Word: affluently
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...protests that began as peaceful vigils for the victims have become platforms for the recently dormant opposition movement. On Wednesday night, troops responded with tear gas and rubber bullets as protesters blocked a major highway in eastern Caracas and set trash bins and tires afire in an affluent neighborhood. "This doesn't solve the [security] problem, but it mobilizes people," said Jostan Carvajal, a doctor who held rocks in his hand while other protesters threw objects toward the National Guard. "I think this will be a little spark that will restart the opposition movement...
...What's changing, of course, is India's demographic makeup as the nation's booming economy mints a critical mass of newly affluent consumers. Last year, the average Indian salary surged 14% (18% for IT professionals), the highest wage growth in Asia, according to a study by Hewitt Associates, a global human-resources company. There are now about 1.6 million Indian households that spend an average of $9,000 a year on luxury goods, according to The Knowledge Company, a management-consulting firm in New Delhi. "With multi-income families and increasing international exposure through travel and the Internet...
Destination clubs have enjoyed robust growth, fueled by affluent baby boomers, who are opting to join clubs that give them a choice of world getaways rather than buying the traditional second home. The clubs have been around only since the late 1990s, when Tanner & Haley pioneered the concept. There are now 18 in the U.S., each with about 30 properties. Members pay an average $230,000 to join and $15,000 in annual dues, says Dick Ragatz, president of Ragatz Associates, a resort-industry consultant in Eugene, Ore. Some clubs are doubling their membership each year and have been unable...
...Internet is an increasingly popular shopping destination. Affluent adult Americans surveyed estimate that about a quarter of their clothing and accessories were bought online. Nearly all?95%?have made an online purchase in the past year...
...India. In comparison with the Nimbus deal, TV rights to three years of English cricket went for $384 million last summer, to Rupert Murdoch's British Sky Broadcasting. Nimbus' record-breaking offer is indicative of unimaginable sums of money that Indian cricket, with its vast and ever more affluent fan base, is able to attract. "The passion that India has for the game is greater than any other country has for any sport," says International Cricket Council (ICC) chief executive Malcolm Speed. "Factor in the billion-plus population and an economy growing by 7 to 8%?and what that means...