Word: marketizing
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Walmart and Amazon were the wild cards, though, as both challenged electronics retailers on price every step of the way, allowing them to gain market share in the electronics sector. Walmart was especially competitive. "Walmart's [average] prices were 3.5% below Amazon, 4.2% below Target and down double digits compared to both Kmart and Toys "R" Us," said Goldman Sachs analyst Adrianne Shapira, in a note. "Walmart left no doubt as to who was the pricing leader...
...necessary for our economic system to thrive. But do many believe that differentials need be this grotesquely large to incentivize and reward people adequately, if not richly? No; they are that large today simply because they can be that large, not because of some virtuous working of the market. This is not Adam Smith’s capitalism. Just as he decried the inevitable greed and corruption of monopoly, he would surely rail against today’s self-serving and closed systems of compensation review...
...regulations of the U.A.E., banks cannot seize control and ownership of the buildings they have financed. And there are more buildings on the way. There are scads of unfinished buildings in Dubai, including high-priced residential properties. About 100,000 new dwellings were scheduled to hit the market in 2010. (Read about how hard times have come for Dubai and the emirates...
...banks, not surprisingly given their current condition, have resisted, and are now in negotiations in with Dubai World. The banks may have limited options. It does little good to go after Dubai's overseas holdings because those have largely been into the troubled real estate market as well. Those holdings and joint ventures involve the Essex House hotel in New York City, the W Hotel group, MGM Mirage in Las Vegas as well as smaller interests in such properties as Raimon island in Thailand...
...drug production and transit zone, with cocaine passing through on the way to the Peruvian coast and then to Europe or the U.S. by boat. (The price supposedly paid for a gallon of fat would fetch about six times what the equivalent amount in cocaine would on the local market.) Peru is the world's second largest cocaine producer after Colombia, with a capacity to produce around 300 metric tons of cocaine annually from its coca crops...