Word: giantes
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...online retailing giant, unscathed by the recession, is on a tear, posting robust earnings growth while many other retailers are licking their wounds. Analysts believe the company's profitable run isn't over yet, and say that concerns over competition in its trendy e-reader business are overblown...
...Instead, many analysts see Amazon's biggest growth coming from its international operations, expansion into new merchandise and the addition of more third-party sellers. Its November acquisition of online shoe giant Zappos, for example, contributed $200 million of revenue to the company's fourth quarter. The number of active third-party sellers rose 27% to 1.9 million, and revenue from international sales climbed 49% to $4.56 billion in the latest quarter...
...because many people mistakenly believe that Asia offers a superior political-economic model for meeting the modern world's economic challenges. That perception, however, is based on the incorrect notion that Asia's success is the product of intrusive governments. In the 1980s, when Japan was Asia's rising giant, some said its state-led economic system, in which bureaucrats "picked winners" by targeting industries for special support, was better than the more laissez-faire practices of the West. Today, pundits see China's "state capitalism" as the contender for global dominance. The heavier hand of the Chinese government, this...
...outside of China, and the message from the East looks starkly different. The problem with today's analysis of Asia is that it is far too focused on China. China is not Asia. In fact, in many ways, it is the exception (albeit a big one). Asia's other giant outperformer - India - is a quite fractious democracy. Only one significant economy - Vietnam - is following China's lead. Just about everywhere else, policymakers are rejecting the China model. The severity of the financial crisis hasn't caused political leaders to look to China's success and roll back democracy or copy...
...perhaps this anecdote is just a crutch for my own insecurities. See, in truth, I don’t really know anything about professional sports. Currently, my favorite athlete is Wiggler, the giant female worm in “Mario Tennis” that, upon winning a match, will squeal and giggle (the cross-species equivalent of a chest bump) and then turn into a flower. And, to make it worse, all but one of my blockmates is just as completely uninformed as I am. On our last blocking group vacation, beach football was almost unanimously booed down in favor...