Word: consumerized
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The stimulus package is a step toward the realization of an economic growth plan unveiled by Aso on Thursday. His strategy aims to create as many as 2 million jobs and as much as $597 billion in domestic demand over the next three years, with additional gains though 2010. The...
"My feeling is that China can't help other countries in the region," says Michael Pettis, a finance professor at Peking University. He says that China's trade surplus rose 42% on an annualized basis to a record $19 billion last month, despite the fact that the country's exports...
Even so, not every shareholder is thrilled at the prospect of selling to the Chinese. Chinalco is a huge consumer of iron ore, and mining companies fear that the investment in Rio Tinto could give China more influence over the price. During the boom years, when Chinese companies' appetite for...
From the bubbly freshman to the cultured senior, Harvard girls (er...firms) are intelligent, attractive, and successful. They have many things to offer to the consumer, including companionship to date events, help on Ec-10 problem sets, and a lifetime of love and happy times--or at least as many...
Paul Krugman, the devil’s advocate on the left, tells us that we need more stimulus. Now is exactly the time when we should want to suspend regressive taxes and put money back in the hands of low- and middle-income families to spur household consumption. While economists...