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...large number of other industries are facing similar problems. The retail industry is the most obvious. Beyond that, airlines are back in trouble. All of the merger plans that carriers were looking at last summer can be dusted off. Traffic is falling sharply as consumers and businesses cut back on travel. In a related sector, the hospitality industry is in it worst period in decades. Some hotels are nearly empty...
...billion in revenue outpaced the $8 billion generated in America, partly because of a strong euro but also because of consistently higher sales. Given that, McDonald's new European investment strategy seems quite clear: provide its operations in Europe a boost by multiplying the number of restaurants capable of serving clients there. And ironically, a swiftly tightening recession may be the best environment in which that can be done. (See the top 10 food trends...
...days that have followed a number of prominent officials, including Minister of Commerce Björgvín Sigurdsson and the director and board of Iceland's Financial Supervisory Authority, have tendered their resignations...
...Sadr's previous ability to call up mass street protests with a word as a sign of the movement's clout and relevance. "The movement is very strong now, even better than before," says al-Masiodi. "You can notice this when we call for demonstrations in the number of people who come to join." But al-Sadr has not tested his strength with street marches lately. And that power, too, may go the way of his waning influence in national politics...
...hard to raise a family on a poet's salary, of course, so Burns took a job as a tax inspector while still writing - and farming - on the side. He switched from poems to songs, and produced a number of tunes still famous today: "A Man's a Man for A' That," "A Red, Red Rose," and of course the New Year's Eve jingle about old acquaintances. Unfortunately, Burns had a weak heart, and strenuous requirements of a farmer's life took their toll. He died in 1796 - on the very day that his wife gave birth...