Word: digitalizing
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Dates: during 2000-2009
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Although the generals have been adept at political repression, their record on economic management is abysmal. In 1987 a former regime leader demonetized Burma's currency, wiping out the savings of millions, and introduced new bank notes that were divisible by the number 9 simply because he considered the digit auspicious. Things haven't gotten much better since then--even though Burma is blessed with lucrative natural resources like natural gas and timber. Obsessed with its own survival, the junta spends 40% of the nation's annual budget on the 450,000-strong army while 90% of the population lives...
...foreclosures skyrocket, a growing number of investors are becoming enamored with the idea of buying up distressed properties, doing a little rehab, and then putting the homes back on the market to turn a tidy, double-digit profit. "We call them wannabe investors," says Rob Munn, who has been buying and selling foreclosures for eight years in Tennessee and Florida. "They watch Flip This House, and think, 'I can do that...
...Nationally, he has found it difficult to break through the media's focus on Clinton and Obama. Edwards trails Hillary by double-digit margins, and he may not have the money to compete against their carpet-bomb television spots. "It's still possible for Edwards as well as Obama," says former Senator Bill Bradley, who in 2000 ran an insurgent primary campaign against an entrenched front-runner named Al Gore. "Edwards is the best political athlete in the field-giving a speech, working a room, interacting one-on-one. He has the most detailed domestic policy, and his message [that...
That plan has paid off. In 2006 FORTUNE ranked Viking second in terms of brand strength and identification, behind iPod. As a privately held company, Viking is tight-lipped about hard numbers but claims double-digit growth for the past 15 years. Published reports put annual sales at more than $300 million, a figure the company does not dispute. It's a neat trick to create a global brand from Greenwood, Miss., where the company does all its manufacturing...
...Denver richly illustrates, there is plenty of bottom left to wait for. It's a far cry from the days of double-digit home-price gains and mass speculation in hot markets like Las Vegas--where 40% of the houses up for sale now sit vacant. What's astonishing about this particular real estate bust, though, is the way the damage has pinballed across the financial universe: mortgage companies in Los Angeles, banks in Seattle, hedge funds in Australia, the European Central Bank, Wall Street investment houses and Main Street stockholders have all had the American real estate market fall...