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...Locals credit their town's rebirth to AKP policies and, in particular, the party's economic management. After a financial crisis in 2001 caused Turkey's currency to lose half its value, the country introduced IMF-inspired reforms that the AKP has doggedly maintained. As a result, Turkey has not only experienced impressive gdp growth, but has rid itself of the hyperinflation that plagued it for most of the 1990s. For real estate agent Abdullah Cam, 23, who says his family firm has tripled revenues in the past five years, the AKP has been "great for business." Down the road...
...Secularists may fear for their Western lifestyles, but very devout youngsters, for their part, see in the AKP potential relief from Turkey's remorselessly secularist laws. Mine Karakas, 27, has worn a head scarf since the age of 10 and as a result was prevented from attending university. (Head scarves are banned in public buildings.) She protested the law, picketing the university gates for two years, but eventually gave up. She headed to the U.S. to study instead, but returned after 9/11. She now works for a private foundation that operates Muslim orphanages around the world. For her, the religious...
...other composites instead of aluminum. The new materials will reduce the weight of the plane 20% Percentage by which the design of the Dreamliner will reduce fuel usage compared to similarly sized planes. But some environmental activists argue that the jet, which is smaller than its Airbus rivals, will result in more overall flights and therefore more air pollution...
...contrast to Americans, who in recent years have tended to spend more than they make. Just 4% of Chinese have credit cards, and purchases using plastic average less than $1,000 a year per cardholder. By Western standards, Chinese consumers simply have not yet begun to spend. As a result, "less than a handful of these new [malls] will meet expectations," Parker says. "China's most important cities are literally littered with spaces that are dark and underperforming." Statistics detailing nationwide vacancy rates for retail centers are hard to find, but in the economic powerhouses of Beijing and Shanghai, rates...
...rebirth of a product," says Nabil Nasr, a reman expert at the Rochester Institute of Technology in New York. It's not the same thing as repairing a broken part, which is often a short-term fix. In reman, once the disassembled bits are cleaned and reassembled, the result is as good as new. It's not a recent concept; Reman's roots go back around 100 years to the advent of the auto industry. And vehicle parts still comprise around 75% of the global market. But the industry is diversifying and picking up steam. "The growth potential for remanufacturing...