Word: stockings
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...place better known for its azure ocean and impossibly sweet mangos). Now the big time beckons. Brad Pitt recently bought Cobonpue's Voyage bed, Warner Brothers asked Cobonpue to furnish a casino set for the forthcoming Ocean's Thirteen; and distributors from Spain to Singapore are clamoring to stock Cobonpue's sexy, curvaceous designs, most of which are consummate expressions of rattan's versatility...
...bond as he awaited his October sentencing; of heart disease; in Aspen, Colorado. Born to a poor family in rural Missouri, Lay became a friend to Presidents (George W. Bush famously nicknamed him "Kenny Boy") and a Wall Street darling whose renown grew in step with Enron's soaring stock price. But the emergence in 2001 of the truth about Enron and its scandalous business practices ruined that reputation?although Lay maintained his innocence to the end. Legal experts say his death vacates his conviction, since he cannot take part in any appeals. But his estate may still have...
...This conviction is an indication of just how far the Japanese economy has come. Following the stock and property collapses of the early '90s, most businesses and consumers drastically cut their spending and investments. With demand falling, prices dropped too, exacerbating businesses' unwillingness to invest in new ventures, and Japan found itself in a disastrous deflationary spiral. In desperation, the BOJ reduced interest rates to zero in 1999, but it had little impact for years because Japanese companies were hobbled by so many other problems, like bloated payrolls and debt-laden balance sheets. Under the reform agenda initiated by Prime...
...With the government and the central bank coordinating more closely, the economy slowly revived. It's now in full swing, enjoying one of its longest postwar expansions. GDP grew 3.2% in the last fiscal year and the Nikkei stock index is up 66% in three years. Spending is up, wages are up, even property prices are rising again, and unemployment is at an eight-year low. With conditions improving, Fukui has made no secret of his desire to end the anomalous zero-interest era, saying he favors acting early and in small steps. In March, the BOJ declared...
...interest rates would have a significant impact on global money flows. For one thing, it could spell the end of the Japan "carry trade," the practice of large investors borrowing yen cheaply to invest in anything with higher yields?from U.S. treasuries to stocks to emu farms. The carry trade has been blamed for speculative excesses in global stock and commodity markets, not to mention exotic investments like Icelandic and New Zealand currencies. In June, financier George Soros blamed the recent dip in global markets on the BOJ's money-supply tightening since March, noting: "When the Japanese central bank...