Word: assets
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...predicted that sub-Saharan Africa's real GDP will grow 6.75% in 2008, versus 7.2% in Asia, 3.2% in Europe and 1.9% in the U.S. Growth rates in several African countries evoke the Asian tigers of two decades ago, prompting keen international interest. In October, London-based New Star Asset Management announced the creation of a $200 million Heart of Africa Fund...
...global nature, until now an asset, might begin to work against it. Security concerns, which were heightened after the 9/11 attacks, became even more severe for SIA in the aftermath of the terrorist bombing in Bali, Indonesia, last October. SIA spent $5.8 million last year to install cockpit doors but won't go into any further detail on its security measures. Worsening conflicts in the Middle East could hurt the airline more than they would most of its competitors, because it has extensive routes throughout that region...
...money manager Bill Miller warned: "The difference between what is unfolding now and the Crash of '87, or the problems with Long-Term Capital Management in 1998, is that they were confined to Wall Street, whereas this issue extends to Main Street and to the value of the biggest asset of most consumers, their house." With lenders tightening the reins, home prices falling and repossessions on the rise, consumer confidence and consumption are already weakening. This will put tremendous pressure on gdp, leading analysts at UBS to estimate the probability of a U.S. recession in the next 12 months...
...returning sophomores on a team made up largely of this age group, is leagues ahead of his classmates in experience. Playing in all 28 of the Crimson’s games last season, the 6’2, Palo Alto, Calif., native is a valuable asset to a Harvard team that is ranked second to last in minutes played by returners for the entire Ivy League. “[Lin is] one of the few sophomores who got playing time last year, so he’s another guy who’s going to have to lead the team...
...University Hall in July to take over as dean of the Faculty of Arts and Sciences, professors and co-workers were confident that Smith’s business savoir-faire would give him a leg up in his new role.“I thought it was an asset,” says University President Drew G. Faust of Smith’s business skills. “It brought a dimension of experience and understanding about management, but it also reflected an understanding of translating the kind of work we do at Harvard into a wider axis...