Word: hubs
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...While Guangzhou avoided the worst of the weather, it is the site of some of the most vivid scenes of adversity. The city, capital of the country's most prosperous province, is a major transit hub through which millions of migrants would have to pass on their homeward journey. Road and rail outages have left as many as half a million stranded here. The main rail link between Guangzhou and Beijing was disabled when heavy snow and ice in Hunan province knocked out power lines last weekend, leaving at least 136 trains stranded, according to Xinhua. Several highways north...
...Coping with Competition But that doesn't mean Hong Kong's future as Asia's preeminent financial center is assured. Singapore in recent years has boosted its banking sector. Shanghai is booming. And even Seoul aspires to be a financial hub. Faced with these long-term competitive threats, Hong Kong's leaders are laying the groundwork for even closer links with China. In August, a local think tank with ties to the city's top political leadership released a proposal for increasing economic integration with Shenzhen, the Chinese boomtown located next to Hong Kong. A mere fishing village when...
...hurdles are meant to be leapt. According to Sassen, Hong Kong's native genius is to continually recalibrate its relationship with China, while still maintaining its status as a cosmopolitan, consummately networked global financial hub. "Hong Kong has to innovate or it sinks," Sassen says. "That's what it's always been so good...
...estimated 120,000 jobs will be lost in Mombasa between now and March 2008, according to the Kenya Tourist Board; 80% of the town's residents rely on tourism for work. Mombasa is home to east Africa's largest port, and is traditionally a hub for holiday travel. But, with the decline in tourist arrivals, Kenya's national airline says that it will be forced to limit capacity on its domestic flights to cut costs. Flights from the Kenyan capital, Nairobi, to Mombasa will be reduced by 1,200 seats, according to Kenya Airways...
...called himself Princess Diana's confidant, "the hub" of her world, the keeper of all her secrets. He became an indispensable part of her life and probably knew her better than anyone else. And even after writing two tell-all books following her death, he insisted there were stories he would take to his grave. So when Paul Burrell, Diana's former butler, first refused to answer the question, you knew the answer...