Word: consumerized
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Russia's economy - until recently one of the fastest growing in Europe - is in dire straits. In the first three months of this year, output fell by 10% compared with a year earlier. The World Bank now expects the economy to contract by around 8% for 2009 as a whole...
Local currency can generate customer loyalty, but not every business feels as though it can offer a discount like the one built into BerkShares. "They just aren't viable for us," says Beth Parsons, whose family owns a grocery store in Lenox, Mass. But as a consumer, she likes the...
In fact, the U.S. might turn out to be more competitive. American dominance has in recent years been a mixed blessing. Many countries got addicted to selling to American consumers and poured capital into the U.S. to keep the buying going. These inflows kept the dollar strong, making life tough...
Sometime in the near future, then, the U.S. will have to start living within its means - or at least a lot closer to them than it currently does. To keep this new American frugality from battering the global economy even more than it's been battered, somebody has to pick...
Those are the facts known to date about what, at another time and involving other people and another company, might conceivably be a relatively ordinary case of suspected industrial espionage. But the timing, the people and the company involved in this case make it anything but routine. The arrests have...