Word: globalizers
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...when it comes to a full meal, wooing customers away from their favorite haunts could be a challenge. Many of the street vendors, as well as the cha chaan teng and noodle shops, have deep roots in the community, and customers go to them intentionally to eat. Corporate global chains may be fine for a snack but "are not perceived to be authentic" when it comes to a meal, says Stephen Wong, program director of HKU/SPACE and a former food columnist for the Chinese-language newspaper Ming Pao. "People know they're from the States. People expect an authentic American...
...massive tsunami that devastated the islands of Samoa and American Samoa, killing 111 people, ravaging villages and flattening homes. The earthquake struck at 6:48 a.m. and measured 8.3 on the Richter scale. By 7:04 a.m., an emergency alert went out from the Tsunami Warning System, a global network of sensors monitored by scientists. Less than 10 minutes later, the tsunami, with waves measuring nearly 15 ft. high, hit land...
...Pacific's Tsunami Warning System is jointly operated by three control centers, in Japan, Alaska and Hawaii, where it has its headquarters. It uses earthquake information from seismic stations that are part of the Global Seismic Network overseen by the U.S. National Science Foundation and the U.S. Geological Survey, with contributing instruments, data and cash from countries around the world. The centers can cost hundreds of millions of dollars just to implement, Kong says, with the money coming from the countries that support each center as well as from donors like the Red Cross and U.N. organizations. When an earthquake...
...only U.S. car manufacturer that didn't need a government bailout, Ford Motor was in better financial shape than its peers to ride out the recession. The question now is whether Ford is well positioned to prosper as the global economy begins to recover. The answer from Ford management appears to be: we're not quite where we want...
...future, most Asian countries are registering surprising growth and auto sales are bouncing back. India and China are particularly bright spots; the latter has surpassed the U.S. to become the world's largest car market. Sadly for Ford, Asia accounts for a mere 5% of the company's total global revenues. In China, it's ranked only the fifth largest in sales (GM, now owned by the U.S. government, is No. 1). In India, Ford is a distant eighth. (See the 50 worst cars of all time...