Word: rose
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When 67-year-old Gary Furbee and his wife Rose decided to go shopping for a time-share vacation home in Hawaii, they couldn't believe the bargains. The couple had rented a two-bedroom ocean-view penthouse unit at Marriott's Ko Olina Beach Club on Oahu in 2007, liked it and resolved to watch for resales. The Furbees thought the recession might flush out some distressed sellers, but they were stunned by how far prices had plunged. "At Marriott, it was [listed] for between $50,000 and $60,000, but we paid $18,400," Gary says. He bought...
...there might be a glimmer of hope. Recent data shows that exports are starting to inch off their lows, an indication that the worst of the recession in Asia may be passing. In Singapore, exports rose 11% in March from February, the second straight month-on-month increase. Japan's grew by 2.2% in March from the month before, leading Merrill Lynch economists to speculate that "it is possible that exports are bottoming." Most importantly, China's exports rose 7.6% in March from February, after six straight months of contraction. "While exports growth is likely to remain weak...
...sales. Programs to spur domestic consumer spending in China have boosted purchases of items like appliances and automobiles. The success of the stimulus program, economists say, may be rejuvenating intra-Asia trade links and created a boost to exports from other Asian nations. Singapore's exports to China actually rose a substantial 14% in March from a year earlier, while those to the U.S. and EU fell 31% and 22%, respectively. "China is definitely coming on line and re-activating its call on the Asia supply chain," says Glenn Maguire, chief Asia-Pacific economist for Soci...
...stem its spread, while President Barack Obama asked Congress for $1.5 billion in supplementary spending to prepare for a possible swine-flu pandemic and installed the newly confirmed Secretary of Health and Human Services, Kathleen Sebelius, to help lead the fight against the disease. In the U.S., the caseload rose to 67 across five states - 45 of them in New York City, where health officials are investigating two new possible outbreaks at city schools - with more virus samples awaiting laboratory confirmation. New Zealand and Israel confirmed their first cases, while Canada, the U.K. and Spain saw small upticks in their...
...walk-in closet was a patchwork paradise. I sewed the fabric squares; Granny insisted that the right angles met in 90-degree perfection. (No wonder my mother became an architect.) The flashing needle tacked together vestiges of white dresses, red-checkered shorts, turquoise blue blouses and a dusty-rose colored skirt. Nothing matched, but that was the point...