Word: basketed
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...eclipsed other sectors. London was once a major center for industry, for example, but manufacturing now accounts for just 6% of the city's output, half the proportion of two decades ago. Has London become too reliant on a single industry, putting all of its eggs into one volatile basket? "Obviously people see it as a risk, and if there's a prolonged downturn, it will become an issue," says Andrew Goodwin, a senior economist at Oxford Economics, who nonetheless believes that while "there is a concern about dependency, financial services have done well historically." At the Guildhall, which...
Africa is widely regarded as a world leader by measure of basket-case symptoms - war, disease, famine and humanitarian disaster. The continent has a greater share of its people mired in poverty than any other, and it hosts the world's two greatest humanitarian crises, Darfur and Somalia. So it may come as a bit of a surprise to many that much of Africa is doing rather nicely, in some cases recording healthier economic expansion than nations in the industrialized world. Even amid the financial meltdown in the West and dire predictions of a global recession, the International Monetary Fund...
Cradling a basket piled high with firm, round loaves of bread, tender grapes, and delicately decaying cheeses, Roxanna sped merrily across the Piazza del Duomo. An overturned box of lettuce had delayed her morning’s errands—it had taken nearly fifteen minutes of apologies to soothe the withered old grocer—but Roxanna’s step was light. Surely the Viscount and Viscountess would not mind. Look how the dome of the Santa Maria del Fiore caught the mid-morning sunshine. Look at those clouds bounding through the blue...
First, there's not a lot in the preceding pages to support Theroux's proclamation that the world is going to hell in a hand-basket. And second, anyone who thinks that about most of the places covered in Ghost Train is clearly not paying attention. The Cambodians, the Vietnamese, the Russians, the Indians - their world is "worsening?" Compared to 30 years ago? If Theroux actually believes that, it tells us more about the author, 30 years on, than the places he has visited...
...like disaster (See photos of Hurricane Gustav here). But eventually, disaster will visit the peninsula, and it's still not clear who's going to pay the tab. "It's going to be a financial nightmare," says Cecil Pearce of the American Insurance Association. "Florida is the nation's basket case...