Word: marketization
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...scored cheap political points by leaving such criminally mismanaged enterprises as AIG and GM to their fate. Of course, he might also have touched off an economic smashup. In pursuing what he believed to be the responsible course, Obama echoed George W. Bush's fourth-quarter abandonment of free-market gospel. For both men, survival trumped ideology. In the process, however, the candidate of change became the President of continuity, a politically perilous position he has since reinforced, along with U.S. ground forces in Afghanistan. (See pictures of Person of the Year 2009 runner-up General Stanley McChrystal...
...like a fish market," says Jawed Habib, fondly surveying the Sunday-afternoon hubbub of his South New Delhi hair salon, one of 12 he runs in the Indian capital alone. Heaving with stylists wearing bold red-and-black shirts emblazoned with JAWED HABIB PRO TEAM, the salon calls to mind less the chaos of a fish market than the disciplined efficiency of a well-run kitchen. His golden quiff defying gravity, the 46-year-old Habib serves as both head chef and maître d', helping a matron into her chair, judging the angle of a junior stylist...
...country where millions still get their hair trimmed by mummy-ji in the bathroom or by barbers whose salons consist of a tree trunk with a mirror tacked onto it. Habib has helped convince middle India that hair is not just something that grows on your head but a market waiting to be primped and tugged at. "People used to think hair care was a low-grade profession, with no future," he says. "I showed them that it's both a science and a business." (See pictures of India's contraband wildlife...
Over the past two years, he has targeted India's smaller cities and towns, where the explosion of satellite television, with its constant diet of ads and Bollywood, has fueled the hairstyling market. "In Delhi, people will just come to my salon asking for a cut that suits them," he says. "In Aligarh, they'll come asking to look like [Bollywood superstar] Shah Rukh Khan." The approach chimes with the findings of The Dhoni Effect, a 2008 report from consultants Ernst & Young. Named after Indian cricket captain Mahendra Singh Dhoni, a small-town boy made great, the report found that...
...Harvard Square market and the Cambridge market are a little bit insulated by the University’s presence, so I don’t foresee it being as much of a problem there,” Gray said. “Harvard owns a great many commercial properties, but I don’t think this problem is going to have much of an effect on Harvard’s holdings because they are long-term and not heavily leveraged...