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The Bentley B05 Unitime offers travel time functions, including the Bentley collection's first world time watch.
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Breitling and Bentley Mark 10-Year Anniversary
Laurie Kahle
Posted: August 26, 2013
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<p><strong><a href="http://www.bestrepilcawatches.com">replica watches</a></strong> "It's one thing for a brand to have a marketing campaign and just associate themselves with pilots," explains Thierry Prissert, president of Breitling USA. "It's another thing to really live it, and Breitling lives it. We believe in having clients experience that world-to meet the pilots, fly with them and understand our roots." </p>
<p>For frequent fliers of the passenger variety, the Bentley B04 GMT ($11,085 in steel with rubber strap) and Bentley B05 Unitime ($13,510 in steel, $37,465 in red gold) offer travel time functions, including the Bentley collection's first world time watch.</p>
<p>The B06 ($11,770 in steel on bracelet, $32,955 in red gold on crocodile strap) stands apart for its 30-second chronograph, which was inspired by a Breitling system that was patented in 1926. The watch's central hand completes a full revolution around the dial in only 30 seconds, enhancing the precision of 1/8th-second time measurement. The rotating bezel also features an exclusive variable tachometer, which allows you to calculate average speed no matter how much time has elapsed, distance covered, or fastest speed reached. </p>
<p>All the Breitling for Bentley models take design cues from the automobiles. The knurled motif on the bezel, for example, is a Bentley hallmark. The open-worked dials of the B04 and B06 are evocative of a Bentley's radiator grill. Sapphire crystal case backs reveal a sculpted rotor in the shape of a wheel rim.</p>
<p>"This is the first year we have equipped the Bentley collection with in-house movements," says Prissert, noting how that underscores the collection's importance. In addition to having similar logos with a letter "B" and a pair of wings, Prissert says the two brands are kindred spirits. "Bentley represents the mix of a sports car and a luxury car, and Breitling is similar in that way," he adds. "The watch looks great, but it also offers great mechanical performance."</p>
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John Williams, Julie Andrews to Bring Music of the Movies to the Hollywood Bowl, 8/30-31
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Monday, August 26, 2013; 07:08 PM - by BWW News Desk
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<p>Concord Records recording artist and double-Grammy nominee Monica Mancini , daughter of famed film composer Henry Mancini and the notable studio singer Ginny O'Conner Mancini, has carved out an impressive career as a concert performer and recording artist, appearing with major symphony orchestras worldwide, including the Los Angeles Philharmonic, Chicago Symphony, New York Pops, Boston Pops, Dallas Symphony, Seattle Symphony and the BBC Concert Orchestra. To celebrate the release of the USPS Henry Mancini Commemorative Postage Stamp, Mancini kicked off an extensive 60-city tour, followed by sold-out concerts at Carnegie Hall , Walt Disney Concert Hall, Boston Symphony Hall and Tanglewood. Mancini also released the Billboard chart-topping and double Grammy-nominated album Ultimate Mancini featured some very special guest artists including Stevie Wonder , Take 6 and Tom Scott . On her latest release, I've Loved These Days on the Concord label, Mancini is paired once again with Stevie Wonder as well as Br Ian Wilson , Jackson Browne , Take 6 and others performing iconic singer-songwriter songs from the 60's accompanied by full orchestra.
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Past Articles by This Author:
Sony Unveils Three New E-Mount Lenses DIY Press Releases Hits Top 100 in PR Books on Amazon 'The Rat-boys of Karalabad' Reveals Pakistan's Begging Industry Cotopaxi MTB Challenge Biking Competition Around Ecuador's Volcano Cotopaxi is Announced, Nov 16 BWW's On This Day - August 27, 2013 Fifty Shades of Grey Publisher Announces BENEATH THE SURFACE Melissa Productions Announces Wunderkind Family Collection in Best of Summer Giveaway FlatandJuicy Launches Science eBook & App Platform on Kickstarter RosettaBooks and Franklin Covey Co. Release The 7 Habits Thoughts Series on eBook Shan Laks Releases THE TALE OF BRAVE RITCHIE for kids to Survive Elementary School
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&nbsp; Chilling Effects Clearinghouse > DMCA Notices > Notices > DMCA (Copyright) Complaint to Google (NoticeID 1141040)
DMCA (Copyright) Complaint to Google
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Google DMCA Form: Infringement Notification for Web Search <b>Contact Information</b><br>Name: [redacted]<br>Company Name: Moncler<br>Copyright holder: Moncler srl<br>Country/Region: IT <b>YOUR COPYRIGHTED WORK</b> Copyright claim #0: <br> &nbsp; The websites listed in this complaint are abusing the Moncler brand through the use of copyrighted images and logos, which are used to promote counterfeit goods on these sites. These sites are not authorized to sell Moncler apparel or use any of the copyrighted images found at moncler.com. Please let us know if you need any additional information. Thank you.<br>Original work URL(s):<br> &nbsp; http://moncler.com and http://store.moncler.com Allegedly infringing URLs:<br> &nbsp; 0. &nbsp; http://www.grhosp.on.ca/EditorDialogs/Styl...age=3<br> &nbsp; 1. &nbsp; http://www.downjackets-uk.com/<br> &nbsp; 2. &nbsp; http://www.theknottedline.us/<br> &nbsp; 3. &nbsp; http://www.nctls.org/fpp/plugins/jackets.asp?5292 <br><b>SWORN STATEMENTS</b> I have a good faith belief that use of the copyrighted materials described above as allegedly infringing is not authorized by the copyright owner, its agent, or the law.<br>[checked] The information in this notification is accurate, and I swear, under penalty of perjury, that I am the copyright owner or am authorized to act on behalf of the owner of an exclusive right that is allegedly infringed.<br>[checked] <b>SIGNATURE</b><br>Signed on this date of:<br> 08/16/2013
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<p><strong><a href="http://www.moncleroutletgoods.com">moncler outlet online</a></strong> <b>Answer</b>: In addition to informing its customers of its policies (discussed above), a service provider must follow the proper notice and takedown procedures (discussed above) and also meet several other requirements in order to qualify for exemption under the safe harbor provisions.</p> <p><p>In order to facilitate the notification process in cases of infringement, ISPs which allow users to store information on their networks, such as a web hosting service, must designate an agent that will receive the notices from copyright owners that its network contains material which infringes their intellectual property rights. The service provider must then notify the Copyright Office of the agent's name and address and make that information publicly available on its web site. [512©(2)]</p><p><p>Finally, the service provider must not have knowledge that the material or activity is infringing or of the fact that the infringing material exists on its network. [512©(1)(A)], [512(d)(1)(A)]. If it does discover such material before being contacted by the copyright owners, it is instructed to remove, or disable access to, the material itself. [512©(1)(A)(iii)], [512(d)(1)©]. The service provider must not gain any financial benefit that is attributable to the infringing material. [512©(1)(B)], [512(d)(2)].</p>
</p>
<br><b>Question:</b> <b>What are the provisions of 17 U.S.C. Section 512©(3) & 512(d)(3)?</b></p><p>
<b>Answer</b>: Section 512©(3) sets out the elements for notification under the DMCA. Subsection A (17 U.S.C. 512©(3)(A)) states that to be effective a notification must include: 1) a physical/electronic signature of a person authorized to act on behalf of the owner of the infringed right; 2) identification of the copyrighted works claimed to have been infringed; 3) identification of the material that is claimed to be infringing or to be the subject of infringing activity and that is to be removed; 4) information reasonably sufficient to permit the service provider to contact the complaining party (e.g., the address, telephone number, or email address); 5) a statement that the complaining party has a good faith belief that use of the material is not authorized by the copyright owner; and 6) a statement that information in the complaint is accurate and that the complaining party is authorized to act on behalf of the copyright owner. Subsection B (17 U.S.C. 512©(3)(B)) states that if the complaining party does not substantially comply with these requirements the notice will not serve as actual notice for the purpose of Section 512.<p>Section 512(d)(3), which applies to "information location tools" such as search engines and directories, incorporates the above requirements; however, instead of the identification of the allegedly infringing material, the notification must identify the reference or link to the material claimed to be infringing.
</p>
<br><b>Question:</b> <b>Does a service provider have to follow the safe harbor procedures?</b></p><p>
<b>Answer</b>: No. An ISP may choose not to follow the DMCA takedown process, and do without the safe harbor. If it would not be liable under pre-DMCA copyright law (for example, because it is not contributorily or vicariously liable, or because there is no underlying copyright infringement), it can still raise those same defenses if it is sued.
</p>
<br><b>Question:</b> <b>How do I file a DMCA counter-notice?</b></p><p>
<b>Answer</b>: If you believe your material was removed because of mistake or misidentification, you can file a "counter notification" asking the service provider to put it back up. Chilling Effects offers a form to build your own counter-notice.
</p>
<p><br>For more information on the DMCA Safe Harbors, see the FAQs on DMCA Safe Harbor. For more information on Copyright and defenses to copyright infringement, see Copyright.
</p>
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Why does a search engine get DMCA takedown notices for materials in its search listings?
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Tiffany, Williams-Sonoma Headline Wednesday Earnings By Richard Suttmeier | TheStreet.com &ndash; 23 hours ago
RELATED QUOTES Symbol Price Change CHS 15.58 EXPR 20.02 GES 28.06 TFM 55.02 TIF 81.67
NEW YORK (TheStreet) -- Today we preview eight retail-oriented companies that report quarterly results on Tuesday and Wednesday. The six that are buy-rated according to ValuEngine are in the retail-wholesale sector. The two that are hold-rated are in the consumer discretionary sector. tiffany Stocks begin the week under the fundamental backdrop of a continued ValuEngine valuation warning with 75.9% of all stocks overvalued, 43% by 20% or move. The retail-wholesale sector is 24.7% overvalued with the consumer discretionary sector 24.9% overvalued.
tiffany jewelry outlet In the equity markets the major averages show mixed weekly chart profiles. The Dow Industrial Average ended last week with a negative weekly chart profile, but not the other major averages. The S&P 500 is below its five-week modified moving average, but its weekly momentum remains overbought. The Nasdaq and Russell 2000 ended the week positive but overbought. Dow transports ended the week with a neutral weekly chart profile, a close above its five-week MMA but with declining momentum. All five must have negative weekly chart profiles to signal that the early-August highs are cycle highs. Without these signals, new highs are likely in September.
tiffany and co outlet Four of the eight stocks are overvalued by more than 20%. Two stocks are down 8.9% to 12.7% over the last 12 months, while five gained more than 20%. Two are trading below their 200-day simple moving averages, while five show risk of a reversion to the mean by being above their 200-day SMAs. The eighth stock tested its 200-day SMA on weakness last week.
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Reading the Table
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OV/UN Valued: Stocks with a red number are undervalued by this percentage. Those with a black number are overvalued by that percentage according to ValuEngine.
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VE Rating: A "1-engine" rating is a strong sell, a "2-engine" rating is a sell, a "3-engine" rating is a hold, a "4-engine" rating is a buy and a "5-engine" rating is a strong buy.
Last 12-Month Return (%): Stocks with a red number declined by that percentage over the last 12 months. Stocks with a black number increased by that percentage.
Forecast 1-Year Return: Stocks with a red number are projected to decline by that percentage over the next 12 months. Stocks with a black number in the table are projected to move higher by that percentage over the next 12 months.
Value Level: Price at which to enter a GTC limit order to buy on weakness. The letters mean; W-weekly, M-monthly, Q-quarterly, S-semiannual and A-annual.
Pivot: A level between a value level and risky level that should be a magnet during the time frame noted.
Read: McDonald's Now on the Value Menu
Risky Level: Price at which to enter a GTC limit order to sell on strength.
Private label casual clothing retailer Chico's FAS
($15.75) traded to a new 52-week low at $15.37 on Friday. My annual value level is $11.01 with a quarterly pivot is $15.88 and annual risky level at $16.25.
Specialty retailer of both woman's and men's apparel Express
($19.44) set its 2013 high at $23.25 on Aug. 1. My quarterly value level is $16.65 with a weekly risky level $21.80.
The designer of casual apparel, Guess
($28.21) set its 2013 high at $34.36 on Aug. 5 then fell to its 200-day simple moving average at $28.04 on Friday. My quarterly value level is $15.00 with a weekly risky level at $31.78.
Perishable food retailer Fresh Market
($55.15) set its 2013 high at $57.16 on Aug. 13 then held its 50-day SMA at $52.71 on Aug. 19. My monthly value level is $44.20 with a quarterly pivot at $56.85 and weekly risky level at $58.05.
Jewelry chain Tiffany
($82.00) set a multi-year high at $82.84 on Aug. 14. My annual value level is $64.34 with a monthly pivot at $83.93 and semiannual risky level at $86.69.
Read: As Car Sales Drop, Owner Loaning Takes Flight
The provider of the first commercially available digital video recorder TIVO
($11.33) set a 2013 low at $10.47 on Aug. 19 then rebounded to a close above its 50-day SMA at $11.18 on Friday. My quarterly value level is $11.00 with an annual pivot at $11.49 and monthly risky level at $12.35.
Specialty retailer Williams-Sonoma
($58.74) set a multi-year high at $61.38 on Aug. 5 then held its 50-day SMA at $58.01 at Friday's low. My quarterly value level is $50.79 with a semiannual pivot at $59.42 and a weekly risky level at $61.81.
Read: Airlines Still Live on the Edge
Jewelry retailer Zale
($8.99) set a multi-year high at $10.49 on Aug. 14.but closed Friday below its 50-day SMA at $9.14. My monthly value level is $7.72 with a weekly risky level at $9.13.
At the time of publication the author held no positions in any of the stocks mentioned.
Follow @Suttmeier
This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.
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The 5 Best Luxury SUVs of 2013
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Independent market research, commentary, analysis and news. Learn more.
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Next Article: Globalisation extends crime groups' reach
Brazen heist shows Pink Panther hints
By Colin Randall
5:30 AM Wednesday Jul 31, 2013

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Theft of more than $150 million of jewellery raises theories on return of notorious gang. <p><strong><a href="http://www.cartierwatches.org">cartier</a></strong>
<p><strong><a href="http://www.cartierwatches.org">swiss replica cartier watches</a></strong> Just when crime, Cote d'Azur style, was beginning to look a little low-rent, along comes a big, old-fashioned jewellery heist to restore the louche glamour of one of the world's favourite holiday playgrounds.</p> <p><strong><a href="http://www.cartierwatches.org">Replica Cartier Watch Shop</a></strong> French police have lately been bemoaning an outbreak of delinquency involving young men bringing lawless ways from the banlieues of Paris and other big cities to the Mediterranean.</p> <p><strong><a href="http://www.cartierwatches.org">buy cartier replica</a></strong> But a jewellery raid reminiscent of Alfred Hitchcock's 1955 Hollywood thriller To Catch a Thief , following two similar robberies on the Riviera in May, is closer to what Somerset Maugham had in mind when describing "a sunny place for shady people".</p> <p><strong><a href="http://www.cartierwatches.org">cartier watch replica sale</a></strong> The latest estimate suggests that Monday's theft yielded a haul of US$136 million ($169 million). It took no more than a solitary thief, armed with a handgun, to slip through a half-open window into the plush Carlton Intercontinental Hotel, on the Croisette promenade of Cannes, and help himself to diamonds and other gems.</p> <p><strong><a href="http://www.cartierwatches.org">cartier watches women</a></strong> Wearing dark clothes, a cap and scarf, he appears to have struck as unarmed security men were transferring valuables from a safe to display chests. He completed his crime in less than a minute, stuffing earrings and studded rings into a briefcase before coolly escaping on foot, dropping a few items in the process, according to French reports.</p>
<p>Hotel video cameras are being examined for clues and, despite the apparent simplicity of the robber's operation, there is every possibility he was working with others. The heist follows the escapes from Swiss jails of three members of the so-called Pink Panther gang of jewel thieves. Last Friday, Milan Poparic, 34, serving six years, fled with a kidnapper as accomplices fired assault rifles to provide cover.</p> <p>The jewellery was exhibited in a former gourmet restaurant on the Carlton's ground floor by Leviev, the multinational diamond house.</p> <p>Experience shows that determined jewel thieves need little encouragement to regard valuable gems on the Cote d'Azur as fair game. At this year's Cannes Film Festival, jewels worth almost 1 million ($1.9 million), intended to adorn visiting film stars on the red carpet, were stolen from a Chopard representative's suite in a Novotel hotel. Access was gained by forcing open a connecting door from an unoccupied neighbouring room.</p> <p>Less than a week later, a Grisogono necklace created to mark the Swiss house's 20th anniversary - and worth almost twice as much as the gems taken from the Novotel - vanished during a festival party in a hotel at nearby Antibes.</p> <p>Chopard jewels had been targeted three years earlier, in a raid at the company's Cannes boutique, and the Pink Panther gang was blamed for a 2005 snatch in Saint-Tropez of gems worth nearly 2 million. That took 75 seconds, with the thieves escaping by boat.</p> <p>The well-connected Nice-Matin cited a source close to the investigation as noting that the gems stolen on Monday were insured for only half their true value. The Carlton's director-general, Francois Chopinet, was quick to declare that no client or employee was implicated in the incident</p> <p>But what happens to the stolen gems if the police fail to recover them? Opinion seems divided on whether precious diamonds are easier to steal than to sell on. One French television report suggested the thieves could expect to receive only a small proportion of the gems' worth and would almost certainly have to modify them.</p> <p>On the other hand, some authorities on jewellery crime argue that disposal is not as tricky as might be imagined. Among these is Scott Andrew Selby, co-author of Flawless: Inside the Largest Diamond Heist in History, about the theft of stones valued at US$500 million in Antwerp. The robbery, in 2003, was attributed to a gang of Italian thieves known as the School of Turin.</p> <p>Writing in Foreign Policy in February, Selby wrote that it worked in the criminals' favour that in the complex, busy world of gem trading, one diamond could change hands several times in a day. "And not everyone keeps clear records. By the time someone realises that they're in possession of a stolen stone, it could have passed through dozens of hands, leaving the trail too cold for police to be able to track it back to the original trader who bought it off the thieves."</p> <p>No gangsters are more adept at finding a market and covering tracks than the Pink Panthers. If the Carlton heist does turn out to have been their work, it will add to the mystique of a band of criminals whose exploits date from 1993 and, on more extravagant assessments, account for 150 robberies in 10 or more countries, netting total proceeds of 325 million. "The brazen drama of it is their style," said Jonathan Sazonoff, US editor of the Museum Security Network website. "The theft of high value diamonds is what they do, so it's not a great leap to assume they are on the warpath again. They are a crime wave waiting to happen."</p> <p> Raiding the Cote d'Azur </p> <p> May 23, 2013: Thieves steal a de Grisogono necklace worth 2 million ($3.3 million) from a celebrity party during the Cannes festival. A few days earlier, 1 million worth of gems belonging to Swiss jeweller Chopard were taken from the safe of a hotel bedroom of an American employee.</p> <p> May 28, 2010: Armed robbers walk off with 7 million in gems after taking a jewel wholesaler and his family hostage in a town near Marseille.</p> <p> July 13, 2009: Three men seize 15 million of jewels in an armed robbery at a branch of Cartier in Cannes.</p> <p> August 30, 2005: International criminal gang the Pink Panthers steal watches and jewels worth 2 million from jeweller Julian in Saint-Tropez.</p> <p> September 20, 2002: Two armed men grab 3 million worth of gems from a jeweller on the Croisette promenade in Cannes.</p> <p>- AFP</p>
- Daily Telegraph UK
</p>
By Colin Randall
Official: Cannes diamond heist actually nets $136M Can we steal it? Yes we Cannes $65m jewel heist in Cannes
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Asia’s mega-mall boom is headed toward bust
August 27, 2013
<a href="http://www.bagsguccistoer.com">gucci bags</a> When the United States was choosing a location in Indonesia for its first @America cultural center —a new, interactive, social-media focused face of diplomacy—it decided to stay far away from the embassies of the city center. A stand-alone building would be too inconspicuous in dense, traffic-clogged Jakarta. What it needed was a space near heavy foot-traffic, ready parking, and good name recognition.
gucci bags The final choice? The third floor of the vast, air-conditioned, luxurious, Pacific Place Mall in south Jakarta.
gucci messenger bags East Asia’s gigantic developing megalopolises—Beijing, Shanghai, Jakarta, Manila, Bangkok, and Saigon—are building vast new urban landscapes centered on what was once the purview of suburban America: the indoor, privately-owned shopping mall, the sizes of which are beyond anything in the global north.
<a href="http://www.bagsguccistoer.com">gucci bags</a> In modern economics, a developing country’s middle class is defined by its ability to consume at levels at or near those of the US, Japan, or Europe. Asia’s new malls are bubbles of modernity, built on vast scales as symbols of this growing class. They are meeting spaces, glossy, air-conditioned indoor parks, where you can ignore the air pollution, poverty, and heat of the real world.
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A brief history
gucci online In 1992, the year Bill Clinton was elected president, the largest mall in the world, the Mall of America, opened outside of Minneapolis, Minnesota. It was a behemoth that quickly became one of the top tourist destinations in the country and also a symbol of American consumer excess. On the outside, it was just a large, ugly square surrounded by football fields of parking lots, but that was not the point. What mattered was what was inside: over 200 shops, an amusement park, 14 screens of cinemas, and a giant food court with every single American fast-food option. The richest country in the world had built a symbol for its own version of modernity.
It was also in the early ’90s that China’s massive economic expansion began, joining the Asian Tigers of Singapore, South Korea, Malaysia and Taiwan to form the world’s second engine of growth. However, it wasn’t until the onset of the new millennium, after the 1997 financial crisis that Asia really took off with Indonesia, Vietnam, and the Philippines rapidly developing. Then, the malls became bigger and bigger. Today, there are 18 malls in Asia (and one in Canada) larger than the Mall of America, with several more under construction.

The new public space
It is not only the size but also the sheer number of malls that is mind-boggling. The boom has transformed Indonesia’s capital, Jakarta, into the proud owner of over 170 shopping malls, the most in the world.
These malls have been built on what were once parks. As recently as 1983, the city still had 35% of its land in open, green areas. Today, according to Green Map Jakarta, that number has dropped to an astounding 6%, one of the lowest in the world. 
When Jakartans go for a walk, they have few options beside the malls. Sidewalks are non-existent, overtaken by motorcycles or vendors, the parks are gone, and getting in and out of the city to the countryside a nightmare. As the urban heat effect and lack of trees make Jakarta both hotter and drier, the malls become a refuge of air-conditioning (from reliable, generator-sourced electricity) for a population increasingly more accustomed to living in a climate-controlled world.
As money flows into real estate from foreign investors and revenue from Indonesia’s rich natural resources, the construction boom continues. Cheap money is turned into malls, often built right beside each other. There’s the question whether such high demand even exists. Grand Indonesia, a vast complex build not far from Monas, Indonesia’s towering national monument, offered free rent for a time to many of its tenants in order to keep them from moving elsewhere.
That means that today in Jakarta, the poor can actually pay more for housing (on average $20-$60 per square meter) than multinational chains like Gucci, Prada, or Gap pay for retail space, which can be $50 a month per square meter at the few top malls and nearly nothing at less popular ones.
In China, home to the world’s largest ( and mostly empty ) mall, the boom is leading to such a high vacancy rate that many malls have not only been waiving rent, but actually paying retailers like H&amp;M and Zara to move in.
There are speculations that China’s mall boom has been funded by easy credit, lax central oversight, and corruption. Despite high vacancy rates and numerous “ghost malls,” China still has more new malls in development than any other country in the world, by a wide margin . This is the real estate bubble that may be the cause of China’s recent slowdown. Profit margins are thin, despite China’s growing middle class, though international brands are cashing in on the newly rich’s love of high-end goods. China is soon expected to overtake Japan and the United States as the world’s top luxury market.
The city of malls
But it is Singapore, Asia’s crowning economic jewel, which has the world’s shopping mecca—Orchard Road, a street where 22 malls are lined up one against another for over a mile. The street is in a perpetual state of flux, as malls constantly remodel, rebuild, and renovate in order attract customers. Most are owned by conglomerates like CapitaMalls Asia, which operates over 100 malls in Asia. The vast crowds on the street are a mix of locals, but mostly, tourists from Europe, China, and neighboring countries, attracted by Singapore’s status as a trade hub, its low sales tax, and access to the widest variety of luxury goods in Asia.
That’s how vacancy rates stay low, and the malls, amazingly, stay profitable.
Singapore, however, is a small country in a strategic location alongside the world’s busiest shipping route, the Straits of Malacca. It is also a regional hub for trade and investment, and its malls, not to mention vast land reclamation projects and glistening new skyscrapers, are funded by foreign investors who see the country as a safe investment. While this model might work here, it is ill-fitted for larger, more economically diverse countries like China and Indonesia. Hence, empty mega-malls in Dongguan, and bare-bones rents in Jakarta. No matter how fast China’s middle class grows, it cannot sustain a city like Chengdu having four times as many malls as similarly sized Los Angeles. Despite government attempts to spur consumer spending, retail sales are already slowing . Foreign luxury brands are making money, but margins are thin, or negative, at stores targeting middle and lower-class Chinese.
All this evidence points to the fact that peak-mall in Asia may be closer than people think. In Jakarta, despite the crowds that pack Pacific Place and its now popular @America center every weekend, the young, consumer-savvy urban population is seeking something different. In one of this first decisions after being elected, the new, young, and incredibly popular Mayor of Jakarta, Joko Widodo, whose no-nonsense attitude and unwavering dedication to fighting corruption have many calling him “Indonesia’s Obama,” put in place a moratorium on new shopping malls, a decision received with popular support.
The reality that malls and consumerism only cater to a small percentage of the population is becoming more and more apparent. Remember—Asia’s economic growth was built on manufacturing and natural resources. It’s the transition to an American-style consumer economy that is faltering, perhaps because that mode—built in an era of cheap oil and plentiful space—is untenable in today’s world. What is now needed is sustainable consumption, one in which assets are spent not on giant shopping malls, but health, the environment, and transportation. China, Indonesia the Philippines, and China might be leading the world in malls, but they rank a paltry 101st, 114th, and 121st, respectively, in the United Nations Human Development Index country rankings.
Here, shopping malls are not symbols of a developed economy, but of misplaced priorities and inefficiencies, surface monuments trying to hide the darker reality.
In the coming years, expect Asia’s economic reality to come in balance. Until then, we’ll see how many more giant, empty malls it will take before development priorities finally change.
You can follow Nithin on Twitter at  @excinit . We welcome your comments at  ideas@ . 
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