Word: teche
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...seekers in India's booming tech sector, which is expected to hire up to 100,000 people this year, it's the best of times--and the worst of times. Hundreds of thousands of starry-eyed young software engineers are eager to work for as little as $4,500 a year. Yet there are not nearly enough experienced managers (who can pull in 10 times as much) to oversee the influx of raw recruits. At the same time, as multinationals like Accenture and IBM poach midlevel executives, some observers are worried that fast-rising wages could erode India's competitiveness...
...long way to go before it lifts itself off the bottom of Germany's prosperity list, and one science park does not amount to a new Industrial Revolution. Since unification, Germany has spent on the former East a staggering $1.46 trillion, much of it squandered, but Halle's high-tech development shows that not all of it was wasted. The presence of world-class companies like Probiodrug proves that even the most downtrodden town can shake off years of lethargy and begin a comeback. If Halle can do it, can the rest of Germany be far behind...
...also rare for a North American to go to Germany to start a high-tech business; usually, the traffic in entrepreneurs goes the other way. Cenix demonstrates how far Germany has come over the past few years as it tries to promote the creation of science-based businesses and stem an outflow of its best minds to the U.S. Max Planck had been a "large, slow-moving beast," says Echeverri, but when the idea for Cenix was born, it was Max Planck that acted as the midwife and pushed Echeverri into becoming an entrepreneur. "Cenix Bioscience would never have come...
...visionary behind some of the flashiest high-tech buildings in the Ginza district (Chanel's new 10-story flagship) or along Omotesando Avenue (Louis Vuitton's 36,000-sq.-ft. monolith), but when New York City--based architect Peter Marino heads to Tokyo, he seeks out the city's more traditional--and simple--sites, including the shitamachi, or low city. "This city is a succession of villages, and in each one the atmosphere is that of a different world," he explains. One of his favorite routes is from Waseda University down to the Minowabashi station on the Arakawa tram line...
...wasn't bad enough that the tech boom brought the scourge of casual dress to corporate America. When the dotcom companies eventually imploded, they also managed to depress the rest of the economy and, with it, the already defeated spirits of menswear retailers. Men jittery about their jobs were hardly inclined to purchase new khakis and polo shirts, let alone suits, which, because they cost more, are far more lucrative for the industry. But after several straight years of decline, the menswear industry is showing signs of improvement...