Word: shampooing
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Guatemalan authorities have apprehended dozens of suspects in recent years leaving the country with large wads of cash, often hidden under clothing or stuffed into items like shampoo bottles, book covers and diapers. Last year, the Guatemalan government confiscated $3.4 million in suspicious funds at the Guatemala City airport and sent 20 people to jail, most of them from other Central and South American countries, says Leopoldo Liu, head of the public prosecutor's office on money laundering. (See pictures of South America on LIFE.com...
...what the hell" effect even crosses the Pacific. The researchers ran a similar test in China that yielded comparable results. They gave 150 housewives 100 yuan that they could either save or use to buy soap, shampoo, bedding and pots and pans. Half the women received the 100 yuan in a single bill, while the other half got it in the form of a 50-yuan bill, two 20-yuan notes and a 10-yuan bill. More than 90% of the women who received the smaller bills spent the money. Meanwhile, just 80% of the women given a single note...
...exudes middle-class expectations and remains positive despite the tsunami of bad news. Thanks to a government scheme to encourage entrepreneurs, the once dirt-poor housewife has received some $8,000 in low-interest bank credits in recent years and now owns three shops that sell everything from shampoo to public-transit tickets. "I didn't have a bank account before," says Da Silva, 37, standing beneath graffiti-covered walls and pirated power lines. "I never had a car. I bought a Fiat Palio." Does she fear the global recession will quash her dreams? "I trust Lula...
...Colgate (CL) has "side-stepped the global slowdown" as MarketWatch recently wrote. In the most recent quarter the company's profits were up 20%. It would be hard to pick a better time to sell toothpaste, pet food, and shampoo. Even in a bad economy, most of these are products will have stable sales...
...Cuba has a dual economy where those who cannot access currency convertible into U.S. dollars cannot afford basic necessities. As a result, incentives are so perverted that one can see women with Ph.Ds driving 1960s vintage cabs in Havana because that is the only way to afford toothpaste and shampoo...