Word: creditably
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...Democrats won the Social Security battle Pelosi's way. That earned her credit with her colleagues, who have embraced her overall strategy. Throughout the past year, Pelosi has demanded that Democrats unanimously oppose G.O.P. bills. By denying the G.O.P votes from across the aisle, Democrats have forced moderate Republicans to back bills like those cutting Medicaid and other social programs that fiscally conservative Republicans have insisted on, votes for which Democrats have then attacked moderate Republicans in television ads. Pelosi has also ordered Democrats not to work on bills or even hold press conferences with Republicans whom the party...
...President of Ralph Lauren, was inspired to develop similar screens, but with a retail spin - his version would be implanted behind a store's glass window and would be touch sensitive, allowing window shoppers to interactively browse through Lauren merchandise and purchase what they saw using a built in credit-card swiper. The first of these screens was inaugurated on August 7th at the Polo Ralph Lauren flagship store in Manhattan. It is operative and manned by a security guard 24 hours a day, according to Lauren, and purchases are shipped directly to consumers' homes. Canadian company, Brookview Technologies constructed...
...Such offbeat offerings indicate the growing need for private banks to distinguish themselves from competitors in a fragmented market that's ferociously competitive. The largest global private banks in Asia are UBS, Credit Suisse, HSBC and Citigroup, but there are scores of others, and no single player is dominant?Citigroup, which manages roughly $70 billion in Asian private-banking assets, is one of the top-three regional players, yet it still controls just 3-4% of the Asia market. With customers up for grabs, selling services can be about marketing the sizzle?bragging rights and a sense of privilege...
...biggest challenge for now is not, in fact, attracting clients but finding and training enough qualified staff to service them. Asian private bankers differ from their European counterparts, according to Credit Suisse industry analysts. They tend to be relatively young (average age: 35). Yet, because of the proliferation of esoteric investment choices, their work is becoming more complex than ever before. "The technology in private banking has evolved tremendously," says SocG?n's Truchi, exacerbating the need for more sophisticated bankers. "It's gone from simple brokerage services to hedge funds and derivatives." Says BCG's Scott: "The biggest pitfall...
...talent. Industry consolidation may be the inevitable endgame. Only the biggest banks will be able to satisfy the growing salary demands of private bankers, so middle-tier players may gradually be squeezed out. "The big will only get bigger," says Didier von Daeniken, head of private banking for Credit Suisse in Southeast Asia. "As a middle player, it's not easy to make money because [staffing] costs have risen...