Word: digitalizing
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Dates: during 2000-2009
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...manage yourself,” he added. Even for the ultimately victorious Crimson, the punishing back nine featured some daunting holes. The par-four 15th hole’s uphill approach shot, for example, hid “trouble absolutely everywhere,” according to Rhoads. Double-digit scores were common, with more than one 14 and even a 16 on the board. “The back nine were more difficult than the front nine, with a three-hole stretch, 14 to 16, that was pretty challenging,” Sheldon said. “If you?...
...premium end of that market--wines costing $25 a bottle and up--is on a tear, with sales growth averaging more than 30% over the past three years. Bill Stevens, wine-division manager at Silicon Valley Bank, expects pricey wine to continue to grow at a double-digit pace, with grape shortages in all premium areas except Merlot...
...what's not to love? The most common gripe is populist. Tolls often skyrocket under private owners, though with the blessing of elected officials, who avoid the political costs of raising tolls or taxes themselves. That's how privatized roads deliver double-digit returns for investors and often lead to upgrades like electronic tolling. But there are other devils lurking in the details, like noncompete clauses that may prevent transportation agencies from building new roads, or the inability to use roads for economic development by, say, adding a new exit to attract businesses. Some officials get queasy about locking themselves...
...world's factory. By one estimate, China's manufacturing unit labor cost was just 4% of that of the U.S. in 2005. Now, as the mainland economy powers ahead - GDP growth jumped by 11.9% in the second quarter - real wages of urban workers have been soaring at double-digit rates, rising 18% in the first half of this year alone, according to the government. Add in higher raw-materials prices, and manufacturers are facing increases in production costs they may no longer be able to absorb. The costs will be passed along to consumers worldwide, a situation that will...
Part of the explanation for this is that Poland's new democracy is just 18 years old. Since 1989, successive governments have introduced economic and democratic reforms based on those that Western Europe took the better part of 60 years to absorb. The country is still plagued by double-digit unemployment (2 million Poles now work abroad), crumbling roads and endemic corruption. Poland scored low in the ranks of European Union countries - and tied with Cuba and Tunisia - in the latest global "corruption-perception index" compiled by the watchdog Transparency International. Public trust in Poland is also among the lowest...