Word: tradings
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...authorities are cracking down. Over the summer, the Federal Trade Commission (FTC) announced a wave of cases, including one against Job Safety USA, a front company that targeted people seeking maintenance and cleaning work. The ads claimed that for $98 Job Safety would send a credential called a "certificate registration number" and then help the registrant find a job. But the credential was bogus and there were no jobs. "When the economy is down, scammers take advantage of people who are anxious about their financial position," says FTC attorney Karen Hobbs. A growing area of concern: unemployment-insurance scams. (Make...
Last winter's war with Israel, which the U.N. Conference on Trade and Development (UNCTAD) says cost the Palestinian economy an estimated $4 billion in economic losses, slowed Draimli's business even more. On a recent weekday afternoon, hours passed before a single customer showed up. But even after the war, he says, some Gazans have continued to find a need for his luxury goods. "The desire to have pets grew in Gaza after the Israeli invasion, because the children were constantly afraid," he says. "So every family that could came to buy a cat or bird for their children...
...become a wine center for Asia. With half the world's population, Asia accounts for only 7% of total wine consumption, so the market has plenty of room to grow. With zero tariffs and world-class logistics, Hong Kong hopes to become the main entrepot for Asia's wine trade and headquarters for the region's wine experts and merchants...
...Vintners and wine buffs, take note: with Asia rising, the flavors that please regional palettes could some day drive the decisions wineries make when growing, aging and blending their products. The West needs to face a sobering reality: Hong Kong is a new center of the world's wine trade, and it's here to stay...
...inflict harsh punishment when necessary. To contain threats, Washington needs to form alliances with neighboring states like Pakistan, India, China, Russia and even Iran, which supported us in the early days of the war. All share an interest in combatting Sunni-based religious extremism as well as the drug trade...