Word: chief
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...those in the tourism industry, discussing restrictions simply doesn't fly. The world travel sector is already experiencing its first contraction since 2003, when the outbreak of SARS in Asia decimated tourism revenues. Michael O'Leary, chief executive of discount airline RyanAir, drew criticism on Tuesday for publicly suggesting that only the world's poorest people will succumb to swine flu, despite the fact that two middle-class Scottish newlyweds have been isolated in a hospital for several days after having tested positive for the H1N1 virus. "It is a tragedy only for people living in slums in Asia...
...before it flamed out in the post-dotcom bust. Earlier this year, Nortel, a company with $10.4 billion in annual revenues that has spent nearly a decade mired in accounting scandals and feckless attempts to reinvent itself, initiated bankruptcy proceedings. It will probably sell its most prized assets to chief rivals, including Nokia Siemens Networks and Avaya. It's a penny stock...
...chief concerns is that over-reliance on government spending for growth will undermine a Chinese economic goal: boosting consumer spending to achieve a more balanced economy, one that is less dependent upon consumer demand from the U.S. and Europe for growth. "The biggest problem with the state-centric growth model is it does not put much income into the pockets of the average Chinese and therefore it does not raise consumption," says Huang. "A year or two from now, suppose that the U.S. does not resume its previous pace of consumption -which is very likely- then the huge state-sector...
Narendra Modi embodies the incongruities of Indian politics. The three-term Chief Minister of Gujarat has made his state perhaps the most prosperous in a country already tapped for greater and greater growth. Gujarat has been enjoying growth rates of 10% or more (compared with India's range of 8% to 9%), with some of the largest businesses in the country operating in its territory, providing the average Gujarati a mean income significantly higher than the national average. A tough administrator, Modi is, from all appearances, incorruptible; he lives modestly, even ascetically, choosing to be celibate to devote his energies...
...incidents that worked to the BJP's advantage was Congress Party president Sonia Gandhi's speech at a 2007 rally in which she referred to Modi as a maut ka saudagar - a merchant of death. Riding on outrage, Modi won re-election in Gujarat for a third term as Chief Minister. "Gujarat is one state that has been very touchy about Modi and anything written or spoken about him," says Mumbai-based poll analyst Jai Mrug, adding that Gandhi's remark rejuvenated the Hindu vote in the state in favor of the BJP. "The [electorate] will see the present court...