Word: stripped
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Dates: during 2000-2009
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Fifteen years ago, Tamil rebels overran a marshy strip along Sri Lanka's northwest coast. Pooneryn became a headache for Colombo: a strategic redoubt, shored up with artillery, that shielded the base of operations of the Liberation Tigers of Tamil Eelam (L.T.T.E.), one of the world's most dogged insurgent groups. But on Nov. 15, government forces seized Pooneryn, giving Colombo full control over its western seaboard for the first time in over a decade. The government called for a week of celebrations...
...piles of money together in times that are looking increasingly difficult for tourism. They plan to open other major resorts in Morocco, Zanzibar and South Africa in the coming year or so, although a deal with MGM Mirage to launch a major new casino project on the Las Vegas Strip is being put on hold at least until the credit squeeze eases up. "It's been quite challenging," Kerzner says. "We continue to do reasonable business but there's no question the marketplace has taken...
...1950s, Mickey had theme park, a newspaper comic strip, and The Mickey Mouse Club, the hit television variety show that has launched the careers of teen stars from Annette Funicello to Justin Timberlake. But soon Disney feature films like Bambi and Sleeping Beauty began to rake in the accolades - and box office receipts - the mouse faded into the background. Between his last 1953 cartoon short, The Simple Things, and the 1983 Christmas special Mickey's Christmas Carol, the mouse that built the house of Disney would remain out of work for 30 years...
...postponement of the Sands' Cotai Strip project may not be end of the bad news, according to Gabriel Chan, a Credit Suisse gaming analyst in Hong Kong. While operators are still making profits, the Sands isn't the only one that may have difficulty finding cash to finance its newest developments. Chan says the Galaxy Entertainment Group, which is building the Cotai Mega Resorts in Macau, is also likely to run into trouble. Any additional job cuts will further kindle discontent among blue-collar Macanese workers, who have long complained about losing construction jobs to less expensive mainland workers...
...economic and social problems that have started to fester beneath those glowing numbers. "On a whole, [the slowdown] is good for Macau," he says. "It was going too fast." Since 2003, gaming revenue has increased by an average of 30% per year, eclipsing that of the Las Vegas Strip by 2006. With 54% of GDP in 2007 coming from gaming, Macau has become somewhat of a one-trick pony that has neglected to develop other sectors. "The gaming industry has been growing at the expense of other industries," says Chan, who stresses that small- and medium-size businesses cannot match...