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...quarter on record. South Korea's GDP shrank 3.4%, Singapore's fell 4.2%, and Hong Kong's dipped 2.5%. Eric Fishwick, head of economic research at the brokerage CLSA in Hong Kong, predicts the dismal numbers will persist. He expects GDP in Taiwan and Singapore to contract at double-digit rates this year. "We've never seen an external shock in Asia like this," says Fishwick...
...Convincing Japanese of the need for change is never easy, but Ozawa finds himself tantalizingly close to power precisely because the country so urgently needs fresh ideas. The global recession has hit Japan harder than any other developed nation. Exports are plummeting, Japan's economy is contracting at double-digit rates and the country's industrial giants are reeling. Rarely has "stay the course" seemed so grossly inadequate as a solution, yet the LDP seems unable to mount a credible recovery effort, and the public is fed up with the bumbling half measures of party hacks. (Read "Sony's Woes...
...Markley.Luckily for Harvard, Tay caught fire after halftime. Finishing with 14 points and eight assists, most of the offense passed through her hands, and she spread the flame to her teammates. She was a triple threat, sinking jumpers, foul shots, and sharing the ball with stylish no-look feeds.Double-digit point contributions from four of the Crimson’s five starters allowed for Harvard to pull ahead in the second half and take control of the game, coasting to victory in the closing minutes.Markley claimed the paint as her own as soon as the second period began. In addition...
...quantitative economic forecasts circulated by the Federal Reserve. “I would guess that the risk of the US having a Japan-style lost decade, where the economy goes in and out of recession for years on end, is more likely than the risk of a catastrophic double-digit output collapse,” Rogoff wrote. Rogoff also expressed the need for a speedy response by the Obama administration if the economic situation is to be rescued. “The longer the Obama administration dithers over a decisiveand comprehensive fix to the banking system, the greater the risks...
...That is no small consideration for someone who makes $9 an hour, as my brother did in his job as an administrative assistant for a lighting firm in San Antonio. He also struggles with Asperger's syndrome, a disorder sometimes described as high-functioning autism. Pat can multiply three-digit numbers in his head with ease, but he has trouble accepting the unfamiliar and adjusting to the unforeseen...