Word: whiting
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Dates: during 2000-2009
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...heart of downtown Reykjavik sits a freshly painted pink building. The innards of the two-story metal structure have been gutted to make way for smooth concrete floors, diamond white walls and racks of clothing from Icelandic retailer, Nikita. Just a year ago, the same building was being readied for demolition. In its place were plans for an ultramodern shopping mall stretching several blocks across the capital's commercial district. Then came the crash...
...bottom line isn't unique. Down the street the three-month-old Fabelhaft shop has also logged surprisingly high sales. "Opening now has been the best investment for us," says co-owner Dusa Olafsdottir. Inside, tourists and natives mill around bespoke hats and dresses in the boutique's bleached white cube. "Before the crash it was ridiculously expensive on this street, but now you can have your own label and store." (See pictures of expensive things that money...
...been matched by resolution of the United States' foreign policy challenges, not only in Pakistan, Afghanistan and North Korea, but also among allies. Several Asian nations, most particularly South Korea, have waited anxiously for word that Obama intends to prioritize finalizing a new free trade agreement, something the White House has begun to signal this week. China, meanwhile, has expressed growing concern about the U.S. trade policy and the spiraling U.S. national debt, which endangers the value of China's vast investment in U.S. currency...
...That may be because some have worked together for years, both in and out of government. Typically for this Administration, all have strong academic backgrounds and tend to be wonks, more comfortable talking policy behind the scenes than making speeches. In a break for an Administration known for a White House-controlled foreign policy, the State Department plays heavily in strategy and policy implementation on Asia, which has helped create comity between the two centers of power...
...staying in Washington during the trip. He has been largely responsible for designing the Administration's approach to Asia, which is to focus on reassuring both long-term allies and China that the U.S. seeks increased cooperation in areas of shared interest. Kurt Campbell, a centrist Clinton White House and Pentagon official, will have the point position when it comes to briefing the President on upcoming meetings and issues during the trip. He and Bader have a good relationship. (See pictures behind the scenes with Hillary Clinton...