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...decade ago, when regional economies and governments were convulsed by devastating recession. That prospect still seems remote. Growth in Asia has remained relatively robust in 2008 and financial sectors sound. But Asian stock markets, most of which have plummeted by 30% or more this year, are signaling harder times ahead. Falling export growth and tighter credit are already beginning to pinch. Merrill Lynch expects GDP growth in Asia (excluding Japan) of 7.7% this year, the slowest pace since 2003. Next year could be worse if the U.S. enters a full-blown recession. "There are few signs...
...momentum up in practice,” Cormie said. “Once we get a few points, and we really get going, we get into our rhythm. “We play like a machine, absolutely flawless.” The Wildcats started the second frame strong, coming ahead, 24-14, over the Crimson. But Harvard again edged out New Hampshire in the second match, 27-25, after an important rally which was propelled by freshman Anne Ingersoll. Ingersoll had five kills in the second set while her teammate Cormie led the Crimson with six kills over the course...
...Another conservative activist, who works in state government and worries that using his name will cost him his job, charges that McCain has gone out of his way to disrespect the conservative grass roots. Ahead of the 2004 Republican National Convention, he says, Senator McCain personally called several conservative delegates to try to rescind their invitations to the New York City gathering. The source says, "He wanted his own hand-picked people to go to the convention, to be the bestower," even though the grass-roots party members had done most of the grunt work in organizing and mobilizing...
...Given the country's current harsh view of the Bush Administration and Republicans in Congress, McCain could be doing far worse. Counted out for much of the summer, the campaign operation, under the leadership of Steve Schmidt, has managed to run consistently ahead of the Republican brand. The campaign's top brass, meanwhile, remains unapologetic about its risk-taking approach and undaunted by the odds. "We would have packed up the tent four months ago if we didn't like daunting challenges," says Mike Duhaime, the campaign's ground-operations chief. McCain, as well, has been unapologetic about the moves...
...same time, campaign aides laid out benchmarks for success. "I outlined the campaign this way: We need to be tied before the conventions; we were," says Bill McInturff, McCain's top pollster. "We need to be ahead after our convention; we were. We need to be roughly tied at the debates." After that, however, McInturff told his candidate, the campaign was a "black hole...