Word: creditably
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...first question appears to have an easy answer. Most reports credit South Korean chain Red Mango with starting the trend when it began selling tart frozen yogurt in 2002, years before Pinkberry opened the first similar store in the U.S. Soon there were dozens of shops offering the treat, and as the market grew crowded, the competition grew fierce, with law suits and allegations of peddling unnatural "yogurt" flying between store owners...
...company's annual meeting in June. GM plans to raise another $4 billion to $7 billion by selling off assets like its Hummer brand. That is all part of the company's realization that it will be difficult to raise cash from external sources because of tight credit markets...
...does the senselessly destructive fishing practices that have us tossing dynamite or poison into the waters. One of the best strategies is to expand the range of territory protected by marine reserves - national parks of the deep. And here the Bush Administration - usually anything but environmental - deserves real credit. With a stroke of a pen in 2006, President George W. Bush created the Papahanaumokuakea Marine National Monument, a 140,000 sq. mi. protected area northwest of Hawaii. Larger than every other national park in the U.S. combined, the monument protects 10% of the shallow coral reef habitat in U.S. territory...
...Policymakers and central bankers are scrambling to raise interest rates and tighten credit to get inflation under control. But these same measures suppress the investment and consumption that generates growth, threatening to put the brakes on Asia's unusually fast and relatively untroubled expansion. Glenn Maguire, chief Asia-Pacific economist for Société Générale in Hong Kong, estimates that GDP growth in East Asia (excluding China and Japan) could sink from about 6.5% this year to 5% in 2009, the slowest rate since 2001. Inflation, Maguire says, "is the largest risk to Asian growth...
Financial Risk Across Europe, banks have put a brake on their lending, both to individuals and to companies. Indeed, credit conditions have so drastically tightened that Mehta of Ernst & Young jokes that, for a first-time home buyer in the U.K. these days, "getting a mortgage is like winning the lottery." That's an inevitable reaction to a slowing economy and the worldwide financial squeeze triggered by the U.S. subprime debacle. What nobody can predict with certainty is whether there are any huge financial risks still lurking undetected; in the aftermath of the subprime crisis it turns out that many...