Word: bitting
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...late April revised its outlook for the bank to negative. "The biggest single worry is the economies in the region," says Nick Hill, bank credit analyst at Standard & Poor's in London. "We think they've taken measures to pull in their horns, but it is a bit of a stretch to say they're immune from the environment." StanChart executives insist that their carefully managed loan portfolio can withstand the recession better than some expect. Though they did see a spurt of losses from bad loans while the financial crisis was roaring, managers say the situation improved in early...
...There's a chain of services that depend on our industry." Adds Lipman of the UNWTO: "Tourism is a good development agent because poor countries don't have to manufacture it." Developing nations already have their product--nature, culture, tradition--and all that's required to profit is a bit of investment in infrastructure and marketing. "The market comes to these countries then wanders around depositing foreign-exchange income wherever it's directed, including poor rural areas," Lipman adds. That's a handsome return on investment for any country, developing or otherwise...
...relaxed program was built largely around music and talking points interspersed with a series of videos downloaded from YouTube. The audience sang a verse each of "America, the Beautiful," "My Country 'tis of Thee," and "God Bless America," then watched a video bit from the late comedian Red Skelton in which he invokes one of his former teachers who broke down the Pledge of Allegiance word by word. Pagano then asked the crowd to stand and led them in reciting the Pledge...
...tumbling 38% from 2008. But now that things have hit rock bottom for headhunters, they're seeing companies once again ask for help in filling crucial top spots. "There's a limit to how long you can hold your breath," says Felix. "Things are beginning to ease up a bit. Companies are taking a hard look at the quality of their management and coming to the conclusion that not everyone there is up to the task." (See 10 perfect jobs for the recession -- and after...
...even as pay improves a bit, the perks are dwindling. "The landscape may be permanently changed in terms of what American employers are able to provide in total rewards," says Sejen. "Many employees will be looking at permanently reduced levels of compensation and benefits." The areas where HR officials don't expect to restore spending to pre-recession levels include company health-care insurance contributions, travel reimbursements and retirement savings matches...