Word: reportings
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Inevitably, though, the laws of economics have reasserted themselves. Since oil prices plummeted, and world stock markets crashed last fall, some $75 billion worth of real estate projects have been suspended and canceled in Dubai, according to a report by the local branch of HSBC bank. Business journal the Middle East Economic Digest 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...
...working out how to serve the increasingly sophisticated Muslim consumer. "The question now for companies is: What products and services are you going to provide to help Muslims lead the lifestyle they want to lead?" asks the Halal Journal's Abdullah. It's a code worth cracking. A 2007 report from the global ad agency JWT describes the Muslim market thus: "It's young, it's big, and it's getting bigger." Parts of it are well-educated and wealthy. The buying power of American Muslims alone is estimated at a hefty $170 billion annually. But with few exceptions, American...
...London Taxpayers to Parliament: We Are Not Amused Dozens of British lawmakers are facing scrutiny over leaked expense-report claims ranging from home mortgages to moat (yes, moat) maintenance. While most claims are within legal limits, their dizzying scale has sparked an outcry. Among the offenders...
...Washington Entitlements Feel the Squeeze The weak economy and surging health-care costs are taking a toll on Medicare and Social Security. A troubling government report projects that hospital funding for Medicare, which provides health care for 45 million Americans, will run dry by 2017--two years sooner than predicted just a year ago. Social Security's trust fund will go broke in 2037, four years ahead of schedule. Analysts warn that the picture may grow bleaker as mounting unemployment slashes tax revenues that fund the entitlements, which already eat up a third of federal spending...
...sticking point is democratic freedoms, particularly the right of journalists to report the news. Prime Minister Tsvangirai declared that all the banned foreign media organizations - such as CNN and BBC - were now free to operate from Zimbabwe. But Mugabe's faction has not made operating easy, especially for the local reporters the foreign media often hire to help gather information...