Word: marketizing
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...these glitches weren't ironed out before the cameras hit Best Buy is not something that HP, Nikon or Sony, when contacted by TIME, were willing to answer. Perhaps in this market of rapidly developing technologies, consumers who fork over a few hundred dollars for the latest gadget are the test market. A few years ago, speech-recognition software was teeth-gnashingly unreliable. Today, it's up to 99% accurate. With the flurry of consumer complaints out there, most of the companies seem to be responding. HP has offered instructions on how to adjust its webcam's sensitivity to backlighting...
Over the past two decades, France has made major efforts to modernize its economy and change the attitudes of its workforce in order to make the nation more market-friendly and competitive in the age of globalization. But the one place where these changes to France Inc. have failed to take root is the boardrooms of the biggest companies, which in many ways remain the same smoke-filled old-boys clubs they were 50 years...
...Touati notes that this system has gone largely unaltered for 40 years, despite other changes that have taken place in the economy: nationalization, socialization, privatization and pro-market reforms. Grémont says that such enduring élitism is difficult to challenge in normal economic times, which is the main reason some French executives continue to fear that the current global recession could morph into something more serious: a 1930s-style meltdown capable of shaking the entire economic structure to its foundations. Were that to happen, chain-reaction bankruptcies of companies could force the French state to step...
Retail investors may still be cool to the stock market, keeping much of their savings in cash equivalents, but they are warmly embracing a relatively new investing tool - exchange-traded funds, or ETFs - hoping to find growth in a ho-hum market and keep costs down...
...number of ETFs in the U.S. market shot up to 934 in 2009 from 154 in 2004, according to Larry Petrone, director of research at Financial Research Corp. Over that time, ETF assets under management have more than tripled, to $742 billion. That's still far short of the $7.14 trillion in assets held by mutual funds, but the ETF growth rate is fast closing that gap, with new products covering every subsector of the markets, from bank stocks to silver to Vietnam's public companies. (See pictures of TIME's Wall Street covers...