Originally published on Thu February 7, 2013 7:07 pm
From West 24th to West 42nd Street, New York's Seventh Avenue is also known as "Fashion Avenue." It's home to major designers as well as those who are just starting out, like Ann Yee and Daniel Vosovic.
Thursday marks the beginning of New York Fashion Week, where big-name designers like Michael Kors, Anna Sui and Vera Wang will debut their Fall 2013 collections. It's part of an industry that generates billions of dollars of revenue for New York City, employing hundreds of thousands of workers. But the real business of fashion happens several blocks south of the glamorous Lincoln Center runways,in New York's Garment District.
Movies are big business in China, and 2012 was another record year: Theaters raked in about $2.7 billion, pushing China past Japan to become the world's second-largest market.
Those blistering sales were expected; China's ultimate box-office champ, however, was not.
Hollywood blockbusters usually do well in China. And last year, competition was stiff, including a new installment of Tom Cruise's Mission: Impossible franchise, as well as Skyfall, the latest James Bond flick.
Originally published on Thu February 7, 2013 6:27 pm
Iranian President Mahmoud Ahmadinejad (center) visits a uranium enrichment facility in Natanz, Iran, in 2008. Enriching uranium requires many fast-spinning centrifuges, arranged in what's called a cascade.
Iran's government on Thursday made clear it has no interest in direct talks until the U.S. eases sanctions that have been squeezing Iran's economy. But the Obama administration isn't budging and says the ball is in the Iranians' court.
The suspicion that Iran wants to make a nuclear weapon is the rationale for the sanctions as well as for veiled threats of U.S. or Israeli military action if those sanctions fail.