Word: dependency
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...important points. The first is that as developed nations like the U.S. go into the debt markets to finance deficits, they crowd out smaller nations which have much worse debt ratings, effectively denying them access to the capital markets. The next problem is that poor nations will need to depend more on richer ones for items that are essential such as food and medical supplies. The last point is that global industrial production could be down as much as 15% by the middle of this year, compared with 2008, making the strength of the Chinese and Indian economies less dependable...
...Still, Moskalenko is cautious about her expectations. "I am used to working for 33 years without hope. We just do what we have to do, but sadly the verdict does not depend...
...There is a lot more oil and gas where that came from, if Beijing can bring itself to depend on Moscow as a supplier. That isn't as easy as proximity might suggest. The two countries have never trusted each other. But economics now dictates that historical enmity be put aside. With the collapse of oil prices and the credit crisis, Russia needs cash. China needs fossil fuels; it needs them from a variety of suppliers far into the future - and it has the money to pay for them. Half of the country's massive national savings of $2 trillion...
...dining-hall staff will come together to make visible the very real consequences of these potential layoffs. Hundreds of working people are refusing to be reduced to percentage points on Harvard’s budget charts and are fighting to keep the jobs on which they and their families depend...
...shrinking at a rate of 6% now, but there is nothing in the economic or employment news that keeps us from believing that America will avoid a double-digit drop in GDP If the U.S. skids at that rate, the other large economies in the world, all of which depend on the American consumer to some great degree, will have the hulls of their exports breached below the water line. (See pictures of the global financial crisis...