Word: affections
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...credit crisis is hurting even small Hong Kong businesses, according to Danny Lau, chairman of the Hong Kong Small and Medium Enterprise Association. "Bankers are tightening loans," Lau says. "That will affect most small businesses. Some of them have loans from banks in order to run their operations. Now they will have to tighten up, or they will have to contract in the future." Last week, U-Right, a clothing retailer with about 100 outlets in Hong Kong and another 500 in China, was forced to liquidate after it could not meet bank demands to repay its debts. By Sunday...
...objected to an amended version of the state's Born Alive legislation, which passed after Obama left the state senate. Like previous proposals, the amended bill declared that any child born alive was a "human person," but it also specifically stated that the legislation should not be construed to "affect existing federal or state law regarding abortion" or "alter generally accepted medical standards," effectively eliminating the concerns of Obama and other abortion supporters like Sutherland that the law could be used a way to limit access to abortion...
...Still, Kroeber and others stress that China may choose not to participate in a global bailout because leaders will have their hands full at home. Tougher economic times could affect the country's social stability, meaning leaders will direct their focus inward. "China's resources are strong enough to ensure its own economy can sail through this relatively smoothly," says Kroeber. "But they can't save anyone else's bacon...
...vote on the $700 billion rescue plan affect the bill's passage? Were you worried it would get sidelined? I had no concern. The economy is in bad shape in a number of ways, and it may be that we're going to have trouble finding out how to solve it, but at the same time life goes on, you know. Businesses are beginning to know that they have in their employment people who are mentally ill, people who have manic-depression, who have depression, who have schizophrenia, who suffer from alcoholism. And businesses are finding out that they...
...maybe even question the wisdom of the rules governing local-council investments and how local councils interpret them. For the moment, Britons' ire is directed outward: at Iceland's hubris in allowing its banks to expand imprudently. There are also mounting concerns about how Iceland's economic meltdown will affect British Main Streets. Icelandic investment companies also own significant shares in famous retailers such as Debenhams, Hamleys and Oasis, and an Icelandic entrepreneur even owns the East London premiership football club West Ham United...