Word: creditably
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...that 2009 GDP will grow 0.1% in Japan, compared with 0.9% in the U.S. and 0.5% across the Eurozone. "Financial-debt-to-GDP ratio is an advantage, and debt in the private sector has not increased, unlike in the U.S. and European countries," says Hiromichi Shirakawa, chief economist at Credit Suisse Japan. "The economy is less vulnerable." Nevertheless, he says, Japan is not an island: nothing points to an economic recovery in Japan unless the global economy picks up. According to Andreas Schuster, head of research at CLSA, a private-equity firm based in Hong Kong...
...There is no denying that the risks of letting GM fail are high. Economists warn that if it fails, GM is more likely to end up with Chapter 7 bankruptcy liquidation than Chapter 11 restructuring. Given the current credit crunch, the traditional bridge loans available to companies in Chapter 11 are all but impossible to obtain. And few consumers would be likely to buy a car - the sale of which depends on long-term warranties, service and parts - from a company in a bankruptcy reorganization. The Big Three and their affiliated suppliers account for 2% of the U.S. workforce...
...disrespect to the Québécois, but the Bixi bike system has been in place in Paris for more than a year [Nov. 10]. I'm sure Parisians would be miffed to find that a city - Montreal - that appropriated its language is now getting credit for a bike system, known in Paris as Vélib', that has already met with much acclaim across Europe. Jonah Peppiatt, BOSTON...
...sophomore Teddy Himler said. A lack of wind on Saturday prevented any races from occurring, and heavy winds on Sunday caused the Crimson to readjust its lineup, switching out its normal crews for heavy crews Himler and sophomore John Stokes. “I give them a lot of credit for their performance this weekend,” captain Jon Garrity said. The sophomore tandem of skipper Alan Palmer and crew Stokes sailed in the A division, placing 11th overall. Meanwhile, skipper Garrity led the way for Harvard in the B division, pacing the boat to a first-place finish...
...likely to get rough. Saturday’s pairing of Harvard and Penn—going into the game tied for first in the Ivies with Brown at 4-1—was nothing if not physical. “I give our kids a tremendous amount of credit for everything they’ve had to overcome, and the way they’ve fought and persevered, and I couldn’t be prouder of them,” Penn coach Al Bagnoli said. “And I give Harvard credit for coming up with some...