Word: fractionalism
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...almost as if he's reciting from last year's hit book, C.K. Prahalad's The Fortune at the Bottom of the Pyramid Eradicating Poverty Through Profits. Tata points out that consumption, as it is understood in the West, is still a dream for all but a fraction of 3 billion people in the developing world. Only 58 million Indians, out of the country's 1.1 billion population, earn more than $4,400 a year, according to Delhi's National Council of Applied Economic Research. The challenge is to make consumers out of people whose disposable income would be pocket...
...trained in orthodox medicine and complementary disciplines. Dr. Saul Berkovitz, who runs the hospital's acupuncture clinic, says their $6.2 million annual allocation from state coffers is well spent. According to patient surveys, more than 60% of the 30,000 treated there each year improve. "It's an absolute fraction of the nhs budget," he says. "It's pretty low-tech and it's probably cost effective." The hospital offers a range of options including holistic prenatal checkups and homeopathic remedies. In the group acupuncture clinic, Berkovitz uses needles hooked to a current to treat patients with osteoarthritis...
...Investors are often caught flat-footed when markets slide. In 2001-02, deflation was the fear of the day, but few investors at the time saw the opportunity in commodities, which were going for a fraction of today's prices. Today investors are obsessed with inflation, while government and top-tier corporate bonds are shunned...
...quality audio, from Elvis to the Flaming Lips, and adds 30 albums a day - including music by the likes of the Beatles and Led Zeppelin that isn't even available at other download stores. Tracks cost a few pennies and entire albums go for a buck or two, a fraction of the cost at Apple's iTunes store. In Britain, the site garners 14% of the online music market, second only to iTunes. "I've probably downloaded a couple hundred songs," says Don Goldberg, a public relations consultant in Washington. "It's stuff you can't find elsewhere...
...revenge in the name of our brothers and sisters who became martyrs on Iraqi soil," he says. Al-Zarqawi's foreign fighters always were merely a sliver of the bad guys in Iraq: intelligence estimates suggest al-Zarqawi commanded a few hundred men, of whom only a fraction were foreign jihadis. By most estimates that's less than 5% of the 25,000 to 50,000 insurgents believed to be operating inside the country. While al-Zarqawi's al-Qaeda in Iraq faction has been linked to some of the worst attacks in Iraq, homegrown Iraqi insurgents have shown themselves...