Word: two-year
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...demand slow down, Japan's Nikkei index fell to a 26-year low. Couple this with the appreciation of the yen - which some economists say could strengthen to an exchange rate of 80 to the dollar by the end of next year - and it's little wonder that corporate powerhouses like Toyota, Honda and Sony have seen profits dive. Royal Bank of Scotland Japan chief economist Junko Nishioka says that over the past two months, she has grown increasingly pessimistic. She sees Japan recording at least two years of negative growth, the first time that has happened since the property...
Ship Ahoy. After a two-year renovation, New York City's Intrepid Sea, Air & Space Museum re-opens on Nov. 8 in time for Veterans Day weekend. The aircraft carrier, which saw service from World War II through the Vietnam War and was a recovery vessel for NASA during the Mercury and Gemini space programs, features 30 historic aircraft including the Concorde. Pier 86, West 46th Street & 12th Avenue, New York City...
Kristin Fraser Cotte and her then boyfriend (now husband) took that idea to the extreme when they embarked on a two-year sailing trip through the Caribbean. They were already boat enthusiasts, but nothing could have prepared them for two years spent on a 30-foot boat. "We learned everything about each other - both the good and the bad," Cotte laughs. "I learned that Pete is a zombie before his morning espresso - he literally has no recollection of conversation before coffee...
...Tokyo, where the Nikkei was down 7% to its lowest level in more than five years, electronics giant Sony slashed its 2008 profit forecast by half. In South Korea, where officials said GDP growth is at a two-year low, Samsung reported a 44% earnings drop. That helped drag down the Kospi index by 9%, bringing the total loss for the week to 17%, the South Korea market's worst showing since 1997. "It seems that in the last two weeks, it has dawned on investors in Asia that no one is immune from the slowdown that is to come...
When the James ossuary toured Canada in October 2002, it attracted thousands of the curious and faithful. Some visitors kneeled in quiet prayer. But back in Israel, police detectives, along with a growing posse of biblical scholars, were growing skeptical of the ossuary's authenticity. After a two-year investigation, police in December 2004 charged the antiquities collector and four others of forgery, alleging that the James ossuary was a clever fake and that Golan had masterminded an international ring of thieves that over the past 20 years had duped major museums and collectors out of millions. Put on trial...