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...will be years before China has a consumer-driven economy like that of the U.S., but with retail spending rising by double-digit percentages every year, the immediate future looks good. For the most part, the companies poised to enjoy the splurge will not be multinational but Chinese. They know their home market, and how to overcome its obstacles. Some also offer instructive examples for foreign enterprises keen to ride the growth of Chinese consumer culture. Here are four: (See pictures of China's infrastructure boom...
Committee Ranking: 9 out of 12. Two-digit numbers are such a thing of the past...
...that's not to say a hung Parliament itself wouldn't hit the pound hard. Long viewed as almost certain winners of an election expected in May, the Conservatives have squandered their double-digit lead in recent weeks. In fact, in a YouGov poll published in Britain's Sunday Times on Feb. 28, the Tories' margin over the governing Labour Party had diminished to just two percentage points, raising the specter of no party winning absolute control of Parliament. The problem: Britain has had little practice at coalition government in recent years. Its last attempt - more than 30 years...
...were each given a brown envelope with $10 in singles and coins as well as an empty white envelope. They were all then told they had five minutes to complete a simple mathematical task, looking for pairs of numbers that added up to 10 in a grid of three-digit numbers. They could keep 50 cents for every pair they found and were to put the leftover money in the brown envelope. (See the top 10 scientific discoveries...
...first half of the Iranian year (March-August 2009) - far short of the 8% targeted in Iran's fourth Economic Development Plan, which ends this year. Despite the apparent unknowability of third-quarter statistics, figures closely associated with growth - capital investment and permits for new construction projects - showed double-digit declines. Overall unemployment stood at 11.3%, while the out-of-work figure for those between the ages of 15 and 24 was estimated to be just over 24%. Real unemployment figures, however, are suspected to be significantly higher, given that large numbers of the unemployed do not register with...