Word: consumerized
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In the past, fake drugs received relatively little attention, partly because the worst abuses were confined to developing countries and partly because drug companies wouldn't talk about the problem for fear of undermining trust in their brands. But recent high-profile incidents are changing that attitude of reticence. In...
Fake drugs are a consumer rip-off. But are they dangerous, too? According to Santoso, 60% consist mainly of benign ingredients such as rice powder or talcum powder. They won't harm people, but they won't cure them either-and that can sometimes be just as deadly. In 1995...
But investigators, industry executives and government agents complain there are still not enough resources to contain drug pirates and that light penalties for those convicted of counterfeiting are no deterrent. Recently, the owner of a Beijing-based company arrested for selling fake Viagra and exporting it to the U.S. was...
Throughout the history of modern Asia, the Fed has been the only central bank that really matters. That's true partly because the Fed, by controlling borrowing costs, holds sway over the credit-loving American consumer, long the principal driver of Asia's external demand. In my view, Asia is...
Only a year ago, Fed chief Alan Greenspan openly fretted about deflation, a debilitating condition in which prices throughout the economy fall, wreaking havoc on profits, job creation and wages. That threat has clearly passed. Gasoline prices have jumped 20% this year. Other things are getting more expensive too, including...