Word: ernsts
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...Germany, a recent study by Ernst & Young indicated that 78% of small- and medium-size companies favor the state embracing "protectionist measures" to shield them from the global recession - up from 43% a year ago. The cause of concern is clear: despite the government's passage of a $65 billion stimulus package, Germany entered its third straight quarter of recession in January. This month, German unemployment shot to 8.3%, from 7.4% in December. (See which country has the best bailout plan...
...nation's premier experts on the financial world, Peter Spencer, chief economic adviser to the Ernst & Young ITEM Club, said that the time to save the U.K. from severe GDP contraction may have come and gone. According to The Daily Telegraph, The Government and the Bank of England have got "days not weeks" to take action to revive the economy or face a prolonged depression...
...rates may be at their lowest since the Bank of England was created more than 300 years ago, and the banking industry may have already received $55 billion in government money, but nervous British lenders are simply not lending enough. The result: British GDP will tumble 2.7% this year, Ernst & Young forecast on Monday, the biggest drop since 1946. "Without additional government intervention," it added, "a deep recession could evolve into a depression...
...units. Why not take Detroit's health-care needs off the automakers' hands and develop a single-payer system before rolling it out on a national scale? Not having to worry about the medical needs of personnel would make Detroit automakers better able to compete with other companies. Matthew Ernst, Ocean Isle Beach...
...units. Why not take Detroit's health-care needs off the automakers' hands and develop a single-payer system before rolling it out on a national scale? Not having to worry about the medical needs of personnel would make Detroit automakers better able to compete with other companies. Matthew Ernst, OCEAN ISLE BEACH...