Word: demand
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...China's GDP has to stop falling and hold at a level of 6% growth. If it drops well below that, it means that demand for inexpensive manufactured goods in the U.S., U.K., and E.U. has dried up completely. If China economic expansion holds, even at levels that are low compared to the last decade, there is a sign that economic activity in the West still has a pulse...
...sell opinion on shares of GM, which are commanding a mere $2.04 a share - about the price of a subway ride in New York City. Observing that the industry is gripped by an "automotive depression," S&P's Efraim Levy added, "We do not foresee an uptick in industry demand before Q4 '09 at the earliest." Chrysler was spared a similar indignity because it is privately held...
...Solving this problem would seem, at first, to be simply a matter of funding. If the endowment cannot sustain a major capital expenditure, then find a donor like Harkness. When schools like the GSAS are cutting their admissions by 10 percent, the College has no right to demand more comfortable housing—however crucial it may be to intellectual development. So why not turn to Rich Uncle Pennybags, some...
...university. Such practical considerations are necessary to sustain centers of higher education as precisely that: institutions of learning. In this way, donations from men like Harkness and Rockefeller are crucial. Rather, the problem lies in an irrational glorification of these ideals—naming opportunities or a demand for unreasonable results, for example—that imposes the values and accomplishments of the philanthropist upon the beneficiary...
...China's appetites are good news for manufacturers in demand-depressed Europe. Last Wednesday, Beijing's Commerce Minister Chen Deming arrived in Germany with executives from about 90 Chinese companies, on a multi-billion-dollar shopping trip around Europe. The delegates signed more than $10 billion worth of deals in Germany alone, and another $400,000 worth of deals on a brief stop in Switzerland. Next stop was Spain, where the Chinese party bought about $320 million worth of goods ranging from auto parts to olive oil. Finally, in Britain they signed deals worth about $2 billion, including ordering...