Word: majors
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...with transportation costs continuing to plummet and markets becoming freer, there are many more places for companies to set up shop, and traditional advantages such as cheap labor or a lack of tariffs mean less and less in many industries. Multinationals are increasingly opening major operations in second- and third-tier cities - GlaxoSmithKline in Posnan, Poland, Google in Belo Horizonte, Brazil - places that plenty of people have never even heard of. "Companies are adopting an all-shore strategy," says Dennis Donovan, principal of Wadley Donovan Gutshaw Consulting, which helps companies decide where to locate...
...Sandisk is building a new factory in Yokkaichi to produce 40% more wafers a month, which will significantly increase the $1 to $1.5 billion the?company already annually invests to keep its fabs on the cutting edge. And that leads to another major reason Sandisk is in Japan: the country's?advanced capital structure and low interest rates let the company borrow money cheaply. Clustering may work well, but other aspects of a country's competitiveness - like its macroeconomic fundamentals - still matter. "The bottom line," says the Economic Competitiveness Group's Hansen, "is you have to do everything right...
...Indian emissions soar. No matter what Canberra does, the effects on the world's climate "are likely to be extremely small," says Australian National University economist Alex Robson, "almost certainly zero." Environment Minister Malcolm Turnbull argues, with Howard, that climate change cannot be addressed without coordinated action by all major emitters. But Labor, he says, takes the view that "we must purify ourselves, regardless of how poor it makes us to become pure...
...math guy, and that’ll be good come tomorrow, when people always say you can throw the numbers out the window when Harvard and Yale play.It’s about the history. Which is good because, well, that’s my major. And if there’s one thing I’ve learned up here in Cambridge, at the world’s top university, it’s that history is bound to repeat itself.And history tells us that the Bulldogs haven’t beaten the Crimson in New Haven since...
...that everyone safeguards their own interest first. No one really cares about the people," says Enyat Hussain, a fresh-juice vendor at Islamabad's Melody food market. At nearby Abpara Market, newspaper vendor Amjad Iqbal watched as anti-emergency-law protesters shouted slogans and waved flags at a major intersection. When asked why he didn't join in, he just shrugged. "It makes no difference anyway. Nobody listens." In front of his stand, five men crowded around a newspaper. The emergency is good for one thing at least, said Iqbal. "Newspaper sales have doubled...