Word: bankings
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This precision will most likely prove to be UPS's best tool as it absorbs a major industry shift--the rapid rise of e-commerce. Residential delivery this year will account for about a third of domestic shipping, up from 20% in 1997, according to the investment bank Morgan Stanley. Meeting this new demand is vital for UPS, which generates roughly 60% of its revenue from the U.S. small-package market...
Passing the buck is one of the oldest and most often used traditions of democracy. At the annual World Economic Forum meeting in Davos, Switzerland last January, admonishment for bankers on one hand and praise for President Obama on the other were abundant. European Central Bank President Jean-Claude Trichet applauded the Obama administration’s intervention in the U.S. banking system and blamed bankers for “generating the biggest financial crisis since the Great Depression...
...similar to globalization, is key to promoting group interests above individual interest. In determining public policy, powerful social concepts such as linked fate can be very useful for coming up with practical and sustainable solutions. To remedy the financial whooping cough Americans are going through, policy experts, banks, municipalities, and individuals should form a community advisory board. This panel would consist of respected members of the community—small business owners, local bank executives, parents, teachers, lawyers, etc.—who would strictly advise, not mandate, whether those seeking to buy a home are capable...
Creating multiple linked fate communities for the sake of financial recovery will be tough. But if defaulting on a mortgage hurts the local bank, which in turn hurts the local businesses and the community as a whole, then all parties will be much more meticulous when it comes to making financial decisions. Real estate agents who aim to make a profit will have less incentive to be deceptive because they will shop at the same small businesses that will require loans from the local bank to operate, which in turn will require the homeowners to be current on their mortgages...
...Justice determines the matter," Bob Brown, the leader of the Australian Greens Party, said in a statement. Watson, who was named by The Guardian in 2008 as one of 50 people that could save the planet, agrees. "It's as if the Australian government has told a bunch of bank robbers, 'Look you can continue robbing banks until November, but afterward you will have to stop,'" he said. "Japan is doing something cruel and illegal. They have to be stopped...