Word: welling
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Dates: during 2000-2009
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...Chinese food is set low. In the handful of eateries that dot Mexico City's two-block Chinatown, it's common to start a meal with deep-fried wonton-dough sticks and a hefty bowl of neon-red sweet-and-sour sauce. "The biggest challenge will be performing as well as in the U.S.," says the new branch's manager, Iván Alvarado. "We have to explain a lot of things to customers at our tables because here in Mexico, we drink soda with Chinese food...
...company's chopstick-optional culinary formula, combined with an upscale ambiance and prime locations, has resonated well with customers and investors since the company went public in 1998. There are now 194 bistros in 39 U.S. states, along with 164 outlets of its more casual line of restaurants, Pei Wei Asian Diner, which launched in 2000. But as with many restaurant chains, the recession slowed the pace of expansion after consumers started ordering cheaper dishes and cooking for themselves at home. The stock fell to an eight-year low of $15 in November 2008 (it has since rebounded to roughly...
...Lenihan says housing prices need only appreciate 10% over the next 10 years for NAMA to return a profit on its initial expenditure. But predicting what's around the corner is never easy - as Ireland knows only too well. According to NAMA's draft business plan, a "prolonged property market depression" or "sluggish economic growth" could result in the failure of the scheme. Despite the risks, proponents say it's the only way to ensure that Ireland's banks start lending again. But for residents bearing the brunt of the country's economic slump, NAMA is little more than...
...Benetton Group has its ups and downs too. It still makes sweaters but it has also greatly expanded its product offerings to include a wide range of apparel as well as new brands such as fashion-forward Sisley and the leisurewear brand Playlife. Now in overall charge of the group, Alessandro has his hands full. The challenge today is to restore some of Benetton's luster and take the company global far more aggressively. Italy still accounts for 46% of sales - Europe overall accounts for 80% - at a time of sluggish economic growth and ferocious competition on its home turf...
...recent Friday when their country's election crisis continued to unfold, a clique well to do Afghans flew kites on dusty Nadir Shah Hill in Kabul. The hill is famous for this - sometimes it is simply called Kite Hill. It is a dusty, rutted place, overlooking the city. "This isn't proper," says Mohammed Ushan, 54, who works at the ministry of construction. "The Municipality of Kabul ought to take better care of this hill." His friend, Aziz Ullah Kukchar, 37, adds that the whole place ought to be developed. "If there was a proper park, and restaurants, and billiards...