Word: digitalizing
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...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...
...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...
...Officials in Hohhot don't see it that way. In the past seven years, the city has almost doubled in both population and physical size, a trend that's in keeping with Inner Mongolia's recent double-digit growth rates. Officials welcome Western Cattle's feedlots as a way to use marginal land, create jobs and produce more food. "If we have a very good feedlot here, it will help people become wealthy," says Teng Guiyuan of Hohhot's Bureau of Investment Attraction. "Small farmers want to make money, but they aren't powerful enough. They need a big company...
...Boulder Valley, Colo., school district. Because of that, kids had barely enough time to sit and eat before the lunch period was over. So, last year, Stoll began looking for ways to speed up the queue. She discovered that many students, especially kindergarteners, can't remember their six-digit ID number, which they're required to type into keypads at the end of lunch lines. She then found out that there was technology that would allow a scanner to identify a kid qualified for lunch with the swipe of a finger, moving him or her quickly along. It would help...