Word: growth
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Online brokers were soon seeing their business pick up. "There has definitely been a surge in the past 12 to 18 months," says Fred Tomczyk, chief executive of TD Ameritrade. "We've had very good growth trends." In TD Ameritrade's fiscal first quarter that ended on Dec. 31, 2009, net new assets rose to $8.7 billion from $7.8 billion a year earlier, according to Kim Hillyer, the company's senior manager of communications...
More important, these bulk customers don't use wholesalers to source generic products, which are expected to replace 80% of the revenue from brand-name drugs by 2015. "Generics mean slow top-line growth but are ultimately much more profitable for wholesalers," says Richard Close, an analyst for Jefferies & Co. "By focusing on the big chains, Cardinal had basically ceded generics to McKesson and AmerisourceBergen...
...quick to point out that China last year announced it would allow genetically modified rice. Comparing India and China is a favorite pastime of Indian economists and commentators. The country's attempts to outdo its northern neighbor are a national obsession. But in its hurry to reach double-digit growth, India is confronting a dilemma that has entangled China for years: what's more important, economic growth or human rights and the environment...
...those impatient for double digit growth. Take agriculture. Prime Minister Manmohan Singh and many farmers struggling against debt, rising expenses and stagnant yields, have called for a second Green Revolution. But for this, India will probably need the help of biotechnology, a discipline in which India has the potential to be a world leader. Because India allows protests and debate, though, pro-industry rulings are often overturned. (See a special report on the science of appetite...
Progress may be slow, but in India's case, the best rate of growth may not turn out to be the absolute fastest, but the one that takes into account long-term environmental and human costs. A slow-cooked brinjal decision may taste best...