Word: businessese
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China now allows most of it major companies to be privatized and traded on public stock exchanges. It is the largest owner of U.S. Treasuries in the world and a major investor in private businesses through its sovereign wealth fund. The Chinese banking system has clearly been developed by the...
The liberalization of China's business may recede to some extent because the recession will cause the level of government support for the economy to grow to keep GDP from contracting. The nation's prime minister says GDP will grow 8% this year, which seems nearly impossible. But if the...
See what businesses are doing well despite the recession.
The market may have to go through the tragedy of a self-correction that combines agony and duration. The economy may run through a cycle in which unemployment increases until labor costs fall to a nearly unimaginable level. Businesses will begin to hire again because they will have access to...
The powder has really propped up Eastern operators, who have been bopped with a series of big storms. "East of the Mississippi, we're seeing [snow] levels at or above record levels," says Berry. New York and New England resorts have several advantages during a recession. First, they're cheaper...