Word: northeasters
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Aziz's mother Halima, 50, told how the family fled their home in the village of Simsim, just northeast of the Gaza Strip in Israel, when she was a little girl during the 1948 war. "Since 1948 we have never been happy," she said. "We have no land, no security, no hope, no future." When the Aziz family set up a small T shirt-printing shop in 1989, the Israeli occupation authorities imposed taxes she says they could not afford to pay. In 1991 Anwar was arrested as a suspected Islamic Jihad supporter, and spent two years in prison...
There are more substantive reasons for questioning whether the surge will continue, even in subdued form. For one thing, it is regional rather than national, concentrated in the South, the Midwest and the Rocky Mountain states, especially Colorado; California is still in recession, and the Northeast no better than bumping along bottom. Of more general importance, people at the moment are spending more money than they are earning; personal income rose a strong 0.6% in October, but consumer spending jumped an even stronger 0.8%. Many analysts doubt that consumers can keep it up; savings are low, and debts remain high...
...Basically, my philosophy is simple," he said. "I believe that you have to be balanced, you have to be able to both throw and run well or you're in trouble. You definitely have to be able to run up here in the Northeast...
Geographically, there were increases inapplicants from the Northeast, the mid-Atlantic,the Midwest and foreign countries, he said
Such success is new to the family-run company, which often had trouble getting its goods into the hands of customers and was little known in the U.S. outside the Northeast. Timberland began to hit its stride after chairman Sidney Swartz, 57, named his son Jeffrey, 33, chief operating officer in 1991 and gave him day-to-day responsibility for running the company. The younger Swartz opened new Timberland outlets and, better still, got the company's merchandise into the stores on time. Timberland now runs over 100 "Concept Shops" in retailers such as Nordstrom and Macy...