Word: almost
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...Today, almost alone in the world, China's state-owned companies are still cash flush. Crucially, though, they have learned a basic - and expensive - lesson about investing abroad. As a result, the 'Go Out' strategy has been tweaked. It might now be better called the 'Buy Low' campaign, and in one of the markets that Beijing has long had in its strategic sights - Australia's vast metals and minerals industry - it is now unfolding. (See pictures from the Beijing Olympics...
Investor sentiment was shaken over the holiday weekend by news that Japan's economy shrank at an annualized rate of almost 13% in the latest quarter. Economic news from virtually every corner of the world is reinforcing the notion that this economic storm knows no bounds, and may be gaining fury...
...tense silence, a spotlight rested on the ruffled costume. The lighting was simple, a method used by Joop Caboort throughout the show to emphasize the minimalist nature of Kylián’s choreography. A dancer, concealed behind another until this moment, shifted to the right quickly and almost imperceptibility, revealing that there are in fact two. Without regard for a definitive start or end, the curtain then fell, rising again as “No More Play” continued. “Black and White” revels in such play between the evident and the hidden...
...Just as gravity pulls together the local chaotic movements of water droplets to orchestrate the outer geometric identity of a waterfall, conventions pull together human turmoil to orchestrate the notion of humanity. The Tamil Tigers can perpetrate the above crime and face mere condemnation from a few countries, because almost no convention to protect war-affected communities exerts enough pressure on rebel groups who abuse civilians. Nearly all mechanisms are devised to limit the scope of military action that a government can take to face a rebellion, which has been proven insufficient to protect internally displaced persons. Moreover, this pressure...
...national bank is almost certain to follow practices which are unsound, which would not make it terribly different from the large firms that helped get the economy into trouble. Bank managements bought toxic assets two or three years ago. A government-controlled bank might offer mortgages at extremely low rates, rates so low that they clearly do not take into account the level of home loan defaults. From a policy standpoint, it may make "sense" to do that to help buttress the housing market. But, to some extent that moves the government's control of the credit system from nationalizing...