Word: metro
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...prevented U.S. and European economies from nose-diving has been the strength of consumer spending." In France, the consumer outlook has held steady. But spending in November declined 1.7% from the previous month, so analysts are anxiously awaiting December results. German consumers have already surrendered. According to retail giant Metro, 2002 was the worst year for German stores since World War II. The consumer sentiment index has dropped to the same level as in recessionary years 1993 and 1996. Nor is Britain insulated from uncertainty. Over the past two years, consumer spending has been buoyed by the country's strong...
...Numbers 1.2 million excited residents of New Delhi rode the capital's metro on its first day of operation. The result: chaos. It was designed to carry only 200,000 people daily...
...Police arrest two suspects in the Beltway sniper shootings, ending three weeks of terror in the Washington metro area...
...claim that they don't want to remain under the government's wing forever. They insist they will eventually build their own local facilities and networks in densely populated major metro areas (except for the last mile to the home, which no one expects will ever be replicated). But in a business with massive fixed costs and economies of scale--in which the current local networks were built with government subsidies and a guaranteed rate of return--the newcomers say they can't make the necessary investments until they have built up a critical mass of customers. Wayne Huyard, chief...
...With all this wide-open space, some visitors may feel they're missing out on the real New Delhi. Those who fancy some authentic hustle and bustle need look no further than the crushingly congested Chandni Chowk area. Even though the metro will open here first, it's unlikely to provide much relief to the maze of hawkers and shopkeepers, donkeys and camels, trucks and bicycle rickshaws, selling everything from myrrh to liquid mercury to Mickey Mouse dolls. Only hardened Delhi hands can manage much more than a few hours of this kind of chaos. But these days, escape...