Word: retailing
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...China is the most obvious case in point. Its oil consumption per unit of GDP was double that of the developed-world average in 2004. China, like many Asian countries, tends to subsidize the price of retail energy products. While that means the blow of higher oil prices is softened for Chinese consumers, a heavy toll is taken on the government's finances. Moreover, about a third of China's total exports go to the U.S. That means one of China's largest and most dynamic sectors is very much a levered play on the staying power of the American...
...India, it's a different story?less of a China connection and more a tale of inefficient use and pricing of energy. India, like China, uses energy only half as efficiently as the developed world. Like China, India heavily subsidizes its domestic pricing structure of retail energy products, meaning that rising energy costs will adversely effect its already strained fiscal position. Consequently, while Japan and India are somewhat less exposed to soaring energy prices than other Asian economies, they can hardly be expected to emerge unscathed...
...Oréal, instrumental in transforming it from a 25-employee company into a global cosmetics giant; in Geneva. In the 1950s, before taking the company's helm, he expanded marketing into the U.S. and Japan, in part by taking the then radical step of selling products in retail stores rather than only hair salons. Later he signed licensing deals with designers like Guy Laroche and oversaw the acquisition of such prestige brands as Lancôme, Garnier and Biotherm...
...cleanup proved time consuming. But today Denver and Aurora proudly call that land Redevelopment Triangle. The two cities are 80% of the way toward their goal of creating 10,000 jobs there and filling the area with 4,500 homes and apartments, plus 2 million square feet of offices, retail stores and restaurants worth $1.3 billion...
...minutes of someone cramming every thought he'd ever had about himself into rhyme. It was immaculately produced, but what made it compelling was the contradictions. The song Jesus Walks mixed spirituality with skepticism and rap with gospel. All Falls Down slammed the "single black female addicted to retail" but concluded with West admitting, "I wanna act ballerific, like it's all terrific/ I got a couple past due bills, I won't get specific/ I got a problem with spending before I get it/ We all self-conscious, I'm just the first to admit it." Throughout, West careered...