Word: recentering
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...power brokers are Brazilian investment bankers who manage a global empire with a workforce of 120,000 and more than 200 brands of beer, including Beck's, Labatt, Bass and Löwenbräu. It has expanded rapidly, following a series of rapacious mergers and acquisitions in recent years, most notably its takeover of Budweiser brewer Anheuser-Busch in 2008 - after which InBev became AB InBev. But that move also saddled the company with huge debts that it is still struggling to pay off. Last year, it sold its entertainment business, including six SeaWorld parks and two Busch Gardens...
...biggest problem AB InBev faces is the downward trend in beer consumption in Europe. The company says European drinkers have been gradually switching to wine and spirits in recent years, causing sales of beer to decline sharply. In beer-loving Belgium, the problem has been particularly acute: beer sales plummeted 20% from 2000 to 2008. One reason for this, according to the market-research firm Euromonitor International, is that the Belgian population is aging and thus less likely to go out to bars to drink. And the trend shows little sign of reversing. Fifty years ago, the average Belgian drank...
Although Modernism's popularity has been a boon to tourist-depleted Palm Springs, the city itself has been slow at times to preserve its own architectural wonders. As recently as 2003, the demolition of the historic (circa 1948) Biltmore Hotel was easily green-lit. The Oasis Hotel, a masterpiece built in 1925 by Lloyd Wright (Frank's son), is now simply an obscure, nonfunctioning Art Deco tower left standing in the city's downtown. More than half a dozen other historic Palm Springs inns have also been razed in recent years...
...cannot be trusted with the management of public affairs. The Vice President has become Cobos Iscariot." The President's supporters are concerned Argentina's veep might make use of the President's absence during an upcoming trip to China to call a special session of Congress and reject a recent executive decree ordering the seizure of central bank reserves to pay off part of Argentina's voluminous foreign debt. "Cobos has clearly become the leader of the opposition and has been making use of the vice presidency to block the legislative bills of this government," pro-Fernandez legislator Agustin Rossi...
...After initially seeming to come out in public support of Ozawa earlier this month, Hatoyama has since taken more of a wait-and-see stance. It's not helping his falling approval ratings, which, at 41.5%, are now lower than his disapproval rate of 44.1%, according to a recent Kyodo News poll. Last month, news broke that contributions from Hatoyama's mother were recorded as political funds coming from other donors - some of whom were dead. Hatoyama has promised to pay hundreds of millions of yen in tax on that sum, but the damage control has been slow. Still, according...