Word: consumerized
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So far, oil's effect on Asia's economic performance has been muted. The region as a whole is projected to grow at a brisk 7% pace in 2004, according to Merrill Lynch. But economists estimate that every $5 increase in oil prices shaves 0.2% from the GDP growth of...
Little wonder that U.S. Federal Reserve Chairman Alan Greenspan warned last month that "the recent run-up in oil prices, if sustained, may exert a significant drag on Japanese economic activity." Although oil is not the only factor, Japan's robust spurt does seem to be flagging: GDP growth slowed...
For many expectant parents, nine months is just too long. Not willing to wait for the birth of their child and the accompanying flash photos, American and British parents-to-be are shelling out $200 and more to ultrasound centers with cutesy names like Prenatal Peek and Babyview for high...
That's it--no late fees, no standing in line, no walking out of the store with a movie you didn't really want to see. It's working for Netflix's 2 million U.S. subscribers, almost 1 million of whom signed up in the past year alone. In Northern...
Hastings, 43, is modest about his firm. "I'm a funny kind of guy to be running a consumer company," he says, admitting that he would just as soon discuss artificial intelligence. He thinks he can win the battle with WalMart, which launched a copycat service in 2002, and Blockbuster...