Word: hedrick
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...where the share is 57%. What those figures tell us is that Chinese consumers may be spending more, but not nearly enough to ensure sustainable growth for the Chinese economy down the road. "The consumer revolution already has been happening, but it could be much, much better," says Yuwa Hedrick-Wong, an economic advisor to MasterCard Worldwide. (See TIME's photoessay "Mass Transit: The Best-Selling Cars in China...
...problem, says Hedrick-Wong and other economists, is that the average Chinese still faces too much uncertainty about the future to spend more freely. China's social safety net systems remain weak, forcing Chinese families to squirrel away large sums to care for elderly parents, pay rising medical bills and prepare for retirement. Aware of the problem, the Chinese government has been taking steps to beef up welfare programs to alleviate the financial burden faced by Chinese families and loosen their purse strings. Beijing, for example, is undertaking a three-year, $125 billion program to build hospitals and clinics...
...sink it! BAM! I am the Mother Teresa of beer pong. 11:15 p.m.— Are the finals more relaxed since it’s for charity? “No. In fact, I feel more competitive,” says our opponent Paul T. Hedrick ’10, a Crimson sports editor and experienced bro-ponger. “This event is as bro as an event can be,” he explains. “I feel bro playing for charity.” We lose. But leaving the tournament, I feel good...
...shooting. Only junior Dan Biber scored double-digits for Dartmouth, putting up 10 points on 4-5 shooting.Dartmouth will play two more home games before a rematch at Harvard, while the Crimson take a 13-day break for finals.—Staff writer Paul T. Hedrick can be reached at phedrick@fas.harvard.edu...
...Staff writer Paul T. Hedrick can be reached at phedrick@fas.harvard.edu...