Word: solding
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Student models strutted down the runway in front of a sold-out crowd in Annenberg Hall Saturday night during the third annual Identities Fashion Show, sponsored by the Asian American Association. The models showed off clothes that explored the interplay between fashion and cultural identity, with a focus on the Asian American experience. Three themed acts—Demure Danger, Asian Americana, and Street Culture—exhibited mixes of Eastern and Western styles. Designers from Harvard College, the Parsons School of Design, and the Fashion Institute of Technology showcased their work in two “Student Design?...
Clipping Big Bird's Wings. The last British Airways Concorde aircraft will reportedly be sold to Dubai (along with the Queen Elizabeth 2) as a tourist attraction on Palm Jumeirah. The supersonic BA fleet was grounded six years ago and all the other aircraft were donated to museums, except this last one, which had been stripped for spare parts. That's not the last indignity it will suffer - to get the plane to Dubai via ship, its wings will have to be cut off before loading. Once at its final destination, it will be tarted up and opened for touring...
...cause another firm to default, and so on. To further complicate matters, since CDSs are unregulated, there is no authority to which these transactions are reported. Thus, no single firm knows how many CDS deals have been made, and firms do not know to whom most CDSs have been sold. Additionally, after the original transaction, a firm may sell its end of the CDS bargain to another firm without notifying the original counterparty. This exposes the financial system not only to a significant chain reaction, but also an inaccuracy in gauging it, even as it occurs...
...crisis has slowed down sales of everything from cars to organic groceries, people seem happy to keep shelling out for chocolate. Last year, as the global recession was gaining ground, Swiss chocolate makers bucked the trend with record sales - nearly 185,000 tons, an increase of 2% over 2007, sold domestically and in 140 export markets. And while figures for the first quarter of this year are not available yet, "so far we have heard positive and optimistic reports from chocolate companies," says Franz Schmid, managing director of Chocosuisse, an umbrella organization for Switzerland's chocolate industry. (Read a TIME...
...Sold. The following afternoon, McGrath corralled three of his buddies and drove 35 miles from his New York City home to the nearest Denny's, in Avenel, N.J. They all downed their meals, two of them free, and considered themselves hooked. "It's amazing," McGrath said after jacking up his cholesterol. "It's cheap, and it's good." His one wish? That Denny's open a restaurant in Queens...