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...result of this year’s rules, many HoCos are planning lower-key events than in the past, and alcohol is notably absent from some of them. In addition, the only music allowed will be provided by a Yale student...
...about 10% for 25 years during its big developmental leap starting in the 1950s. China's inflation is relatively low, and a huge surplus of workers in China keeps the labor market humming--and cheap. The starting salary of an average Chinese college graduate today is one-third lower than it was three years ago, Fang said, and 30% or more of graduates can't find jobs despite the 9.1% growth rate. "Wage pressure is nowhere to be seen," he said, and the foreign investment in the Chinese economy may sound huge but still represents only 10% of total investment...
...whereas most of its exports are in euros, which means it benefits coming and going. "We dream about this situation," Sikora said. Poland is the biggest of the 10 nations set to join the E.U. later this year, and Sikora is hopeful that accession will boost growth. Poland's lower labor costs give it a competitive edge, and it continues to enjoy some foreign direct investment, although the amount has dropped off in the past few years. A recent McKinsey report suggests that Poland is well placed to create as many as 500,000 jobs over the next five years...
...they are on all trips and especially the long hauls, the flight attendants are trained to keep an eye out for passengers who aren't handling the flight well: then the crew will engage them in conversation, offer them a drink or something to eat--all designed to lower the travelers' stress level. My stress was so low I decided I had to sleep. I easily dropped off and caught a four-hour nap. The cleverly designed seats have a headrest that bends to form a kind of a pillow: no embarrassing head drops onto your neighbor's shoulder...
...have been offering what they call routine special promotions. In May Cathay Pacific sold round trips between Hong Kong and Singapore for $128even less than the $160 fare offered by Singapore-based low-cost carrier Valuair, which started flying that same month. Major airlines "have been advertising prices even lower than ours," says Lim Chin Beng, Valuair's chairman. If they "want to lose money by undercutting us, good luck to them...