Word: expectation
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...1.Manufacturing and Labor: When it comes to automotive parts and major equipment in New England, folks ain't interested. Companies there reported double-digit sales declines since last winter, with some firms describing the market as "the worst they can remember." Nearly half of the manufacturers surveyed said they expect their profits to decline through the end of 2009. "The outlook," the Book notes, "is pessimistic." One Boston respondent told Fed officials that the economy's "bearish mood" has even spread to the higher-education sector. Staffing centers are gloomy on the East Coast; says one contact,"Everybody's spooked...
...Iceland. Though they expect credit-crunch delays, the nation's domestic power firms are sticking with plans to nearly treble the geothermal power Iceland produces in a bid to woo companies like aluminum giant Alcoa and tech heavyweight Google. Internationally, a new crop of Icelandic investment firms have started pumping money into projects, offering partners from Djibouti to the Philippines capital, skills and - perhaps most importantly - a sense that this also-ran of renewable energy is really viable. "I think [geothermal power] is the paramount moral obligation of Iceland in the modern world," President Olafur Grimsson told TIME. "There...
...expect peace to break out anytime soon. In a country seething with ancient animosities, it's almost certain that politics will be attended by violence. Ahead of provincial elections in January, there's a potentially explosive Shi'ite-vs.-Shi'ite clash brewing in the south. In Sunni areas to the west and north of Baghdad, a new alliance of tribal sheiks, many of them U.S.-funded ex-insurgents, are challenging the Sunni parties currently in power...
...While it may be extreme to expect U.S. district attorneys to demand the heads of Wall Street executives, the financial crisis has raised the stakes on white-collar sentences...
...monstrous carnage, foreigners shouldn’t be so quick to tell Indians what they did or did not experience. What is true, and a few pundits and pandits get this right, is that the global implications of the attacks will not be similar to 9/11. We should expect the global political climate in the weeks to come to be entirely different than it was eight winters...