Search the Community

Showing results for tags 'times'.



More search options

  • Search By Tags

    Type tags separated by commas.
  • Search By Author

Content Type


Forums

  • Real estate projects
    • Proposals
    • Going up
    • Completed
    • Mass Transit
    • Infrastructures
    • Cultural, entertainment and sport projects
    • Cancelled projects
  • General topics
    • City planning and architecture
    • Economy discussions
    • Technology, video games and gadgets
    • Urban tech
    • General discussions
    • Entertainment, food and culture
    • Current events
    • Off Topic
  • MTLYUL Aviation
    • General discussion
    • Spotting at YUL
  • Here and abroad
    • City of Québec
    • Around the province of Québec.
    • Toronto and the rest of Canada
    • USA
    • Europe
    • Projects elsewhere in the world
  • Photography and videos
    • Urban photography
    • Other pictures
    • Old pictures

Calendars

There are no results to display.

There are no results to display.

Blogs

There are no results to display.

There are no results to display.


Find results in...

Find results that contain...


Date Created

  • Start

    End


Last Updated

  • Start

    End


Filter by number of...

Joined

  • Start

    End


Group


About Me


Biography


Location


Interests


Occupation


Type of dwelling

Found 85 results

  1. McGill takes 12th spot in global ranking ELIZABETH CHURCH From Thursday's Globe and Mail November 8, 2007 at 5:05 AM EST An international ranking of universities has put Montreal's McGill University in 12th spot, the highest rank to be reached by a Canadian institution. The annual rating, done by London-based Times Higher-QS World University Rankings, moved McGill up from its 21st placement last year. Ten other Canadian universities made the top 200 list, with the University of British Columbia finishing in the 33rd spot and the University of Toronto in the 45th. "This is such a source of pride for us. It shows that McGill is moving in the right direction," principal Heather Munroe-Blum said. The placement means McGill is now the top-ranked public university in North America, she said. It also demonstrates that the practice of concentrating resources on areas of excellence such as neuroscience, developmental biology and law is showing results, she added. "We have chosen our spots very carefully in areas where we can be leaders in the world." The rating, which was to be released this morning in London, comes at an important time for McGill as it looks to tap its network of alumni for a major fundraising campaign and is striving to increase its profile. Harvard University once again was placed at the top of the international ranking, which was conducted by an independent firm, sold off by the owners of the Times of London in 2005. Oxford, Cambridge and Yale all shared second place. The survey considers a number of factors in its rankings and gathers input from more than 5,000 academics around the world.
  2. http://www.journalexpress.ca/Actualites/2015-04-13/article-4109695/Ce-sera-le-Grand-Hotel-Times-de-Drummondville/1 DRUMMONDVILLE. L'hôtel qui sera annexé au Centrexpo portera officiellement le nom de Grand Hôtel TIMES de Drummondville. C'est ce qu'indique le site web de l'entreprise dirigée par Jean Audet. «Le Grand Hôtel TIMES de Drummondville directement relié au nouveau centre de foire Centrexpo vous offrira, du haut de ses 12 étages, une perspective panoramique unique surplombant toute la région. Nous vous offrirons un service d’hébergement personnalisé, caractérisé par une anticipation des besoins de ses clients et un souci du détail impeccable, en vous proposant 140 magnifiques chambres et suites dans un design à vous couper le souffle», est-il souligné. La direction ajoute que : «notre vision basée sur l’évolution et l’originalité, apportera un concept réinventé dans le domaine des réunions au Centre-du-Québec. Nos salles de conférences, situées au sommet de l’édifice, entièrement fenestrées et équipées à la fine pointe de la technologie vous ouvriront une voie vers une expérience incontournable». On parle également de diverses commodités telles une piscine intérieure, une salle d’entrainement, ainsi qu’un vaste stationnement. Il est rappelé que l’espace restauration accueillera plus de 200 convives. Le maire Alexandre Cusson a dévoilé, lors de son Souper annuel, que le restaurant Cosmos viendra s'y installer. On précise bien sûr qu'il est possible de faire des réservations ou de s'informer en contactant Sylvie Pomerleau au 1-888-999-3499.
  3. Source: Rue89 L’artiste Banksy a quelques trucs à dire sur la tour du One World Trade Center, qui vient d’être achevée. Sur son site internet, il a mis en ligne un billet sur le sujet, écrit sur une fausse une du New York Times. Il explique qu’il a proposé son texte aux pages opinion du New York Times mais que le journal l’a refusé – contactée par The Atlantic Wire, la rédaction n’a pas encore répondu. Le texte ? Une violente charge contre la tour qui remplace les tours jumelles détruites le 11 septembre 2001. Banksy, « en tournée » à New York, considère que ce monument est la plus « grande agression visuelle » de la ville et le surnomme le « shyscraper », jeu de mots avec « shy » (timide) et « skyscraper » (gratte-ciel). Extraits : « Cet immeuble est un désastre. Non, les désastres sont intéressants. Le One World Trade Center est un non-événement. C’est de la vanille. On dirait un truc construit au Canada. » [Le Canada n’est pas connu pour la beauté de ses gratte-ciels, ndlr] [...] « Ce qui est remarquable pour une structure de cette taille, c’est que le One World Trade Center manque de confiance en lui. Comment fait-il pour tenir sans colonne vertébrale ? On dirait qu’il n’a jamais voulu exister. Il vous rappelle ce grand gamin dans une soirée qui baisse ses épaules bizarrement pour ne pas émerger de la foule. C’est la première fois que je vois un gatte-ciel timide. » [...] « On pourrait voir le One World Trade Center comme une trahison de tous ceux qui ont perdu la vie le 11 septembre, car il proclame clairement que les terroristes ont gagné. Ces dix hommes nous ont condamnés à vivre dans un monde plus médiocre que celui qu’ils ont attaqué, au lieu d’être les catalyseurs d’un nouveau monde plus éblouissant. »
  4. Interesting article about our unique situation. http://www.nytimes.com/2013/07/02/world/americas/when-montreal-is-on-the-move-with-mattresses-and-dishwashers-in-tow.html?_r=0
  5. http://www.nytimes.com/slideshow/2012/04/15/fashion/20120415-FORAGING.html For decades, period architecture and pristine cobblestone streets have kept Old Montreal well trodden by tourists. But this gracious waterfront area, dating back centuries, is regaining cachet with locals, and high-end retail has followed. A western stretch of narrow Rue St. Paul, where souvenir shops once hawked Québécois kitsch, has become an unlikely hub for high fashion. Huge picture windows in restored stone buildings now showcase of-the-moment looks to rival the hippest that New York or Paris have to offer — all with an insouciant Montreal twist. — MICHAEL KAMINER Credit: Yannick Grandmont for The New York Times
  6. (Courtesy of The Financial Post) It is pretty easy you sign up with your credit card or debit and few days later you get your gold delivered to your front door I read somewhere else you can buy up to $6000 CDN worth of Gold per day so almost 6 ounces. Scotia Mocatta
  7. New Year's Eve party à la Times Square in Montreal Thu, 2009-09-10 17:37. Shuyee Lee Montreal is getting its own Times Square-style Rockin' New Year's Eve. Media company Astral Media is organizing a big New Year's Eve party this year on McGill College Avenue downtown. It'll be an annual affair complete with live music and comedy, activities, as well as sound and light performances. The Big Astral Countdown for Mira event will help raise money for the Mira Foundation, which provides over 180 guide dogs and assistance to people with mental, visual, hearing and motor disabilities. Astral Media owns CJAD 800 which will broadcast the event live, along with its sister stations CHOM 97.7 and Virgin Radio 96. http://www.cjad.com/node/990235
  8. The New York Times, not just a newspaper anymore. Check this out: http://www.nytimes.com/interactive/2009/04/19/world/20090420-aliabad-ambush/index.html
  9. H&R REIT hits a roadblock with The Bow LORI MCLEOD November 14, 2008 When H&R Real Estate Investment Trust signed on as the owner and developer of EnCana Corp.'s new head office in Calgary last year, the deal marked a milestone. At the peak of the real estate boom in February, 2007, the handshake between the natural gas producer and the real estate developer set in motion the creation of a unique, crescent-shaped skyscraper which is set to become the tallest office tower west of Toronto. At the time it was announced the project known as The Bow, became a symbol of Calgary's coming of age as a Canadian financial powerhouse in the midst of the commodities boom. Almost two years later, times have changed and the development that was to become H&R's crown jewel has hit a funding wall. "At present there are no financing arrangements in place on any of the REIT's development projects, and the current difficult economic conditions have impacted H&R's financing strategy," the trust said late yesterday in a release of its third-quarter financial results. The trust said it is considering selling assets, including The Bow, to address its funding challenges. So far, attempts to find an investor for the project have failed and are unlikely to succeed until H&R moves further along with its financing and construction efforts, said Neil Downey, analyst at RBC Dominion Securities Inc. H&R's biggest problem has been the seizure of the credit markets, which happened swiftly, unexpectedly, and before it secured a construction loan for The Bow, said Dennis Mitchell, portfolio manager at Sentry Select Capital. Labour and materials costs are rising, and the cost of the project has risen from $1.1-billion to $1.4-billion. Adding to the pain is the downturn in the financial and commodities markets, which is sending office vacancy rates up and real estate values down. While the large scale of The Bow was a bit concerning, in "heady" times it was an exciting project, Mr. Mitchell said. "In February of 2007 you were essentially in the peak of the market. You were talking about [real estate firm] Equity Office Properties being purchased in a bidding war. You had people talking about a wall of capital coming into the markets. It was a pretty heady time," said Mr. Mitchell, whose firm recently sold nearly all of the 55 million H&R shares it owned. His view in February, 2007, was that H&R would be able to sell a 50-per-cent stake in the project at a gain in about six months. As the project proceeds, over budget and in need of $1.1-billion in funding, H&R is facing some tough choices, Mr. Downey said. While it was not mentioned as an option by H&R, Mr. Downey has raised the possibility of a distribution cut of up to 50 per cent, starting in 2009 and continuing until the project is completed in 2011, he said. "This would be a Draconian move by REIT standards," he added. However, it would provide H&R with an additional $300-million in capital, which should be enough to make up the financial shortfall if it can secure a $500-million construction loan, he said.
  10. La banque d'affaires américaine Morgan Stanley négocie une fusion avec la banque généraliste américaine Wachovia, rapporte mercredi soir le New York Times. Pour en lire plus...
  11. Builders face financing squeeze 'We can expect a solid demand for condominiums well into the future' TERRENCE BELFORD From Friday's Globe and Mail September 5, 2008 at 12:00 AM EDT Remember how A Tale of Two Cities starts? Charles Dickens writes, "It was the best of times, it was the worst of times." Stretch that theme a bit and you might be describing what is about to happen in the Toronto-area condominium market. First, the best of times. According to Urbanation Inc., which tracks condos from the Burlington border to Ajax and Whitby, there were a record 295 projects for sale at the end of June. Of these, 147 were under construction and another 38 new ones were ready to break ground. Behind those projects stood 151 different developers, and for many of them it was their first shot at building a condo. Those first-timers were mainly house builders who could no longer find building lots. Their choice was either to move into condos or fold their tents. So on the plus side, prospective buyers have never had greater choice. Now on to the worst of times. That impressive number of projects may prove to be the Greater Toronto Area's version of a Potemkin Village by the end of the year. Veteran market watchers say that up to a third of them are likely to be pulled from the market. Along with them, up to 50 developers may bite the dust. The reason? They are unlikely to find financing, says Barry Lyon. He is a 40-year veteran of the Toronto area real estate market. His company, N. Barry Lyon Consulting Ltd., provides research, marketing and project management to the condo and commercial sectors. "The U.S. credit crunch means the money to build just is not there," he says. "The tap has run dry." So, what determines who gets the money to build? In large part, GTA condo buyers. Developers need to presell about 60 per cent of the units in any project before lenders will take a look at providing the money to build. Equally important, they have to do it within reasonable time frames. As their marketing and sales teams scurry to sell suites, construction and carrying costs for high-priced land are ticking upwards. Mr. Lyon says he would not be surprised to see some developers pulling projects out of the market because those costs have risen to such an extent that they simply can't make a buck going ahead. "In some cases, even with 60 per cent sold, some developers are still going to have a hard time finding financing," he says. It is not that there is any lack of demand. It remains strong, says Jane Renwick, executive vice-president of Urbanation. But it is nowhere near the levels seen in 2007, which was a banner year for the industry. Thanks to record sales in 2007, 76 per cent of the 66,310 suites on the market at the end of June had already been snapped up. "I think a lot of last year's sales went to first-time buyers," she says. "I also think that most of them have now been absorbed so we are looking at a return to a more stable market — less of a gold-rush mentality." Again on the plus side of demand is the lure the GTA holds for immigrants. Ms. Renwick points out that of the 150,000 people who immigrate to Ontario in any given year, 100,000 of them make their way to the Toronto area. "If that trend continues, if we continue with high employment and if the economy continues to expand, we can expect a solid demand for condominiums well into the future," she says. That demand will continue to be strongest within the old city of Toronto. That is where 70 per cent of today's projects sit, says Mr. Lyon. It is also where prices are highest — an average $461 a square foot, versus $418 a year ago, according to Urbanation. Compare that with $294 in Scarborough, $254 in Pickering, $287 in Ajax and $313 in Aurora. Much of the difference is simply the cost of land to build on. But in that area Mr. Lyon suggests the coming shakeout may bring positive benefits to buyers. He says the loss of about a third of the developers today jockeying for land and bidding against each other to arrange construction crews likely means less competition for available resources. Less competition means lower demand and lower demand usually leads to, if not lower prices, then at least a much slower rise in prices. "It is going to be an interesting year," Mr. Lyon says. "By the end of 2008, the GTA's condo market may be a quite different place." Terrence Belford is a veteran journalist covering the Toronto real estate market.
  12. J'ai pris 1850 photos lors de mon voyage a travers les E-U, voici un preview Panorama tres vite fait, mais bon... voici Times Square! Cliquez pour agrandir: http://i531.photobucket.com/albums/dd355/notcataclaw/USA%202008/tspano1-1.jpg[/url] Deux autres preview: Je vais faire un mega post bientot avec des centaines de photos de New York, Washington D.C., Baltimore, St-Louis, Cleveland, Memphis, Nashville, Louisville, Baton Rouge, Houston, Dallas, Denver, Boulder, Atlanta, etc.
  13. Le géant indien du fer et de l'acier Arcelor Mittal souhaite acquérir des parts de Rio Tinto, selon le Financial Times. Pour en lire plus...
  14. La banque américaine vient de commencer la suppression d'environ 10% de ses effectifs dans son activité de banque d'investissement, affirme vendredi le Financial Times (FT). Pour en lire plus...
  15. The New York Times Printer Friendly Format Sponsored By April 6, 2008 30 Seconds With Alex Ovechkin By LEW SERVISS The fans chant “M.V.P.!” when Alex Ovechkin scores at the Verizon Center in Washington. They have had a lot of practice this season. Ovechkin, the 22-year-old dynamo from Moscow, scored his 65th goal Thursday, breaking the season goal-scoring record for a left wing set by Luc Robitaille of the Los Angeles Kings in the 1992-93 season. The next task for Ovechkin is to help the Capitals advance in the postseason; Washington secured a playoff berth Saturday night. LEW SERVISS BEST THING ABOUT LIVING IN WASHINGTON Good people here and just I like it here WHAT DO YOU MISS MOST ABOUT RUSSIA? My family, my friends FAVORITE VIDEO GAME Counter-Strike THE BEST THING ABOUT SCORING A GOAL The celebration WHO WOULD PLAY YOU IN THE MOVIE “THE ALEX OVECHKIN STORY”? Probably Jim Carrey THE SPORT YOU’RE WORST AT American football probably FAVORITE CITY TO VISIT Montreal IF YOU WEREN’T A HOCKEY PLAYER, WHAT WOULD YOU BE DOING? Probably playing soccer LEAST FAVORITE FOOD Sushi FAVORITE DRESSING ROOM MUSIC Hip-hop ANYTHING IN PARTICULAR? No WHAT’S BETTER THAN MAKING THE PLAYOFFS? Nothing Home Contact Us * Work for Us * Site Map Pour moi il va avoir une opportunité de visiter notre belle ville, plusieurs fois ce printemps!
  16. Some of the measures in the Snøhetta concept sound familiar... http://nymag.com/arts/architecture/features/times-square-2012-4/ Could it become a place where New Yorkers actually want to hang out? By Justin Davidson Published Apr 15, 2012 Snøhetta's plan for Times Square: a low-key, pedestrian-friendly base for the riot of lights above. (Photo: Rendering courtesy of MIR) For two decades, New Yorkers have viewed Times Square as the city’s heart of brightness, a candy-colored hellhole to be avoided whenever possible. At either end of a workday or just before curtain time, we may dart and jostle past slow-moving out-of-towners, but the notion of meeting friends for dinner at the Hard Rock Cafe or whiling away a weekend afternoon held rapt by the symphony of screens doesn’t cross our minds. Starting next fall, workers with jackhammers will tear apart the bow tie, temporarily making it an even less congenial place to hang out. But one major goal of the $45 million construction project is to persuade New Yorkers to love Times Square—to convince them that it’s not just a backdrop for a million daily snapshots but Manhattan’s most central, and most convivial, gathering spot. Architects and visionaries have often addressed that old ambition with high-energy concepts that gave us the current high-tech razzmatazz. Even in this round of ideas, the city has fended off proposals for colored LEDs embedded in the pavement, for ramps, staircases, pavilions, digital information kiosks, heat lamps, trees, lawns, canopies, and, of course, more video screens. Instead, the city hired the architectural firm Snøhetta to produce a quiet, even minimal design that doesn’t try vainly to compete with the glowing canyons. Its beauty lies in dark, heavy sobriety and a desire to be a lasting pedestal to the frenzied dazzle above. In the most straightforward sense, the new plan enshrines a transformation that has already taken place. Ever since vehicles were banned from Broadway between 42nd and 47th Streets, in 2009, Times Square has felt like a temporary art installation. Pedestrians have been able to step off the curb and into the weirdly motor-free street. Rickety red café tables, which replaced plastic beach chairs, dot a blue river painted on the asphalt. Streetlights, lampposts, mailboxes, hydrants, and pay phones remain clustered along the Broadway sidewalk, staying clear of nonexistent traffic. The new construction will eliminate that feeling of making do. Curbs will vanish. Pedestrian areas will be leveled and clad in tweedy concrete tiles that run lengthwise down Broadway and the Seventh Avenue sidewalks, meeting in an angled confluence of patterns. Nickel-size steel discs set into the pavement will catch the light and toss it back into the brilliant air. Instead of perching on metal chairs, loiterers will be able to sit, lean, sprawl, jump, and stand on ten massive black granite benches up to 50 feet long and five feet wide. Electrical and fiber-optic-cable outlets will be packed into the benches so that, for outdoor performances, special-event crews will no longer need to haul in noisy, diesel-burning generators or drape the square in cables and duct tape. Even on ordinary days, the square will be de-*cluttered of the traffic signs, bollards, cones, and boxes that cause foot traffic to seize up. With any luck, crowds will gather and mingle only in the center plain between the benches, leaving free-flowing channels on either side for the rest of us, who have somewhere to be, people! Originally based in Norway and now firmly ensconced in New York, Snøhetta in 2008 created one of the most successful public spaces in recent memory: the pedestrian pathway that winds its way around, inside, in front of, and on top of the firm’s new opera house in Oslo. It’s a cosmopolitan yet utterly local place, an exquisite juncture of sea, sky, and glacier-like building, which seems to be slipping calmly into the fjord. It suggests that the architects understand the interaction of local culture and public space. “We’re not trying to make an instant photograph of happiness,” says the firm’s co-founder Craig Dykers, explaining that Times Square needs a little grit. “There’s been quite a lot done to make the city feel more delicate, which is good, but we shouldn’t forget its industrial history. At Times Square, there were rivets on the old marquees, the steelwork on the signs was industrial, and the lighting was naked bulbs. We want that whole history to be reflected in the experience of the space.” That may be a lot to ask of benches and pavers. Toys ’R’ Us isn’t slinking back to the suburbs, and all the happy, shiny logos won’t be dimming anytime soon. But Times Square has always reinvented itself every decade or two, and it may be shifting again. It’s been the epicenter of the media world, but Condé Nast will soon be moving to the World Trade Center, and Google has settled in Chelsea. In the nineties, Times Square lured law firms and financial outfits with the city’s freshest, most technologically advanced office towers, but new models inexorably supersede the old, and this time they’ll be in lower Manhattan and Hudson Yards. This is not to say that the glitter is flaking off, only that the least likely option for the future is stasis, so Snøhetta had to design a permanent platform for the unpredictable. There are two distinct approaches to public-space renovations: the grand design and the perpetual tweak. If Snøhetta is pursuing the first path, the apostle of the second is Daniel Biederman, who led the fabulously successful renovation of Bryant Park in the early nineties and has been managing it ever since, filling it with activities, temporary structures, and retro details. “If I were the czar of Times Square design, I would do the traditional stuff: plants, kiosks, movable seating, games, programming—small touches,” Biederman says. “Most people look down as far as two feet from the ground and up to fourteen feet off the ground, so at Times Square they have a chance to waste a ton of money on a surface that nobody’s going to see.” Yet Bryant Park’s charms don’t constitute a recipe. Times Square is not a graciously bounded piazza, and it shouldn’t be a verdant oasis. It’s an accidental wedge formed by two major avenues. Seventh Avenue will keep its traffic, and so will the cross streets. Even below ground, ancient water mains, electrical lines, telephone cables, subway tunnels, and long-buried trolley tracks tangle chaotically. The square’s getting a face-lift and major surgery at the same time. Quaintness has no place here. Every bit of this area acts as a showcase of some kind. The new design is to the street what the M&M’s store is to candy and Good Morning America is to television: an urban launchpad for a global commodity. In this case, the product is the philosophy of public space preached by the Bloomberg administration’s impassioned transportation commissioner, Janette *Sadik-Khan. For decades, American cities have treated their streets as traffic conduits meant to speed cars along as efficiently as possible (which is often not very efficiently at all). Instead, the new thinking goes, they should be a flexible network equally comfortable for drivers and dawdlers, parents with strollers, cyclists, truckers, and anyone who would rather just sit for a while and rest. Until 2009, the theater district embodied the disjunction between the way streets were conceived and the way they were used, as Sadik-Khan points out with data-driven fervor. “Times Square had 137 percent more accidents and crashes than any other avenue in the area,” she says of the way she found it when she took office in 2007. “It was a hot spot of congestion. You had 356,000 people coming through on foot every day and less than 10 percent of the space allocated to pedestrians. It wasn’t working, and it was a problem that had been lying in plain sight for 200 years.” You remember: Crowds spilled over the curbs into the street, gridlock stranded taxis in the triangular crossroads, and hurried theatergoers battled through the stationary herds. The Times Square Alliance, which represents local businesses, suggested an incremental solution: Widen the sidewalks a little bit. Sadik-Khan one-upped them and completely closed five blocks of Broadway to traffic. The result was a harvest of happy data: fewer accidents, cleaner air, more satisfied survey respondents, and popular events like the Summer Solstice free yoga classes that last year attracted 6,000 people. (The 2012 edition takes place on June 20.) Clearing out cars also brought a surprising economic roar. Before, annual commercial rents in the area averaged about $800 per square foot. Last week, the eyewear emporium Oakley opened a new store, paying about $1,400 per square foot. Everyone in the Bloomberg administration is watching the countdown to the end of the mayor’s term, and Sadik-Khan’s Department of Transportation seems to be rushing to set her revolution in concrete so that her successor can’t merely paint it over. Times Square is only the most visible representative of a program that spans all five boroughs: Another 50 permanent plaza renovations are completed or in the works, from Madison Square to Myrtle Avenue in Brooklyn and Roberto Clemente Plaza in the Bronx. Uncharacteristically for a city agency, the DOT is resisting uniformity, trying to gear each project to local desires, so the Snøhetta design won’t be an archetype, but it will be a much-*scrutinized example. Tourists already make the crossroads of the world an obligatory visit, but Tim Tompkins, the president of the Times Square Alliance, wants to change both the composition of the crowds and the reasons they come. “Ten years from now, we want people to want to see what public art is happening here,” he says. There is of course the possibility that a rejuvenated Times Square will appeal to New Yorkers so intensely that it will once again become as unbearably crowded as it was before. That’s a risk the city is willing to take.
  17. Oooh that is not good: http://www.dailynk.com/english/read.php?cataId=nk00100&num=7051 http://www.dailynk.com/english/read.php?cataId=nk00400&num=7050 If they had decided to make their megalopolis somewhere reasonable in the south instead of in that sleepy little town it would be so much easier to have taken care of this problem decades ago...
  18. China's nine-day traffic jam stretches 100km (AFP) – 16 hours ago BEIJING — Thousands of vehicles were bogged down Monday in a more than 100-kilometre (62-mile) traffic jam leading to Beijing that has lasted nine days and highlights China's growing road congestion woes. The Beijing-Tibet expressway slowed to a crawl on August 14 due to a spike in traffic by cargo-bearing heavy trucks heading to the capital, and compounded by road maintenance work that began five days later, the Global Times said. The state-run newspaper said the jam between Beijing and Jining city had given birth to a mini-economy with local merchants capitalising on the stranded drivers' predicament by selling them water and food at inflated prices. That stretch of highway linking Beijing with the northern province of Hebei and the Inner Mongolia region has become increasingly prone to massive jams as the capital of more than 20 million people sucks in huge shipments of goods. Traffic slowed to a snail's pace in June and July for nearly a month, according to earlier press reports. The latest clog has been worsened by the road improvement project, made necessary by highway damage caused by a steady increase in cargo traffic, the Global Times said. China has embarked in recent years on a huge expansion of its national road system but soaring traffic periodically overwhelms the grid. The congestion was expected to last into mid-September as the road project will not be finished until then, the newspaper said. The roadway is a major artery for the supply of produce, coal and other goods to Beijing. Video: http://news.sky.com/skynews/Home/World-News/A-100km-Long-Traffic-Jam-In-Beijing-Enters-Its-Ninth-Day-And-Could-Continue-For-A-Month/Article/201008415702670?lpos=World_News_First_Home_Article_Teaser_Region_4&lid=ARTICLE_15702670_A_100km-Long_Traffic_Jam_In_Beijing_Enters_Its_Ninth_Day_And_Could_Continue_For_A_Month
  19. January 15, 2009 By PATRICK McGEEHAN The retailing of recorded music will take another step toward extinction in early April, when the Virgin Megastore in Times Square closes to make room for Forever 21, a popular chain that sells moderately priced clothing. The closing, which was announced to the store’s 200 employees this week, will leave the Virgin store on Union Square as the last Manhattan outpost of a large music chain. The future of that store has not been decided, Simon Wright, the chief executive of Virgin Entertainment Group, said on Wednesday. Stores that sell prerecorded CDs and DVDs have been done in by the popularity of digitized music that can be downloaded from the Internet onto iPods and MP3 players. But Mr. Wright said that the Times Square store, which has about 60,000 square feet of selling space, is not simply a victim of technological progress. It has remained “very, very profitable” by shifting its merchandise toward apparel and electronics, including iPods, he said, adding that those two categories accounted for about 25 percent of sales during the holiday shopping season. “Stores that rely completely on recorded music have a difficult future,” he said, “but we’ve been changing our business quite dramatically.” But the chain’s owners, two big New York-based real estate development companies, saw greater potential in leasing the prime space to Forever 21. The Virgin chain, once part of Sir Richard Branson’s business empire, has been owned since 2007 by the Related Companies and Vornado Realty Trust. It comprised 11 stores when it was acquired, but now will be down to just five, two of them in California. Virgin closed other stores late last year. The Times Square space, on the east side of Broadway near 46th Street, will be closed for at least a year before it reopens as Forever 21’s largest location. It will be combined with some adjoining space to create a 90,000-square-foot store that will be triple the size of any of Forever 21’s three current stores in Manhattan, said Lawrence Meyer, a senior vice president of Forever 21. Forever 21 is a Los Angeles-based chain that sells trendy clothing for young women and men. It competes with other moderately priced retailers like H & M and Gap stores. “This is a bigger format,” Mr. Meyer said. “It’s going to be a fashion department store. It’s going to offer a deeper assortment of women’s apparel and men’s apparel.” Mr. Meyer said the recession had not diluted his company’s enthusiasm for making a big splash in an expensive area like Times Square. He declined to specify the rent Forever 21 will pay. “We have been doing O.K. in this environment because we have always given great value to our customers,” Mr. Meyer said. “Our stores are exciting and we want to create an exciting environment in Times Square.” http://www.nytimes.com/2009/01/15/nyregion/15virgin.html?_r=1&scp=3&sq=virgin&st=cse
  20. Le pétrolier français Total envisagerait, selon une rumeur rapportée par le Financial Times, mardi, de faire l'acquisition du groupe canadien Nexen pour près de 20 milliards $. Pour en lire plus...
  21. Le New York Times Corp. discuterait avec le milliardaire Carlos Slim Helu, espérant le convaincre d'investir plusieurs centaines de millions de dollars. Pour en lire plus...
  22. Le groupe de presse américain qui détient le Los Angeles Times et le Chicago Tribune serait au bord du dépôt de bilan. Pour en lire plus...
  23. Le fonds d'investissement dit conserver le contrôle de ces deux investissements, démentant les informations du Financial Times. Pour en lire plus...