Word: bottoms
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...global downturn in decades, China's economic growth remained intact. This year, China's GDP will likely rise 9% or more, in contrast to a merely subpar recovery in the U.S. and Europe. For thousands of companies across the globe, anything that threatens China's buoyancy threatens their own bottom lines. (Witness the sell-off in the S&P 500 on Feb. 12, when Beijing's central bank raised by a tick the so-called reserve ratio requirement for its banks.) And nothing, not even massive government infrastructure spending, has driven China's growth more than real estate investment...
...pleasure boaters were warned not to touch the water - and for good reason. Recent testing revealed the presence of heavy metals and pesticides, along with cancer-causing PCBs, concentrated in sediment at the bottom of the canal. The magnitude of the cleanup task seemed to call out for federal intervention. The EPA says its plan will take up to 12 years; the city's more modest plan was judged inadequate by federal officials...
Forty years ago, Richard O'Barry watched Kathy, a dolphin in the 1960s television show Flipper, kill herself. Or so he says. She looked him in the eye, sank to the bottom of a steel tank and stopped breathing. The moment transformed the dolphin trainer into an animal-rights activist for life, and his role in The Cove, the Oscar-winning documentary about the dolphin-meat business in a small town in Japan, has transformed him into a celebrity...
Harvard held a 3-1 lead after the third, but the Spartans tied the score at three in the bottom of the fifth. The score remained knotted there until the decisive tenth inning, when the Crimson could not stop Greensboro after a one-out double...
...problem is that companies are beat-up from the longest economic contraction since the Great Depression. Plenty of economists think the worst is now behind us, but firms are still plagued by uncertainty about how fast the economy will recover. Nor can they plan responsibly without knowing the bottom-line costs of the massive new initiatives out of Washington on health care reform and carbon-emission regulation. Even companies that are financially fit often don't feel like taking the risk of ramping up operations and hiring more workers. There's been political pressure on banks to lend...