Word: consumerized
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According to a study released in February by the U.S. Department of Energy, China, the world?s second-largest consumer of energy (after the U.S.), is importing 48% of the 6.5 million barrels of oil it uses per day. China buys 16.8% of its imported oil from Saudia Arabia and...
The real threat to banks, say Wal-Mart supporters, is that the company might someday attack the financial industry's juicy fee structure. Even a critic like Jorde concedes that if Wal-Mart were to offer savings accounts and consumer loans at its usual rock-bottom prices, "the cost of...
The current global economic expansion, which began in the U.S. in November 2001, is unusual in one major aspect: for the first time in modern history, China and increasingly India, the world's two most populous countries, are factors in the global economy. Nobody paid any attention to them during...
In Manhattan's trendy Soho district, rock star Lenny Kravitz peers down from an 18-m-wide billboard for Absolut vodka, holding in his outstretched arms what appears to be a digital cable with bottle-shaped plugs. This isn't just the physical manifestation of the vodkamaker's latest hip...
Central banks everywhere have been following the Fed's lead?even the Bank of Japan, which kept rates near zero for years to try to kick start businesses and consumer spending, has finally conceded that it's time to hike rates?which is why many analysts believe the stock-market...