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...smart people here, but you don’t have to go out of your way to show that you are just like everyone else. I know it’s hard to deal with the fact that some of your fellow classmates have memorized the first 100 digits of pi while you still struggle to memorize your three digit mailbox number. It may seem like everyone in your calculus class can divide by zero except for you, but keep things in perspective. Remember that no matter how impressive other Harvard students appear, no one is perfect. Except...
Competitors could certainly copy the Xilion, but building the machines to produce high volumes?Swarovski says its loose-stone production is in the double-digit billions?is the obstacle. "You could hire 200,000 people in China, and they would do the same quantity for probably a lower price," says Buchbauer. "But you could never, ever come out with the same quality. You could never achieve the same standardization...
...Indeed, Asia is minting more millionaires at a faster rate than just about anywhere else. The number of Indians and South Koreans achieving millionairedom last year surged a remarkable 19.3% and 21.3%, respectively, while Indonesia and Hong Kong recorded double-digit growth. The wealth of millonaires in the region is expected to grow 6.7% a year through 2010, according to the report, compared with 3.7% for Europe. Roman Scott, a vice president at Boston Consulting Group (BCG) in Singapore, says the soaring economies of China and India are behind the boom: "If you open up economies for two billion people...
...then had to wait up to six years for prices to hit their previous peak. Robert Shiller, a Yale economist who has long warned of a bubble, thinks price stagnation (or worse) is here to stay but that Americans don't want to believe it. "People still expect double-digit gains," he says, citing surveys of homeowners...
Conversely, short-term cash instruments haven't looked this good in years. Simple, safe money-market funds now yield a healthy 5%--not bad in an uncertain environment in which Treasury bonds yield just a tad more and corporate profits are likely to downshift from double-digit growth to the 6%-to-8% range. For the past few months, money funds have had the best returns of the major asset classes. It used to be tough to find much more than a 1% money-fund yield."Having liquidity and getting 5% are a big deal," says Peter Crane, president...