfizer is planning to create a regenerative medicine unit specializing in stem cell research in Cambridge, according to a company press release. The unit will further Cambridge’s ongoing effort to maintain its status as a world-class hub of scientific research while stimulating the local economy and offering economic opportunities during the current financial crisis, proponents say. “It seems like a natural progression that will add to the breadth and scope of biotech here in Cambridge,” Mayor E. Denise Simmons said of the project. Simmons said the labs will...
Indy City Hub. The Indianapolis International Airport opened on Nov. 11, complete with a 13-foot model of a Boeing 737, lots of security lanes, check-in kiosks, restaurants and shopping. Airlines serving the new hub: AirTran, Continental, United and others...
...first African-American President, the gay and lesbian community in California has erupted in protests following the approval of Proposition 8, which overturns a state supreme court decision upholding gay marriage. On Nov. 8, some 10,000 people, far more than authorities had expected, marched through Hillcrest, the hub of San Diego's gay community. Many opponents of the measure blamed religious groups for the its passage, particularly the Mormon church, which one source estimated had donated some $15 million to promote Prop. 8; campaign records, however, showed far less. Meanwhile, in Connecticut, where a gay-marriage ban was lifted...
Another factor that helped make Canada the new gold standard in banking was Ottawa's decision in the late 1980s to allow commercials banks to acquire investment dealers on Toronto's Bay Street, the country's financial hub. As a result, these institutions are subject to the same strict rules as commercial banks, while U.S. investment dealers are subject to only light supervision from the Securities and Exchange Commission. Morgan Stanley and Goldman Sachs, of course, will now be under the U.S. Federal Reserve's supervision since they have been chartered as bank-holding companies...
Nobody is calling it a bust--not yet, anyway. Small to midsize builders like Ahmed are still operating, and 70,000 visitors attended Dubai's Cityscape property show recently, where projects worth some $180 billion were announced. Yet Dubai is vulnerable. As the gulf's business, transportation and tourism hub, it is more entwined with the global economy than many of its neighbors. And Dubai never enjoyed the profits from oil and natural gas that enabled sister emirate Abu Dhabi to amass a vast financial cushion...