Word: marketsâ
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Unlike other emerging markets???China, Russia, Dubai?India has consistently had its share of superwealthy consumers. Western luxury brands aren't new to India either. In their heyday, the maharajas were enthusiastic customers for Louis Vuitton trunks and Boucheron and Cartier jewels as well as Osler chandeliers. What has changed radically is that there is a burgeoning middle class of 300 million people?growing by 25 million each year...
...years both France and Britain have been vying for third place as weapons purveyors, concentrating on the same markets???the Middle East, Latin America and their former African colonies. Last year the French clearly pulled ahead of the British, selling $3 billion in war materiel to some 80 nations, ranging from submarines for the navies of Spain, Portugal, Pakistan and South Africa to daggers for Tunisian commando units. The best-selling French items: various models of the Mirage supersonic fighters, the agile and swift AMX tanks, Alouette helicopters and radar-guided Exocet antiship missiles...
...benefit of its busy readers the Wall Street Journal carries a daily table called ''World Wheat at a Glance." Listed in four columns are closing prices for the previous nine trading days on the four great primary wheat markets???Liverpool, Buenos Aires, Winnipeg and Chicago. Last week it took no more than a glance at that table to perceive that world wheat was in the midst of something far more significant than a speculative war jiggle...
...funds through the nation's banks into Industry. In February, with the Glass-Steagall bill, it went to the rescue of the banks themselves by giving them a bigger & better pipe line into the Federal Reserve System. It was now proposed to pump Federal Reserve credit into the commodity markets??? wheat, corn, beef, cotton, coffee, sugar. The bill was introduced by Representative Thomas Alan Goldsborough, Maryland Democrat. It required the Federal Reserve "to take all available steps to raise the present deflated wholesale level of commodity prices as speedily as possible to the level existing before the present deflation...
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