Word: malled
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Dates: during 2000-2009
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...life were fair, John "Boom-Boom" Howard and Peter "Put-It-on-Credit" Costello would one day get a monument honoring their services to consumerism, wealth accumulation and fat profits. Perhaps a statue at every shopping mall or a team portrait in real-estate agencies would do the trick. Or maybe the banks could issue platinum credit cards celebrating the Liberal Prime Minister and Treasurer's contribution to the Swipe-It culture. They've had some luck, no doubt, but Howard and Costello have taken taxing and spending to audacious new levels, pushed away the poor's support struts...
...best part--the part that makes me realize I have no business stepping into a mall ever again--is that Pam never asked how much the giant French antique hutch she just bought costs. I am starting to understand how women make this shopping thing more exciting. They turn it into gambling...
...What's driving India's mania for malls? Bakshi of McDonald's says real estate speculation is one major factor: "In many cases, it's the 'loot-and-scoot' model. You see an opportunity, you build a mall, you sell out and leave." Mall builders like Unitech and DLF acknowledge that there has been speculative mall building, but blame it on smaller competitors that lack their long-term vision. Instead of putting a check on the mall-building glut, says Bakshi, India's state and local governments are all too happy to encourage it. "Governments sell land because they...
...Sitting in the food court on the top floor of the Mega Mall, the latest shopping emporium to open in Gurgaon, with Domino's Pizza and Subway close at hand, it's easy to imagine you're in a city like New York or Sydney. Yet India's mall boom is premature for the country's level of economic development, says Bakshi, "Incomes in India have grown, no doubt, but we need to grow much faster?at 10% for five or six years, like China?before we can support all these malls." For shop owner Varadharajan, that much economic growth...
Stavis said that business has declined in Harvard Square ever since national chains opened there. He said potential customers did not want to deal with parking and crowds when they could go to the mall, and added that independent bookstores throughout the country were suffering...