Word: pacifice
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And then there's North Korea. The scenario facing the Pacific Command (PACOM) posits that Kim Jong Il dies in 2016 and is replaced by a new leader who resumes the processing of uranium for the countries' long-disputed nuclear weapons program. Once two North Korean uranium enrichment plants are...
That's an understatement. During the first three months of this year, China, which in 2004 overtook Italy to become the world's fourth most visited country, saw the number of international visitors drop by more than 7%, and its foreign-tourism revenue shrink by more than 15%. In Spain...
With so many people cutting back on vacations, airlines are also suffering. The International Air Transport Association estimates passenger traffic will contract by 5.7% this year, leaving airlines with losses of $4.7 billion. Carriers such as Cathay Pacific and Qantas have been cutting services, which in turn hurts hotels and...
Still, AutoZone, which generates $6 billion in annual revenues, will donate $200,000 this year to the arts in its home city of Memphis, Tenn., as it has since 1993. And Target Corp. continues to devote 5% of its pretax profits--$3 million a week--to charities and outfits like...
Some of the revival is due to the greater availability of trade finance, which had dried up as banks clamped down on lending in late 2008, hamstringing global trade. But China, the world's third-largest economy, is likely a more crucial factor in the turnaround. China sits in the...