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Ahmadinejad's appearance was a small but telling moment in the rolling overhyped crisis that is George W. Bush's so-called war on terrorism. The Iranian President's words had no practical, only symbolic, glob?al import. He has very little real power in Iran, none over foreign policy or the nuclear program. He has no more power than his predecessor, the failed reformer Mohammed Khatami, who came to be regarded in the West and in Iran as a well-dressed cipher. Indeed, Ahmadinejad has failed in the one area where he actually does have some authority: reforming...
...heartbreaking to see that there is not much local entrepreneurship creating things for export," Jakobsen says. "In a way, you feel happy if you can get this shirt, or these pants, or these shoes. But it's not healthy for the national economy to see that more import stores are opening. The balance of import and export will be very, very skewed...
...years foreign brands have been put off by this country's high import taxes (up to 50% for watches) and its shabby retail environment (there are no upscale shopping streets and few malls). But today India is experiencing a mall-building boom, perhaps a response to the sharp rise of newly affluent consumers?many under age 25. Analysts at Bain & Co. predict that the luxury market could grow 25% a year over the next three years?a far cry from the days when it was the exclusive preserve of Cartier-bedecked maharajas...
Igor Petrovich has a good idea. He would like to import a small population of carp to eat the grass that has overgrown the pond. The pond is the pride and joy of Ranina, a resort community in the vast forested flatlands of eastern Belarus, and the grass has grown so thick that swimming and fishing have become difficult. The grass is a source of constant aggravation and conversation among residents who own properties along the water's edge. The homeowners agree that carp would be a simple, low-cost, environmentally friendly solution to the problem...
That could change this fall. Democratic Florida Senator Bill Nelson introduced a bill that would require toys to be third-party tested to make sure they meet safety standards-- or be banned from import to the U.S. (Hearings are scheduled for Sept. 12.) Toymakers are supporting stricter regulation in part because "it would create a level playing field," says Joan Lawrence, TIA's vice president of standards and regulatory affairs. Today, the only penalty for failing to meet the standards is a recall, so some companies don't test...