Word: masses
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...agency that books DJs. But in the transition from hippy to hip, some of the anarchy of earlier times has gone, particularly since the government moved from Bonn in the 1990s. Birkenstocks have made way for handmade $400 Trippen boots "that express an individuality not found in the traditional mass market," as the Berlin company's founders, Angela Spieth and Michael Oehler, put it. Especially in parts of Mitte, there's been a mini-invasion of BMWs and Mercedes in smartly restored streets that just a few years ago were pockmarked legacies of communist-era neglect...
...While India is seen as a potential mass-consumer market in the future, statistics for Africa (if treated as one entity) are remarkably similar. For example, the African economy has been experiencing similar growth rates to India's of 6% to 7% over the past decade, and will likely see 3% to 4% growth in 2009 - impressive in the current global environment. GDP per capita in Africa is similar to that of India and, like India, the population in Africa is growing and will be similar in size to China's population in several decades...
WORCESTER, Mass.—Catching his breath in front of his own basket, guard Jeremy Lin clapped his hands once, twice, three times. The Harvard co-captain needed no words in urging his teammates to get back on defense while silencing an enemy crowd of over 3000. He let his game do all the talking. Lin had a game-high 24 points—including a dunk that sparked an 18-3 run midway through the second half—to lead the Crimson (1-0) past Holy Cross 87-77 at the Hart Center Friday night...
...Chinese consumers may be spending more, but not nearly enough to ensure sustainable growth for the Chinese economy down the road. "The consumer revolution already has been happening, but it could be much, much better," says Yuwa Hedrick-Wong, an economic advisor to MasterCard Worldwide. (See TIME's photoessay "Mass Transit: The Best-Selling Cars in China...
...only about half of GDP per capita, compared to 80% or more in other major economies, placing "a cap," Huang says, on consumer spending. The problem is that income growth among rural dwellers and migrant workers badly trails that of residents of the major urban centers creating a mass of 900 million people who still tend to be very heavy savers. Huang suggests that China needs to act aggressively to boost rural incomes, by, for example, extending banking systems deeper into the countryside to give farmers better access to credit to start small businesses. MasterCard's Hedrick-Wong argues that...