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...second-largest economy in the world, Japan continues to be an important source of business innovations and challenges,” Winston wrote in an e-mail. “Nobuo will help to ensure that HBS faculty will have access to the companies and practitioners behind these innovations,” she added...
...military, but having a six-month strategic review is not one of them. No doubt, the President should have spoken with McChrystal more than once over the summer. The military's mistake was going ahead with a flawed battle plan that did not secure Kandahar, the second largest Afghan city and the fulcrum of the insurgency. That mistake made the six-month strategy review necessary, as did two other factors: the disastrously corrupt Afghan presidential election and a vastly improved capability to gather intelligence on al-Qaeda, which has resulted in the killing of more than half...
...sold $7.9 million worth of vintage wines, taking the house's total wines sales in Hong Kong to $14.3 million in 2009 - eclipsing its sales totals of $10.5 million in New York and $8 million in London. Although New York is expected to remain overall the largest market for vintage vino for now, Hong Kong is gaining fast; the city's nouveau oenophiles are expected to splash out a total of some $60 million this year in wine auctions, twice as much as London's stuffy old guard...
...Hong Kong, a former British colony that has long been a major Asian trading and financial hub, has for several years aspired to become Asia's premier wine hub. Hong Kong collectors already own 17% of the world's stock of fine wines. But most of that stash - the largest in the world on a per capita basis - has been stored abroad because the city charged an onerous duty on imported wines that at one point reached as high as 80%. Then, two years ago, the market really began to flourish when the government scrapped all wine and spirits duties...
...biggest prize of all is China, which is already the largest wine importer in Asia. But at the moment, Hong Kong, which is a part of China but has its own system of government, is not in a strong position to become sommelier to its big brother. Authorities in Beijing subject wine imports, including those from Hong Kong, to a 48% tax, and allow Chinese customs officials to seize three bottles from every shipment for "testing" - a major barrier to importing high-priced wines where bottles can be worth thousands of dollars. A Hong Kong industry group is trying...