Word: dippings
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...hard to understand why most observers expect Wall Street to slide fast and far during trading Monday. It opened with an opening dive - its first dip below the 7,000 point bar in more than a decade. And why would the Dow resist the mega-tanking that bourses elsewhere experienced today, amid a flurry of dismal financial and economic news from virtually every corner of the globe...
...Svalbard is a repository for samples from national seed banks across the globe - almost every country in the world has one. Their purpose, of course, is to backup native plant varieties. If climate conditions change or a disease threatens crops currently in use, plant breeders can dip into seed banks to try to grow new crops. The seed diversity preserved in these banks can mean the difference between feast and famine. But the banks that contain our most diverse and important collections of seeds tend to be located in developing countries, where budgets are tight and conditions are less than...
...enough to warrant optimism" that a recovery is around the corner, says Eric Fishwick, head of economic research at brokerage CLSA in Hong Kong, who has maintained his 5.5% growth estimate for 2009. Jun Ma, an economist at Deutsche Bank, argues that China will experience a "double-dip" or "W-shaped" recovery. While the economy may show signs of life in the near term, he believes the current upturn will fizzle and the economy won't hit a final bottom until the first half...
There's an odd game going on in Europe. As European governments dip into their coffers and borrow madly in an attempt to repair their economies, the European Union is cheering and jeering at the same time. The cheers are for the economic-stimulus packages; the jeers come because all that spending is blowing budgets by margins that E.U. rules expressly forbid...
Online citizens may be more plentiful in East Asia, but even there paper rules. In Japan, the average household still subscribes to more than one newspaper. In fact, the Japanese are the world's most avid newspaper readers, despite a dip in circulation over the past couple of years. "One would be hard-pressed to find another country in the world where newspaper companies are publishing several million issues a day," says Yoichi Funabashi, editor in chief of the Asahi Shimbun, the world's second largest daily (after its rival the Yomiuri Shimbun) with more than 8 million subscribers. Nonetheless...