Word: bullishness
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...Brack is bullish on the recycling idea even though the prices for recyclables have crashed during the international financial crisis. The prices for paper, glass and other products in the U.S. have plummeted in recent months, falling more than 75% in many areas. So Brack is busy promoting the policy in person. He was at the center of the Jan. 22 kickoff of a new recycling campaign by the local branch of U.S. paper manufacturer Kimberly-Clark. He played master of ceremonies in a tuxedo made from recycled paper, crafted by one of Peru's top fashion designers. Kimberly-Clark...
...Walker, an economist at an independent Hong Kong research firm called Asianomics. In his thick Scottish accent, Walker predicts the worst global recession since the Great Depression. GDP in the U.S., he says, could contract as much as 5% in 2009, and Europe by 2%. He is no more bullish about the economies in his area of specialty: Asia, a region where most of his colleagues foresee more buoyancy. China won't see GDP rise more than 4% in 2009, he says, and the country's economy may not grow at all. "There is going to be precious little growth...
...There are some bright spots. Walker is relatively bullish on India, which he believes could growth 3% to 5% in 2009, possibly making it the world's fastest-growing economy. The reason, he says, is India isn't as exposed to the global downturn as China. "India has not been growing in the past decade because of excess world growth," Walker says. "Domestic demand is the strong component." He also argues that Asia could take the lead in a global recovery, and might show signs of an upturn by early 2010. The turnaround will be sparked by Asian companies, which...
...badly needed new jobs in the process. As part of that expansion plan, McDonald's says it will add about 400 new McCafés to the 800 outlets it already operates in Europe. Viewed from any angle, this kind of spending indicates that Ronald McDonald is feeling bullish about his future in Europe - the dismal global economic slowdown be damned. (See pictures of what the world eats...
...based on 12 temperaments represented by 12 symbolic animals - rat, ox, tiger, rabbit, dragon, snake, horse, sheep, monkey, rooster, dog and pig (the dragon being the well-known favorite). After 12 years, the cycle restarts, matching the length of Jupiter's solar orbit. (Read "China Not So Bullish About the Year...