Word: celling
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...There's much still to be done, but the good news is that creative capitalism is already with us. Some corporations have identified brand-new markets among the poor for life-changing technologies like cell phones. Others - sometimes with a nudge from activists - have seen how they can do good and do well at the same time. To take a real-world example, a few years ago I was sitting in a bar with Bono, and frankly, I thought he was a little nuts. It was late, we'd had a few drinks, and Bono was all fired up over...
...Cell phones are another example. They're now a booming market in the developing world, but historically, companies vastly underestimated their potential. In 2000, when Vodafone bought a large stake in a Kenyan cell-phone company, it figured that the market in Kenya would max out at 400,000 users. Today that company, Safaricom, has more than 10 million. The company has done it by finding creative ways to serve low-income Kenyans. Its customers are charged by the second rather than by the minute, for example, which keeps down the cost. Safaricom is making a profit...
...companies, like Merck and GlaxoSmithKline, are already doing this. The Japanese company Sumitomo Chemical shared some of its technology with a Tanzanian textile company, helping it produce millions of bed nets, which are crucial tools in the fight to eradicate malaria. Other companies are doing the same in food, cell phones and banking...
...year high, but you wouldn't know that as you walk around the Infiniti Mall in Andheri, a Mumbai suburb. The young men and women - many of whom are aspiring models and film stars (the Bollywood studios are not far from here) - are crowding in with their cell phones and laptops, and the place looks as busy as ever...
...Even if Senator John McCain wins the presidency, more legislation would likely be enacted; not only does the Republican agree with Democrats on key issues such as global warming, immigration and stem-cell research, but he has spent nearly three decades in the Senate. McCain has said that if elected, he would move to pass $1 trillion in corporate tax cuts and make Bush's income tax cuts permanent, cut wasteful government spending and pass a gas tax holiday, and seek to allow offshore drilling to help ease the energy crisis - almost none of which has support from Democrats. Obama...