Word: plasticities
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Dates: during 2000-2009
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...point is that more buyers are relying on plastic - for debit purchases. That's partly why transaction volume has remained strong even as spending declines; for the first time ever, in 2006, U.S. consumers made more debit purchases than credit charges. The funds may be pre-paid or come directly from checking accounts, but the debit cards are often Visa-branded. And because it's easier to obtain a debit card than a credit card, even people who have never qualified for a credit card before are enjoying the convenience of going cash-free...
Wringing more out of plastic discs won't be enough to secure the record companies' futures, though. More pressing is the need to sharpen strategies for the digital market. Record companies were slow to turn on to digital; Doug Morris, the boss of Universal Music, once slammed MP3 players as little more than "repositories for stolen music." But last year those companies saw their revenues from digital sales hit an estimated $2.9 billion, up almost eightfold since 2004. However, that's not exactly the fortissimo it may appear to be. The 38% annual growth in digital sales last year...
...things that have made the current Dalai Lama such a startling and tonic figure on the world stage. There are few monks in any tradition who speak so rarely about faith while rejecting anything that has been disproved by scientific inquiry; on his desk at home, he keeps a plastic model of the brain with detachable parts so that he can take it apart, put it together again and see how it works. And there are even fewer political leaders who work from the selfless positions and long-term vision of a monk (and doctor of philosophy). It's easy...
...carried with them everything they owned with their children in tow: small animals, powdered milk and soap to sell at the market, brightly-colored plastic bags emblazoned with Disney characters, and even one kitchen sink...
...team of economists was headquartered in Saddam Hussein’s Republican Palace, and Foote often found himself wandering bewildered through its garish, gilded rooms. The light fixtures were painted gold, he said; the crystal chandeliers, at a closer look, were plastic...