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...what's the next move for ritzy retailers? Department stores cut new merchandise orders for the upcoming holiday season by at least 20% to bring supply in line with demand, and began pressuring fashion houses to offer lower-priced goods. "They needed to get traffic into their stores," says Milton Pedraza, chief executive of the Luxury Institute...
...merchants contend that if interchange fees are lowered, they would pass on the cost savings to consumers through lower prices for goods - at least that's the theory...
...Madarasz, spokesperson for the New York Civil Service Employees Association (CSEA; Local 1000), which represents the guards and operational staff. State officials, for their part, express frustration that despite retraining, too many of the staff continue to over-rely on force. Most observers admit that the conflict is at least in part a cultural clash between minority kids, mostly from tough New York City neighborhoods, and a largely white, nonurban staff thrown together in a combustible setting...
...have franchised their formulas and are operating abroad, again mostly in the rest of Latin America. Another 20 are in the process of expanding beyond Peru's borders, and Kiser ticks off a long list of restaurants that could follow the same path. He expects there to be at least 50 Peru-based food franchises operating by the end of the decade. That's up from zero in 2000. (See more pictures of what the world eats...
...able to gain people's confidence easily due to his connections with Hizballah," says Mohammad Duhaini, the mayor of Toura, another town in southern Lebanon, where he says at least 250 people invested with Ezzeddine. Says Duhaini: "Most of those who dealt with him were supporters of Hizballah [and] many people were encouraged to do business with Ezzeddine due to Hizballah's propaganda for him." Indeed, one Hizballah source told TIME that some top leaders did business with Ezzeddine. The Lebanese press has published unsubstantiated reports that his enterprise collapsed when a check he wrote to a senior Hizballah official...