Word: mastercard
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Dates: during 2000-2009
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...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...
...centers creating a mass of 900 million people who still tend to be very heavy savers. Huang suggests that China needs to act aggressively to boost rural incomes, by, for example, extending banking systems deeper into the countryside to give farmers better access to credit to start small businesses. MasterCard's Hedrick-Wong argues that China should also open up service industries now dominated by large, state-owned companies, such as finance, to allow new entrepreneurs to flourish, creating more jobs with higher wages...
...Bernstein's McDonald. Then there's the issue of talent loss. As Citigroup's troubles have continued, the bank has begun to lose executives to rivals. The most notable departure thus far is Ajay Banga, who headed the bank's Asia Pacific operations. He left Citigroup last month for MasterCard...
...downward trend continues, though, is far from a sure thing. With scattered signs of economic rebound, consumers might soon feel confident enough to start spending more on everything from summer fashions to new cars and doing it with borrowed money. On June 4, an executive with MasterCard suggested that people were already starting to inch in that direction. Speaking at an investor conference, he said that thus-far unreleased results of the company's monthly spending survey indicate that while people were still spending less, the rate of decline has slowed. MasterCard runs the systems that process credit- and debit...
...Rainbows” most likely did so out of a moral desire to reward the group for their work rather than a direct estimation of the songs’ monetary worth. Thus the question of music’s value is still unsolved by this scheme.Of course, a Mastercard commercial would tell us that music is “Priceless,” and as far as emotional value is concerned, this cliché is right on the money. Perhaps monetarily, though, the correct phrasing consumers are looking for is “without price?...