Word: poore
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...Asia. The vast majority of countries in the region are net importers of oil. Only Malaysia and Vietnam are able to produce enough crude to be net sellers. In addition, several Asian governments for years have spent billions of dollars subsidizing fuel costs to keep it cheap for their poor and often quarrelsome citizens. But oil is now so expensive that subsidies and price controls are increasingly impossible to maintain. Over the last two weeks, India, Indonesia, Malaysia, Pakistan and Sri Lanka have announced they are reducing or eliminating subsidies. At oil's current price level, Malaysia would need...
...transport are all essential to Africa's subsistence farmers. Yet in Africa, there's a perennial gap between knowing what needs to be done and doing it. China's venture into Africa has raised interest in business opportunities there. But many prospective investors are still put off by poor infrastructure. Several African countries, including South Africa, endure daily power cuts because of inadequate generating capacity...
...Service like that used to be the purview of upscale hotels, private bankers and credit-card companies. But concierge firms catering to what Elliot calls the "cash-rich, time-poor" are now springing up all over. Katharine Giovanni, chairwoman of the U.S.-based International Concierge and Errand Association, says membership in her organization has doubled in the last two years, to around 650 companies. And Giovanni says those firms are no longer catering exclusively to the leisure class. Many concierge clients these days are harried two-career families who simply need an extra hand planning a child's birthday party...
...workforce. "It is unreasonable for any of us investors to expect this development process not to have challenges," says Nguyen. "But some of the heartache has to fall in the lap of the people who had unrealistic expectations." Unfortunately, most of the heartache will be felt by Vietnam's poor as they struggle to put food on the table...
...Roma of Istanbul are very poor, earning on average around $250 a month, but the land they inhabit, once unimportant and peripheral, is now prized real estate minutes away from the city center. If contractors and the local municipality have their way, the entire neighborhood of Sulukule - home to 3,500 residents - is to be razed by the end of the year to make way for a gated community of 620 up-market neo-Ottoman townhouses...