Word: wealthier
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...breaking of the fast is often a decadent affair in wealthier Gulf countries like the United Arab Emirates, where well-to-do Muslims gather in air-conditioned tents, cruise ships or five-star hotels to feast on meals with multiple courses. In some countries, the fast carries the force of law: in Algeria, six people were jailed last year for failing to observe the fast, while in Iran authorities have shut down restaurants for not closing during the day. Other places have their own unique requirements: when Ramadan falls during the summer months, as it does this year, Muslims living...
Though internships were formerly touted as an opportunity for students to explore career options, doing so now comes with a price. Some experts argue that internships punish those who might decide later than age 18 what they want to do with their life. More important, they can favor wealthier students, who can afford to not make any money during the summer, over the less privileged. Still, with pressure increasing on students to find work, the clamor for internships is only growing. To land that first job, career advisers now say, applicants should have two or more internships under their belt...
...important piece of that pie is the increasingly large Chinese domestic market. Traditionally, Taiwan firms have exported electronic components to China, which were assembled in mainland factories and re-exported to customers in the West. But now Taiwan companies are looking to redirect their products toward China's wealthier consumers, thereby decreasing Taiwan's dependence on the U.S. Flat-screen-display maker AmTRAN Technology, based near Taipei, operates factories in China that export primarily to North America, but the company is tying up this year with a Chinese electronics brand to sell TVs inside China as well. "This year...
...feels a bit curmudgeonly to suggest these happy Asian trends should be greeted with skepticism. Higher asset prices mean households feel wealthier and better able to spend, which could further fuel the region's nascent rebound. But just as easily, Asia could soon find itself saddled with overheated markets similar to the U.S. housing market of a few years ago - and on the brink of another crash. "The seeds are being sown for Asia's next bubble," HSBC economist Frederic Neumann said in a recent report. "The world has not changed, it just moved places." (Read "Asian Nations Step...
...electric cars now on the drawing boards of established automakers are likely to cost more than $20,000, limiting their potential customer base to well-heeled drivers in wealthier countries. The sticker price of GM's Volt could be as high...