Word: directer
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...already clear that the boom years are over. Turkey's banks haven't tottered, but its economy is now starting to. After six years in which growth averaged almost 7% annually, most forecasters expect the economy to expand by less than 4% this year and next. Foreign direct investment poured into Turkey this decade as companies ranging from French insurer Axa to U.S. private-equity firm Kohlberg Kravis Roberts snapped up Turkish assets. But that flood has now been reduced to a trickle. The burgeoning middle class is starting to curb its free-spending ways, and the nation...
...Boom When outside experts look at Turkey's vulnerabilities, they see other weaknesses apart from its dependence on exports to Europe. One of the drivers of growth this decade has been foreign direct investment, but that has dropped by about 40% so far this year. Sabanci Dinçer is right to praise the robustness of the banking sector, but there are some vulnerabilities here, too: several of Turkey's banks have been acquired by foreign companies, including two European banks that have run into financial trouble elsewhere, Fortis and Dexia. Turkey also has a current account deficit that amounts...
...Your cover is a direct insult to those who lived through the Depression. If we can still spend $300 on an iPod, times can't be so bad. Yes, the economy is slowing, but not as severely as TIME has illustrated. John Nicoletti, NAPLES...
...Fortunately, for many of our professional students who do rely on borrowing,” Hogan said, “the federal system, through Direct Lending and the Stafford and Grad PLUS loans, can fully meet their needs...
...this year, and as James Levine pointed out in his program notes, the piece was well worth the wait. With clear melodic lines—as well as juxtapositions of rhythms between sections of the orchestra that created the lopsided sound of hemiolas—the piece makes a direct connection to the emotion of Tchaikovsky’s work, while still sounding new and intriguing. The final chord is, in fact, the same chord of lamentation that begins the last movement of the “Symphony No. 6,” linking the pieces in an even more...