Word: dependability
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Financial journalists have learned that they can always depend on the market to make them look like suckers. In January, Time forecast a relatively sunny outlook for European investors. Although the mercurial U.S. economy was already clearly in trouble, Europe seemed to be on course for sustained moderate, healthy growth. Actually, that still appears true. Economists surveyed by London's Consensus Economics are predicting that U.S. gross domestic product will grow less than 2% in 2001 - down from a blistering 5% last year - but they expect European Union economies to expand by roughly 2.6%, off only slightly from last year...
...coming weeks, then, much will depend on the choices made by Macedonia?s Albanian leaders. The mainstream parties have urged the rebels to lay down their weapons, but they have also warned that they cannot support a government counter-offensive which results in civilian casualties. But if the confrontation continues to escalate, their relationship with the government in Skopje may become untenable. If the rebels find enough support among ordinary Albanians in Macedonia to extend their insurgency beyond Tetovo and its surrounds, civil war will have become a reality. And that would inevitably force NATO, against all its instincts...
Opponents of the boycott, which include guide publisher Lonely Planet (now also a target of activists for its stance), argue that since state control of the industry loosened, visitors hand money directly to tens of thousands of ordinary Burmese who depend on it. Since when, they add, was isolation good for human rights? Think North Korea. And when did any leader, even such a beacon of resistance as Aung San Suu Kyi, speak for an entire party or people? The nld is split on the issue. The Burmese, who extend Southeast Asia's warmest welcome to tourists, are clearly happy...
...Partners: "We've come to the end of the pioneer cycle." Venture capitalists are at the heart of that change. Before the markets turned south, such folks had a clear, highly lucrative exit route from almost any dotcom in which they invested: an initial public offering. Now, as they depend on alternative exit strategies such as trade sales - in which a company is sold to an existing firm in the same industry - the VCs are subjecting potential new investments to scrutiny reminiscent of a more sensible time. "We're going back to the Old Economy rules for investing," says Carlo...
...will depend on consumers, and whether the slowdown has affected their summer travel plans. Between gasoline and jet fuel, if people are traveling in large numbers, that increase in demand - combined with production cuts - could push up prices over $30 again. And that's where it starts to be a real damper on the economy...