Word: boosting
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Dates: during 2000-2009
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...sentimental attachment won't fix the problems the country faces today. A feeble pound should eventually give Britain's depressed exporters a boost, but that might not happen until 2010. Because the downturn is global, most manufacturers expect export orders to fall further in the coming months, according to the British employers' organization, the CBI. In the meantime, British holidaymakers used to vacationing in France or Spain are making plans for breaks closer to home. Outside the Bank of England, which moved to its present central London site in 1734, one oil-industry worker with a fondness for European travel...
...fewer outlets than the U.S., in 2007 its $9 billion in revenue outpaced the $8 billion generated in America, partly because of a strong euro but also because of consistently higher sales. Given that, McDonald's new European investment strategy seems quite clear: provide its operations in Europe a boost by multiplying the number of restaurants capable of serving clients there. And ironically, a swiftly tightening recession may be the best environment in which that can be done. (See the top 10 food trends...
...silver lining of this massive brown cloud is that a boost in those technologies could decrease soot emissions - fast. "We can't fix every environmental problem, but we can make a huge and immediate change by reducing black carbon," says Veerabhadran Ramanathan, Director of the Center for Clouds, Chemistry & Climate at the University of California at San Diego. (Black carbon manifests as soot particles that comprise brown clouds.) While carbon dioxide levels in the atmosphere respond on a sluggish 100-year timescale to reductions in emissions, soot particles, whose effects are equivalent to roughly half the warming damage that carbon...
...effort to preserve jobs, officials are trying to stimulate the domestic economy to make up for lost export growth. In November, the government announced a $586 billion stimulus package, much of which is new infrastructure spending. Taxes on some real estate transactions were also suspended late last year to boost the sagging property sector, which accounts for some 10% of national employment. More steps are likely to come. Analysts expect the government to introduce measures to support the steel and auto industries...
...show some unexpected signs of life. Industrial production revived slightly in December, and loan growth surged. Merrill Lynch said in a report that the fourth quarter of 2008 and this current quarter could be "the trough of this growth cycle," as government stimulus and loose monetary policy begin to boost domestic demand. The data gave enough hope to Credit Suisse's Tao to convince him to keep his 8% GDP growth estimate for 2009. "Double-digit growth won't come back in the next two to three years," says Tao, but the country is still better off than most. "China...