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...complete about-face for the hotels sector which was enjoying positive forecasts until just months back. In the last few years, while the economy was projected to grow at 8% to 9%, top names in hospitality like Four Seasons and Aman were making forays into India to fill the huge supply gap in the top-end executive and leisure travel segments. Five-star room rates in key cities had grown by 40% year-on-year in 2007, and a report by Jones Lang LaSalle Hotels, the hotel investment and advisory service provider, had predicted India would need...
...employees of the Big Three in Detroit have been going about their jobs as a life and death debate waged in Washington. Just this week, executives from General Motors Corp., Chrysler LLC and Ford Motor were offering reporters sneak previews of vehicles due out in 2009 and 2010 despite huge uncertainty surrounding their future. "We've got to stay focused on what we do," notes Ed Welburn, GM vice president of design, who says his designers have no choice but to keep the creative energy high. "We know they're in Washington. We can't ignore it," Welburn said...
...saves, including 16 in the third period alone, to preserve the lead. Clemis finished with 16 saves.The win, Harvard’s first against a ranked team this season, sends the team home for winter break with a restored sense of confidence.“I think this was huge for our team. We’ve been having kind of a rough start here,” Buesser said. “I think this is really going to set a tone for the new year.”The Crimson will look to carry over its momentum into...
...administration, Barack Obama has nominated former Iowa governor Tom Vilsack to be the next secretary of agriculture. Vilsack was not an ideal choice for advocates of sustainable agriculture, who had hoped Obama would choose someone less connected to powerful agribusiness interests (Iowa's economy is dominated by huge corn and pig farms). But Vilsack has shown an ability to think independently and some critics are hoping his credibility with Big Agriculture could help him bring about radical changes in the Department of Agriculture without looking too far out of step with the mainstream...
...powerful signal that change is on the way. His choice to run Veterans Affairs, retired general Eric Shinseki, was a brave critic of the Iraq war and is a staunch advocate for wounded vets. His pick for Housing and Urban Development Secretary, Shawn Donovan, has presided over a huge expansion of affordable housing in New York City. And his nominee for Energy Secretary, Stephen Chu (announced Monday), is a Nobel-winning physicist who preaches the gospel of efficiency. It's hard to imagine a starker contrast with their counterparts in the Bush Administration...