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...food. But they no longer buy the CDs and DVDs they love. Such scrimping means less revenue for all sorts of businesses, which then face pressure to fire workers or cut wages. And so the cycle continues. Thanks to the pay cuts, Raltron "is back on the upswing," says owner Alexander Wolloch. But he doesn't know when he will be able to restore the old salaries...
Offsetting these increases is a 1.7% drop in prices for goods like cars, clothing and computers, which account for 23% of spending. Through productivity gains at home and cheap labor abroad, manufacturers have kept prices low. That's something a dentist or restaurant owner, with less flexible rent and labor costs, can't easily do. Food and energy prices (the remaining 21% of spending) have been rising (energy sharply) over the past few months but are expected to fall later this year. If you include them, the overall CPI was up 2.2% in April...
...lighter touch, try southwest Houston's Le Viet, which owner Tam Le opened nine months ago with a mission to make his mother's Vietnamese home cooking popular with non-Asian diners. The servers at Le Viet patiently show newcomers how to wrap rice-paper rolls around pungent shrimp paste, vermicelli and mounds of fragrant mint and cilantro, and advise which sauce goes with the fiery lemongrass tofu. "I'm young and willing to try new things," says Le, 25. "You can't serve American customers the same way as Vietnamese customers...
...take on authentic. At Indika, in the upscale Memorial neighborhood, it means reinterpretation. The techniques are scrupulously traditional, but every dish includes some surprise: crabmeat in the flaky samosas, fresh spinach and mustard greens in the saag paneer, and litchi juice in the margaritas. Indika's self-taught chef-owner, Anita Jaisinghani, 41, worked most recently at Cafe Annie, one of Houston's best-known restaurants. She knows when to keep things simple (a meltingly tender lamb shank) and when to experiment (puff pastry crowned with palm sugar and almonds). "I wanted to Americanize the food slightly," she says...
According to the proposal, Ledlie has already lined up a contract for the maintenance of Harvard University Police Department’s bicycle fleet, and has met with other bike entrepreneurs—including former Harvard Student Agencies General Manager and former owner of the Bike Exchange Richard Olken—to learn the business...