Word: consumerized
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In the consumer high-tech industry, it's all about the reveal. Technologies become outdated so quickly that electronics companies need massive momentum for sales during products' first few months on the shelves - and for that reason, if the annual Consumer Electronics Show in Las Vegas didn't already exist...
A mile or two down the Strip, MGM Mirage just sold off Treasure Island for $775 million to billionaire casino operator Phil Ruffin. The cash infusion should help the corporation finish construction on its $9.1 billion CityCenter, the largest private construction job in the U.S. Yet even in the best...
While U.S. automobile companies have some responsibility for their current predicament, for many of the reasons you cite, the U.S. Treasury and Federal Reserve have unclean hands as well. Each of the car companies had adequate capital entering the fall, but when Treasury and the Fed "brought down the house...
Young middle-class couples like Gong and Wang are key to China's economic future - just as China's future may determine how long the global recession lasts. They are part of the population cohort the government hopes will boost domestic consumption, which takes up a mere 35% of the...
One important reason is that the driving cause of the crisis is external, in contrast to 1989, when the protests were sparked by anger over corruption, inflation and other domestic issues. "I simply don't see any kind of nationwide challenge to the Party emerging because you can't blame...