Word: chunks
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...good chunk of this growth is driven by people under 30, the ones who can spend money until at least 7 a.m., apparently with no significant stomach problems. Peter Morton, 56, the first to see that youth was an untapped market, in 1995 built the Hard Rock Hotel & Casino in the middle of the sagebrush off the Strip. "It was totally intuitive," he says. That demo is funding the Richard Meier--designed tower he's building later this year. "Our demographics studies have shown that young people who come to Vegas are better educated, have more disposable income...
...city. Luxury shops - Louis Vuitton, Gucci, Armani, Dior - are so common that they seem practically like Gaps in Vegas. Just down the Strip from the Venetian, home to the Guggenheim Hermitage Museum, the Bellagio houses a gallery that shows works from the Museum of Fine Arts, Boston. A good chunk of Vegas' growth is driven by people under 30, the ones who can spend money until at least 7 a.m., apparently with no significant stomach problems. Peter Morton, 56, the first to see that youth was an untapped market, built the Hard Rock Hotel & Casino in the middle...
...flat-screen televisions and other leading-edge gadgets. LG.Philips LCD, a joint venture formed in 1999 with the Netherlands' Royal Philips Electronics, became the world's biggest maker of the lcd panels used in flat-screen TVs and monitors in 2003, with 22% of the global market. A good chunk of those are sold in Europe. According to the Austin, Texas-based market research firm DisplaySearch, about 40% of all lcd monitors and 30% of all lcd TVs are sold in Europe; this year LG expects to sell about $5 billion worth of goods there. Small wonder, then, that...
...when she retires. She enjoys traveling and takes sculpture classes, but only once in her life has she bought something on credit - a secondhand car. "I'm my own Finance Minister," she jokes. "I don't run up debt." Still, if the state didn't take such a big chunk of her income every month, she says she would spend more rather than squirreling it away. Multiply Moser's lament across 42 million German workers and it's easy to see how high taxes hamper consumer spending and bog down the country's economy. Indeed, having to pay more taxes...
...charity. They're doing it to shore up the dollar and prevent their own currencies from appreciating; this is making their exports cheaper and more appealing to American consumers. One result is that Japan and China have been running enormous trade surpluses with America. They have then reinvested a chunk of that surplus in U.S. bonds. Trans-Pacific trade is thus starting to look like that theoretical impossibility, a perpetual-motion machine: America pays for Asian goods with borrowed money, then Asia uses the profits from these sales to lend more money to its favorite customer. It's a deal...