Word: demanding
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...world's currency reserves at the end of 2008, down from 67% three years earlier. There remains great incentive for countries with large dollar reserves, like China and Japan, to continue to invest in dollar assets to preserve the value of their holdings. Besides, replacing the dollar would demand a level of cooperation among the world's major economic powers that is difficult to achieve. Although China and Russia reiterated their calls for reform of the global currency system at last week's G-20 summit in London, the issue barely got any talk time. (See pictures of London protesting...
...itself out without substantial government intervention. They posit that, no matter how painful the adjustment, it is better for the economy to move to or beyond the brink of collapse on its own so that the resulting inexpensive labor, goods, and services can eventually cause a tiny spark of demand which will eventually turn into a raging recovery. These analysts may be right, but nearly everyone is frightened by the prospect of the carnage which would go along with the economy "improving itself" without government intervention. If unemployment gets worse much faster and the government's plans for making...
...Services has long been criticized for catering solely to those students pursuing work in finance and consulting, while neglecting those who sought guidance in other sectors. But as the economic downturn has dramatically affected the career interests and needs of undergraduates, OCS has adapted remarkably well to a shifting demand. OCS has faced the same tightening of the belt that has affected the rest of the University. In an effort to cut operation costs, OCS is considering eliminating one-on-one counseling in July. But even amidst sweeping budget cuts across the University, OCS has adapted to the current situation...
...clients. "First the housing market tanked, then consumer spending plummeted, now business investment is nose-diving." Hey, at least it didn't all happen at once! Peter Morici, an economist at the University of Maryland's Smith School of Business, offered a gloomy scenario: "Lacking confidence that the demand for what Americans make and sell will recover significantly anytime soon, businesses are girding for a long siege - slashing employment and dividends and hunkering down," he wrote in an e-mail. "They are preparing for a depression and the eclipse of American leadership...
this potential demand made me create it, a process that took less than