Word: marketeers
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...temptation for Michigan to substantially increase its revenue by accepting more non-residents who are eager to attend has to be hard to resist. While speculating what would happen if the university moved to a private, market-based system, current president Mary Sue Coleman wrote in 2005 that "historically two-thirds of our applications have been from national or international students, and yet about two-thirds of our enrolled students have been from Michigan...
...RIMM's stock, on the other hand, has traded up even more than Apple's has this year. That can be attributed to either hope over reason, or the fact that a second smartphone company is doing well, which leaves even less room at the top of the handset market during hard economic periods...
...handsets away, much less sell them. Each of these operations said that global cell phone unit sales will be down in 2009. What is even more puzzling is that large handset companies don't just make smart phones; they make a lot of cheap phones for people in emerging markets and consumers who don't want a handset that acts as a TV, PC, personal assistant, and objects d'art. Apple and RIMM are doing remarkably well selling products into the high end of the market...
Asia's emerging markets are doing even better. The MSCI EM Asia Index is higher by 22.5% over three months, led by Pakistan (72.4%), Indonesia (36.9%), Taiwan (33.3%) and China (25%). Korea, which for some reason MSCI still classifies as an emerging market even though the country is a member of the OECD, is up 18.4%. India? Higher by 15.6%. The Philippines is up 13%, Malaysia 9.2% . . . you get the picture...
...asset bubble way back in the 1990s. None of the previous attempts worked, in part because much of the money went to wasteful public works spending in the bailiwicks of ruling-party politicians. The latest spending appears to make more economic sense, targeting job-creation, support for the equity market, increased transfers to regional governments, health-care spending, and energy efficiency...