Word: peakings
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...Lunch has been around for years, but Eric Chu, marketing director at Neway, a leading Hong Kong karaoke chain, says his company began to promote it aggressively in 2001 in hopes of drumming up business during off-peak hours. Today, his outlets offer sushi buffets, Internet access and PlayStation consoles. Many are fully booked at lunch. And the recession hasn't hurt business: Neway lowered its prices 10% to 15% last November to lure penny-pinching customers and saw a few more patrons trickle in for the bargain...
...Workers (UAW), with 17.5%. GM's business in Europe, Opel, will be sold. As many as 14 U.S. factories are marked to close. The iconic Pontiac brand is probably finished. Under a new labor agreement with the UAW, GM's hourly domestic workforce, which numbered 600,000 at its peak, will drop to 40,000. In other words, 14 of every 15 GM jobs have vanished in roughly a generation. And the ripples: dealers losing franchises, thousands of suppliers doomed...
...above sea level). Three years later, exhaustion foiled a second attempt at virtually the same height. But on May 21, the 65-year-old British adventurer (and third cousin of actors Joseph and Ralph Fiennes) finally scaled Everest, making him the first man to conquer the world's highest peak and cross the North and South Poles unaided. "I get vertigo and don't like looking down," he says of his time at the summit. "But if you are there, you might as well look once." The day after returning to the U.K., the veteran explorer spoke with TIME about...
...puts the figure at more than $300 billion. Postponed developments include the World, a luxury man-made island community designed to resemble a world map, and Dubailand, a theme park planned to be twice the size of Florida's Disney World. Housing prices have fallen 20%-40% from their peak in late 2008, and about 30% of the city's existing real estate space is lying empty...
...that summer has unofficially kicked off, it's time to get to the shore. We've scoped out seaside destinations from California to the Caribbean where you can catch cooling ocean breezes and - since peak summer-travel season is still a few weeks away - some good shoulder-season deals...