Word: backings
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Walmart didn't stop there. It unveiled plans to sell 100 toys for $10 apiece, roll back prices 20% to 30% on more than 100 other toys and aggressively mark down prices on DVDs, video games and other electronics even before Black Friday. Its push into electronics comes as the sector faces fewer competitors as a result of the demise of Circuit City and Tweeter over the past year. "We will not be beaten on price," said Eduardo Castro-Wright, vice chairman of Walmart Stores Inc., during the company's annual investor meeting last month. Anticipating a crush of early...
...rain forests is a big contributor to the black-carbon load. Next, diesel filters in cars can be upgraded, and biomass-burning stoves can be exchanged for technology that uses solar power or natural gas. These changes will cost money, but they should be cheaper than decarbonization. And cutting back on black carbon will also pay immediate health dividends, with less air pollution and fewer deaths from respiratory diseases. We might even be able to see the sky in New Delhi again...
Some economists believe that given its stage of development, China spends too much on expensive items like high-speed rail lines. But step back from the individual infrastructure projects and the debates about whether a given investment is necessary, and what's palpable in China is the sense of forward motion, of energy. No foreigner - at least not one I've met in five years of living here - even bothers denying it. And the Chinese take it for granted. When a brand-new six-lane highway opened in suburban Shanghai in October, Zhong Li Ping, who shuttles migrant workers...
...seems few people knew how badly he was suffering. In an interview with the German soccer magazine 11 Freunde, however, Enke did give a hint of just how much he was holding back: "When speaking with the press, I always have two opinions. My personal feelings, and those which I serve to the public...
...this is the natural arc of a huge, fast-growing country in the process of modernization. The U.S. in the late 19th century was nothing if not what Intel's Maloney would call an IMBY country. America was ambitious. There's no secret formula to help the nation get back its zeal for what it used to enthusiastically and sincerely call progress. But even though the U.S. is a mature, developed country, many economists believe it has shortchanged infrastructure investment for decades. It possibly did so again in this year's stimulus package. Just $144 billion of the $787 billion...