Word: traffic
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...When traffic in Jakarta snarls to a stop - as it so often does in the Indonesian capital - swarms of peddlers besiege occupants of air-conditioned cars, offering up everything from roasted peanut to balloons. Lately, though, the street vendors have added another item to their eclectic wares: posters of the country's recently re-elected President Susilo Bambang Yudhoyono. The hawking of new merchandise in some of the world's worst gridlock is a fitting metaphor for a country that hopes to add a second I to the so-called BRIC emerging economies of Brazil, Russia, India and China. Just...
...numbers are generally perceived to mean a country is more economically successful, Fitoussi, who joined the discussion through a video conference call, said that socially harmful activities can also lead to an artificial increase in a country’s GDP. For example, he said an increase in road traffic would drive up oil consumption and lead to larger GDP numbers that “obviously misrepresents the social wellbeing...
...collapse of three Icelandic banks in October 2008 meant cranes across the country came to a halt. A broken economy has led to rock-bottom rents. And while the new lows may have hit local landlords hard, it enabled a kind of tenant once prohibited from the high-traffic destination to move in - emerging fashion designers. "Creativity doesn't stop when the money goes," says Runar Omarsson, co-owner of Nikita, a street-wear line that caters mainly to skate- and snowboarders. "It is important to look at what we have and make something out of it. There are valuable...
...easy for retailers to hold the line as they face a showdown with frugal shoppers. "Inventories are in good shape, but sales may suffer more than we thought as retailers are forced to blink on promotions to drive traffic," says Jeff Black, director at Barclays Capital, who expects holiday sales to be flat with year-ago levels. (See 20 tech gadgets...
...chase after a fox, finishing with tea and biscuits. “We do a lot of weird things spontaneously,” said Isaacson, “people got into the Mass Ave. intersection with ball gowns and a boom box once and ballroom danced every time that traffic stopped. Once a group went trick-or-treating with a door. So you would open your door to a door, potentially knock, and get candy...