Word: hugeness
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Nixon was the first U.S. president to visit the Asian nation and the jaunt, which came smack in the midst of the Cold War, was a huge boon for the President's public image. The trip ended with the Shanghai Communique, a joint statement from China and the U.S. that pledged to improve relations between the countries and maintained that Taiwan was part of China, a diplomatic sticking point. At the close of the journey, Nixon crowed, "This was the week that changed the world." (See TIME's 1972 Cover Story "Richard Nixon's Long March to Shanghai...
...Rich Russians are accustomed to huge markups on luxury brands sold in their country. Top fashion labels can sell for up to 1,000% of what they would in the U.S. or Western Europe. But factor in inflation and the devaluation of the ruble, and the price is too high for many, says Grankina. "There is a layer of wealthy people who are willing to pay up, but when the ruble falls against other currencies, sellers pass that on to consumers at a time of inflation, so things become much more expensive...
...work with private clients. I've talked to some designers, and they say the situation is not critical - that clients have fallen off only 15% or 20%." At the same time, Shumsky acknowledges that about 10 designers have pulled out of the fashion show this year because of a huge deficit in corporate sponsorships. "The smaller designers are feeling it the worst. It's logical, because their production level is much less, so they can't benefit from economies of scale," says Troika Dialog's Grankina. (See pictures of the Russian Czars' fashions...
...billion dollars' worth of projects to private investors, though few have had any takers. Jakarta's business community cites a range of problems and obstacles that are keeping investors on the sidelines while funding remains sorely needed for the building of new ports, power plants and roads across this huge nation. "Lots of projects were showcased but very few have been realized because of classic issues like labor laws and the overall investment climate," explains Sandiaga Uno, CEO of Saratoga Capital, a venture capital firm. "Very basic issues like the bureaucracy and land availability have stifled infrastructure efforts...
...most controversial episodes in modern India's history: Indira Gandhi's Emergency Rule from 1975-1977, when she - with Sanjay as her chief advisor - ran the country on authoritarian lines, ruling by decree. One of those edicts led to forced sterilization to deal with India's then huge population growth rate. Varun Gandhi allegedly referred to it in his virulent rallies in the first week of March by saying that the BJP "need to pick them [Muslims] up, one by one, and sterilize them...