Word: marte
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...good news is that growing international economic interdependence is a little like nuclear deterrence: nations with such far-reaching trade and financial ties have an interest in preserving steady economic relations. China doesn't want to lose its best customer. If Chinese factories selling to Wal-Mart and other American companies shuttered as a result of trade tensions, millions of Chinese workers could find themselves unemployed-and angry at their government. Likewise, if offshoring stalls in India and the economy tumbles, voters will likely hoist their leaders out of office in the next elections. So both the Indian...
...course slowing down trade requires only collective will, not regulations. What if buyers decided to resist the siren song of low prices emanating from the nearest Wal-Mart and buy instead from mom-and-pop stores stocked with higher-priced, locally made goods? Globalization would decelerate. Offshoring could be slowed, too, if vast numbers of buyers agreed to pay more for services whose workers are based in their home countries. Such a scenario, however, seems unlikely. In the 1970s, car buyers didn't hesitate to choose Toyotas and Hondas when they proved cheaper or more reliable than Fords and Fiats...
...structural element to team decision making. "Committees react best to a specific proposition," says Bryan Cameron, director of research and a member of the committees that pick domestic and foreign stocks. So when analysts make a presentation, they propose a particular course of action--increasing the percentage of Wal-Mart from 2% of the portfolio to 2.2%, say. The analyst advocates, and the committee meditates--somewhat like a jury...
During each of these episodes, the financial pages filled with fret: Would this be the moment when markets turned south, when credit dried up, when hedge-fund managers and private-equity partners started applying for work at Wal-Mart...
...Check-cashing services have actually been available at Wal-Mart for several years. But until now customers had to wait in long customer service lines instead of having designated counters where they can make these transactions. "They are making this a priority and making it more visible to the consumer. This is something they really care about," says Jennifer Tescher, director of the Center for Financial Services Innovation, a nonprofit that does research and advocacy work for the unbanked. "It doesn't matter whether or not they have a bank charter." And as countless small retailers can tell you, when...