Word: recentered
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...three centers have been thinking in recent years about ways to weave themselves back into the cities they serve. But it's no easy thing. Following on the excitement created by Frank Gehry's Walt Disney Concert Hall, which was added to the L.A. Music Center in 2003, Los Angeles endorsed the $3 billion Grand Avenue Project. That's a developer's proposal for Gehry-designed condos, shops, restaurants and a hotel, plus a 16-acre (6.5 hectare) park, all in the general vicinity of the center. But ground-breaking is on hold until the developer, Related Urban, can secure...
Domestic car sales are down about 30%. Sales at Chrysler have been hit hardest, down 50% in the most recent two months. In a bad economy, it makes sense that consumers will avoid a $25,000 purchase. Analysts and economists are trying to figure out how much people are willing to spend for almost everything. Will they buy a new refrigerator for $500 if their current model is old but not broken? The data from the last quarter indicate that they...
...industries were supposed to do relatively well when purchasing power got into a tough spot - cell phones and PCs. It may be that the focus on tech growth potential has been too much about Apple (AAPL) which has done well, at least in its most recent quarter. But, Apple is as much a cult as a business. Some people will borrow themselves into the poor house to own a new Mac or iPhone. (Read "How to Know When the Economy Is Turning...
...going to take to the global stage at a critical time in history, you had better be on your game. Japanese Finance Minister Shoichi Nakagawa certainly wasn't at his best at a recent meeting of the G-7 group of industrialized nations in Rome. During a Feb. 14 news conference, Nakagawa went before the press in what appeared to be an inebriated state. While the cameras rolled, Nakagawa slurred out halting answers to questions, yawned and seemed on the verge of dozing off. He later said he wasn't drunk, blaming his bleary, wobbly performance on jet lag, cold...
...Indeed, the only thing falling faster than Japanese industrial output is Aso's popularity, which according to a recent Nippon Television survey has sunk to a 9.7% approval rate, the worst for a Japanese Prime Minister since 2001. Even fellow LDP stalwart Junichiro Koizumi, the influential former Prime Minister, has publicly criticized Aso's blunders, calling them "appalling" and "laughable." Nakagawa's Yeltsin-like meltdown "is one more nail in Aso's coffin," says Robert Dujarric, director at Temple University's Institute of Contemporary Japanese Studies. "It shows that he's incompetent and so is his administration...