Doris Phua, chief executive of Da Vinci, answers questions during a press conference in Beijing in July, after CCTV accused it of selling fake furniture at high prices. Later, the company said it paid the CCTV reporter more than $150,000 through a public relations company to halt further stories.
Credit STR / AFP/Getty Images
In July 2011, Chinese state-run TV accused the luxury furniture retailer Da Vinci of passing off made-in-China goods as expensive Italian designer items. Now, a new report in a respected Chinese business magazine, Caixin, says the TV report was full of errors, and Da Vinci says it was blackmailed by the TV journalist.
The Da Vinci furniture company showroom in Shanghai looks like a salon in Versailles. The price tag on a gilt-covered, Italian-made grandfather clock: more than $40,000.
So it was big news last summer when China Central Television — the government's flagship network known as CCTV — reported that some of Da Vinci's ornate furniture didn't come from Italy, but from a common factory in South China.
Robert Carter, who was a key member of the legal team that convinced the U.S. Supreme Court to outlaw segregated public schools in 1954's landmark Brown v. the Board of Education decision, died Tuesday. He was 94.
According to The New York Times, "the cause was complications of a stroke, said his son John W. Carter, a justice of the New York Supreme Court in the Bronx."
Indonesia has one of the world's fastest growing economies and it's already the largest in Southeast Asia. This growth and stability recently earned it a major credit upgrade at a time when Western countries are fearful of downgrades.
Yet this vibrant economy has an Achilles' heel: its crumbling, overwhelmed infrastructure.
The problem becomes painfully apparent this time every year, when the rainy season fills commuters with dread in the capital Jakarta and many other cities.