Word: distress
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...down the supply chain. "There are people who say you can still export to the emerging economies, especially in Asia," says Jun Saito, director general at the economic research bureau for Japan's Cabinet. "But you can't rely on exports to Asia for very long." This distress was reflected in Japan's most recent Tankan index of confidence among large manufacturers of cars and electronics, which fell to its lowest level in five years...
There's no way to tell during this current distress whether we're repenting or just retrenching. THRIFT-store sales are up. Cars are shrinking. P. Diddy retired his private jet to save on gas. In hard times, people often rediscover the peace that prudence brings, when you try to spend a little less than you have because tomorrow might be worse. But that feels almost un-American; we're optimists by nature, and we've been living large for so long that solvency feels like a sacrifice. It will take some sustained character education--and leadership--to understand that...
...banking sector. "We want to hope that this will improve the resilience of Russia's financial markets in the long term," he says, "although in the near term the process could be painful." Renaissance says it had been in talks for some time and didn't act out of distress. But its move came a few days after the first financial institution fell victim to the crisis, a boutique investment bank and brokerage firm called KIT Finance, which defaulted on its debt when the markets shut down; it was rescued by an investment arm of the state energy giant Gazprom...
...volume of Byron dangled from one hand. He was staring off at nothing in particular.Timidly, Roxanna inquired if anything was the matter.“The Viscountess has vomited on the terrace,” Frederick said.“Alas!” cried Roxanna in virginal distress. “She is ill again?”“Yes, again,” said Frederick, allowing his hair to fall across his face, creating, thought he, a brooding effect. “As are we all.”“Surely...
After millions of deaths and years of muddled government policies, a groundswell of distress at maternal mortality rates is at last stirring action. At the July G-8 summit of industrialized nations in Hokkaido, Japan, leaders for the first time discussed maternal deaths as a crucial obstacle to development. And there has been progress. Some poor countries have shown rapid results from investments in maternal health: in Honduras, for example, maternal mortality rates dropped about 50% from 1990 to '97 after officials opened scores of rural clinics and trained thousands of midwives. Nepal and Sri Lanka have trained midwives...