Word: productivity
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...Visiting CEOs' banquet-table chatter is now dominated by swapping tales of arrogant and insolent Chinese bureaucrats and business partners. The litany includes purposefully inconsistent and nontransparent enforcement of regulations, rampant intellectual-property theft, state penetration of multinationals through union and Communist Party organizations, blatant market impediments through rigged product standards and testing, politicized courts and agencies that almost always favor local companies, creative and selective enforcement of WTO requirements ... The list goes on. (See "Google Earth Adds Historical Photos...
Since last summer the nation's Gross Domestic Product (GDP) has gone up - indeed, it grew at a surprising 5.7% rate in the 4th quarter - seeming to confirm what we've been hearing: the recession is officially over. But wait - foreclosure and unemployment rates remain high, and food banks are seeing record demand. Could it be that the GDP, that gold standard of economic data, might not be the best way to gauge a nation's relative prosperity...
...mandate on everyone to buy healthcare insurance. This poses an immediate and steep cost for young people who do not have access to steady income or employer benefits. Harvard’s Student Health Plan, which is required for all students, even those with family health plans, was a product of the current Massachusetts healthcare bill that includes a personal mandate,. Students now incur a minimum of an additional $1000 per year cost added on the term bill, and roughly triple that for those who subscribe to Harvard’s Blue Cross Blue Shield plan. Compared to other groups...
...really shocking? Even Domino's spokesman Tim McIntyre admits that the company was never primarily concerned with flavor. "Our core strength for 50 years is delivery convenience," he told me. And it's not as if a subpar product was doing that much damage to its business; the chain is still firmly entrenched as the No. 2 pizza source in the world (behind Pizza Hut). The fact is that the Domino's reboot isn't that great. I just had one. It's slightly softer and greasier now, in an enjoyable way. Whatever. The point is not the taste itself...
...however, India may finally have one up on its high-octane rival. Though India still can't compete on top-line economic growth - the World Bank projects India's gross domestic product (GDP) will increase 6.4% in 2009, far short of the 8.7% that China announced in mid-January - India's economy looks to be rebounding from the downturn in better shape than China's. India doesn't appear to be facing the same degree of potential dangers and downside risks as China, which means policymakers in New Delhi might have a much easier task in maintaining the economy...