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...This is not to say that mainlanders are as profligate as, for example, middle-class Americans, whose savings rate is zero. The survey shows that they are value-conscious. Although they are exposed to new trends in high-fashion consumption through the media, many middle-class Chinese still regard "luxury" as a synonym for "unnecessary waste." They tend to buy luxury items such as watches and jewelry sparingly and only when shopping outside the mainland...

Author: /time Magazine | Title: Raiding the Piggy Bank | 2/22/2007 | See Source »

...Club World product and its "2.0" plan for flat beds, which BA originated in 2000. "We far outdeliver any one of these start-ups because we cover the bases," says Woody Harford, BA's senior vice president of sales and marketing for North America. BA and American regard their worldwide networks and frequent-flyer miles as key retention devices. "If you don't invest in flying to Hawaii or the Caribbean, you lose an edge when you're competing in a J.F.K.-Heathrow market," says Mary Sanderson, spokeswoman for American Airlines, which has 18% of the J.F.K.-Heathrow seats...

Author: /time Magazine | Title: The Battle for First Class | 2/22/2007 | See Source »

...materials abroad, it must have been a relief. Last week China issued a report outlining the discovery of large mineral deposits that could significantly reduce its economy's growing dependence on imports. The finds "will fundamentally alleviate the serious bottleneck and big restrictions our country faces with regard to mineral resources," said Meng Xianlai, director of the China Geological Survey...

Author: /time Magazine | Title: How to Strip-Mine Shangri-La | 2/22/2007 | See Source »

...College’s laissez-faire attitude towards the life that its students lead outside of the Yard’s classrooms has long been mutually beneficial. If the Task Force wishes to make students regard their academic life with the same excitement as they do their extracurricular affairs, it should focus on improving the quality of classes rather than borrowing students’ enthusiasm for the life they lead outside of coursework and risk infringing upon an arrangement that works so well...

Author: By The Crimson Staff | Title: A Salutary Separation | 2/15/2007 | See Source »

Instead, the College should continue its policy of salutary neglect toward extracurricular activities and recognize that the “tendency on the part of many students to regard their extracurricular life as separate from their academic experience” is in fact a boon, not a burden...

Author: By The Crimson Staff | Title: A Salutary Separation | 2/15/2007 | See Source »

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