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...What's worse, according to Xanadu's detractors, is that the mall will offer discretionary amenities at a time when consumers are in survival mode. For example, that ski jump structure will actually house a 165,000 sq. ft. indoor skiing and snowboarding facility. The mall will also include restaurants like the Cheesecake Factory, whose 2008 profits dropped nearly 30% amid the casual-dining meltdown; an 18-screen movie theater; fashion retailers such as H&M, Guess and Zara; and Cabela's, an upmarket fishing, hunting, outdoor apparel and equipment outlet. Adrenalia, an extreme-sports store, is slated to have...
...Naturally, executives for Xanadu, which has been beset by prior delays and cost overruns, offer a different spin. "It's not like people aren't looking to recreate," says Larry Siegel, president of Xanadu. "They are. But people may not be able to rent that house on the beach or pay a few hundred bucks for a three-day pass at Disney. But they can come here and spend $100. If people spend the time here, they're going to spend the money." (See what businesses are doing well despite the recession...
...pops up as well - if you book a room in London during the end of March, for example, the site recommends that you check out the Oxford and Cambridge boat race on the Thames on March 29. To celebrate the site launch, Morgans will give TIME.com readers an exclusive offer - book two nights and get one night free (click here). Or call 800-606-6090 and use the promotional code SPTIME. Rates start at about $149. Book by March 31 for travel through...
...Chinese officials expressed "confidence" - a word that was repeated frequently during March 6 press conferences - that their program would offer significant benefits for the country's consumers and corporations. Zhang Ping, head of the National Development and Reform Commission, outlined an infrastructure-heavy program that includes $219 billion for roads, railways and other transportation, $146 billion for recovery from disasters including the Sichuan earthquake, $58 billion for improving housing for the poor, $54 billion for rural development programs, $54 billion to boosting technology and innovation at Chinese corporations and $30 billion for energy saving and anti-pollution measures. Health care...
...Brazilian public opinion supports the status quo, and the country's Congress last year voted overwhelmingly to reject a modest attempt at decriminalizing abortion. The advances that have taken place are mostly local initiatives carried out almost surreptitiously, such as the move by São Paulo states to offer the morning-after pill and heavily discounted contraceptive pills at state-run pharmacies. (See pictures of São Paulo trying to renew itself...