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...sales are down from 20 to 50 percent.” He said that the biggest casualty has been high-end restaurants, particularly ones that opened recently and have not had time to develop loyal customer bases.Small Plates’ opening coincided with the beginning of the recession in late 2007, unfortunate timing that the tapas restaurant has been recovering from.“[Reservations] did go down definitely in the fall,” Picca said, adding that they have “picked up a little bit since the beginning of the year.”At Henrietta?...

Author: By Lingbo Li, CRIMSON STAFF WRITER | Title: Restaurants Deal With Economic Trouble | 3/11/2009 | See Source »

...center of the country's restaurant scene is Sjávarkjallarinn (Seafood Cellar). Housed in the capital Reykjavík's oldest underground storeroom, which served as a stable in the late 18th century, the restaurant is known for its fusion of Asian flavors (think kaffir lime, star anise and yuzu) with fresh Icelandic fish, served within hours of being caught. The menu changes twice a month and recently included enticing entrées like a blue lingcod seasoned with red ginger, wasabi and shiso (a minty herb), and crispy salmon with soybeans, saffron and parsley. Other dishes, like...

Author: /time Magazine | Title: Reykjavík's Best Cellar | 3/11/2009 | See Source »

...January, the nation's top Islamic body issued a fatwa, or religious edict, banning Muslims from practicing yoga if it involved chanting Hindu mantras. Late last year, Indonesia's parliament passed an anti-pornography bill that could criminalize certain folk dancing or traditional women's outfits. The bill was supported by hard-line Islamic groups, who believed its passage could counter moral degeneracy among Indonesian Muslims. So far, the law hasn't been applied in a significant way, although contemporary artists and others are worried they could be targets of its harsh prison sentences, which include a maximum...

Author: /time Magazine | Title: Indonesia Cracks Down on Offensive Hot Spot | 3/11/2009 | See Source »

Since the financial crisis hit Russia late last summer, more than 1.5 million Russians have lost their jobs and the ruble has lost a third of its value. On Friday the State Statistics Service reported that the annualized inflation rate had jumped to 13.9 percent - a four month high. The government predicts that the economy will shrink by 2.2% this year while the cost of buying an average monthly basket of food for an adult male in January was $61.34, up from $53.53 a year earlier. (The average monthly salary in Russia is $490.51, according to state figures...

Author: /time Magazine | Title: Russia's Economic Rescue Plan: Go on a Diet | 3/11/2009 | See Source »

Officials are worried that if the price of food keeps rising too fast it could prompt widespread social unrest. The pensions of millions of retired Russians continues to hover below the poverty line and thousands of workers are losing their jobs. At a Communist rally in central Moscow in late February, the increased number of riot police detailed to monitor proceedings was telling of the government's growing fears...

Author: /time Magazine | Title: Russia's Economic Rescue Plan: Go on a Diet | 3/11/2009 | See Source »

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