Word: demands
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Such conspicuous revelry has turned India's wedding- planning industry into a $10 billion market and has stoked a consumer boom that coincides with the November-February marriage season. Commodity analysts say Indian demand for gold wedding jewelry helped lift the metal's price to a 25-year high last month. Among the beneficiaries are entrepreneurs like Neeta Raheja, who runs a wedding-planning company called Creative Explosions. The firm organizes weddings that range from $20,000 (the average cost of a wedding blast in the U.S.) to $2 million, which gets you hand-painted invitations by artist M.F. Husain...
Lurking in the background, however, are the usual suspects, threats as familiar and ominous as the Three Bears. The worldwide supply of oil can barely keep pace with the huge surge in demand that has been driving up prices to more than $60 per bbl.--which puts supply at the mercy of politically fickle energy producers like Russia and Iran. "We will have some shocks because supply is so tight," warned Zhu Min, executive assistant president of the Bank of China. He also expects a surge in volatility in financial markets this year and, like the other panelists, worries about...
...interdependent economic relationship on a more balanced footing. In that scenario, the U.S. would curb consumption and start saving more, while the Chinese--who have been buying hundreds of billions of dollars of U.S. securities, especially U.S. Treasury bonds--would save less and do more to boost their domestic demand. That would go a long way toward reducing the U.S.'s $800 billion current account deficit without harming world economic growth...
Japan seems more resilient too, under the leadership of Prime Minister Junichiro Koizumi. He has been pushing to cut the nation's red tape and deregulate the economy. December figures suggested that the reforms are helping to restore confidence: exports rose 17.5% while imports surged 27%, reflecting healthy domestic demand as well as higher oil prices. Overall, the Japanese economy grew 2.6% in 2005, and despite a huge budget deficit and heavy debt, most forecasters expect it to grow at least 2.2% this year...
Well into her second semester at Harvard, Sally still struggles with her new classes. Yet, whilst the great majority of our seminar students continue with the same class this term, she decided she could not do it anymore. For this not to repeat itself, it is only fair to demand the tools for someone to truly access education, and cross her own gates toward “growing in wisdom...