Word: expectance
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...result, hardly anyone is expecting a big snapback in the first quarter of next year. Then again, nobody really knows what to expect. There's far less consensus among economists about the first quarter than about the one we're in now. Some (Merrill Lynch's David Rosenberg is an example) think it will be even worse than the current quarter. Others (the majority) think it will be better. But none of that means very much, given that economists are close to hopeless at predicting that far into the future in times as tumultuous as these. It's the performance...
...Halo,” and “Disappear”—show the Beyoncé we all know and love. The trio—characterized by catchy hooks, a twilight synthesizer and an up-tempo clap beat—build up expectations that are flattened by the latter part of the disc. It’s not that the songs are bad or even remotely cacophonous; it’s that we expect more from one of the world’s most electrifying performers. Knowles saves one song from getting lost: an astounding vocal arrangement...
...stellar animated films like “Wall-E and “Ratatouille” have raised the bar too high. But if you’re still interested and you fall into the 18-to-35 age range, I have some advice: don’t expect too much, don’t think too hard, and roll with the hamster. It will be fully awesome...
...From there, Reid and Pelosi detailed a series of hoops they expect the automakers to jump through to qualify for bridge loans from Congress. Ford, General Motors and Chrysler must present business plans to the House and Senate Banking Committees no later than Dec. 2. As part of that presentation, they must prove that, in the long run, they are "viable" companies that not only can repay whatever loans they receive but also can demonstrate that they won't need to come back and ask for more money. The two committees will hold hearings to vet the plans...
...government has done what it can to try to boost growth. The Hong Kong Monetary Authority has sliced its benchmark interest rate to 1.5%, from 6% a year ago. But economists still expect next year to be worse. Goldman Sachs predicts GDP will grow only 2.2% in 2009. In the meantime, Hong Kong's glum populous can at least take comfort in the efforts of one of the city's more esoteric groups. In mid-November, several members collected in Causeway Bay, a popular shopping and restaurant district, to offer people "free" hugs. More such sessions are planned in coming...