Word: opening
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Dates: during 2000-2009
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...goal of doing this video was actually asking him to come down to this debate. so it's not actually to just generate attention," Jacobson said. "We would be open to doing whatever he'd be comfortable with, but I'd assume he'd be similar to the same kind of personality that he has on his show." Something like this, maybe...
...Wuling minivan dealership on the outskirts of the western Chinese city of Xi'an provides hope for the future of the global economy. On an ordinary Wednesday morning, customers steadily stream into the showroom, briefly open and close the doors to the displayed minivans, manufactured by a joint venture between General Motors and two Chinese carmakers, and then march over to the front desk to plop down their money. While salesmen in the U.S. struggle to move cars off their lots, Xu Zhanrong, the deputy general manager of the Xi'an dealership, can barely keep the Wulings in stock. Sales...
...whether or not they will buy remains an open, and crucial, question. Even though Chinese are becoming wealthier, they are actually saving a greater percentage of that new wealth. Cornell University economist Eswar Prasad figures that China's average urban household saving rate reached 28% of disposable income in 2008 - 11 percentage points higher than in 1995. As a result, the role consumer spending plays in China's economy continues to head in the wrong direction. Private consumption accounted for a mere 35% of GDP in 2008, down from 46% in 2000. China's ratio stands at about half that...
...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 China should also open up service industries now dominated by large, state-owned companies, such as finance, to allow new entrepreneurs to flourish, creating more jobs with higher wages...
...promise of Icelandic design even lured Israel-born Sruli Recht to open a store on the outskirts of Reykjavik in a neighborhood locals call the fishpacking district. Just two months old, the 135-sq-m boutique cum design studio sells wallets made out of discarded Nile perch skin and Minke whale - commercial whaling is both popular and legal here - and floor-length sweaters. "Everyone was looking at what happened here as a catastrophe, but I see it as an opportunity," says Recht as he toys with a mannequin wrapped in mounds of black knitted Icelandic wool. A gust of wind...