Word: fallings
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...have seemed absurd. After all, China's economy was dependent on manufacturing, which was in turn dependent on demand from the U.S., the world's undisputed economic locomotive. But that engine remains sidetracked. The IMF predicts the U.S. economy will contract 2.6% this year. American home prices continue to fall in some cities, while the unemployment rate has soared to 9.5%, the highest since 1983. The U.S.'s much ballyhooed stimulus plan has so far yielded little measurable benefit, save putting some spark back in stock markets. The absence of real signs of recovery has Washington discussing the possibility...
Jobbik may look different to its corporatized Western European counterparts, but it's being lifted by the same underlying forces: fears of invasive foreign cultures and of global competition, and a profound disaffection with mainstream politics. The excitement with which Hungarians embraced multiparty politics after the fall of Communism has curdled, with confidence in mainstream parties damaged by their perceived failure to tackle the country's economic woes. "It is a kind of vacuum," says Attila Pok, a historian with the Institute of History at the Hungarian Academy of Sciences in Budapest. "A great number of voters do not believe...
...more than 2 billion discs to its 10.6 million subscribers, who return them in the familiar red envelopes for more titles. (Think of Amazon.com but as a DVD-lending library instead of a bookstore.) Wall Street generally likes Netflix, whose Nasdaq stock price has more than doubled since last fall, and so does the public; the company has the No. 1 customer-satisfaction rating among online retailers. (Richard Corliss on how to improve the DVD giant: Five Ways to Fix Netflix...
...handful of builders are now pushing play. Because for some, we have reached an era of land deals too good to pass up. Last fall, GMAC, the onetime finance arm of automaker General Motors, was in meltdown mode, begging the government for funding and trying to raise cash. One salable piece of its portfolio: 84 homesites in Hidden Springs. Jim Hunter, of Boise Hunter Homes, was there to buy. Hunter figures GMAC had already plowed about $88,000 per lot into the neighborhood by laying down streets and sewer lines. In the fire sale, he spent...
...Feinberg, the Washington lawyer who had the thankless job of figuring out how to compensate victims of the Sept. 11 attacks, is now hard at work - as a "special master" appointed by the Treasury Secretary - figuring out how to compensate employees of corporations bailed out by taxpayers since last fall. The House and Senate are crafting legislation that includes "say on pay" shareholder votes on executive-comp packages and (in the House version) calls for regulators to vet incentive pay at financial firms on an ongoing basis. The Securities and Exchange Commission is for the first time attempting to claw...