Word: firmness
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...German firm Müller-BBM, a leader in its field, had been hired at the start of the reconstruction to bring the theater's acoustics back to their former glory. However, in the past few months, as the financial crisis has torn through Russia, Vedernikov learned that the firm's contract had not been renewed. A Russian institute without Müller-BBM's expertise has been brought in to carry out the work instead - a move to which the music director is vigorously opposed. "When I hear [Moscow Mayor Yuri Luzhkov say] that it is very important...
Economist David Rosenberg, of investment firm Gluskin Sheff & Associates in Toronto, says Canada's trade deficit is the result of an overvalued loonie bumping up against a lingering downturn in U.S. consumer spending. "The Canadian dollar's overvaluation is a major impediment to the manufacturing sector," says Rosenberg, former chief economist at Merrill Lynch in New York City, noting that the loonie has overshot its real value by about...
...talk about economic variables in public conversation. "One of the things that gets lost is the fact that there are ways of trying to assess errors in forecasts," says Robert Eisenbeis, a former researcher at the Atlanta Fed who is now chief monetary economist at the money-management firm Cumberland Advisors. "It's possible to think about these forecasts not as 'GDP is going to be 0.6% this year' but as 'GDP is going to be 0.6% plus or minus something.' What's relevant is how big that plus or minus...
...were a Wall Street firm, I would perhaps be cognizant of the fact that the financial regulatory-reform process is only beginning in Congress," warns a senior White House official, speaking about the political problems that huge paydays at Wall Street firms could create later this year, when new laws to regulate the industry will be written on Capitol Hill. Officials have also begun to worry aloud whether the Wall Street firms learned anything from the catastrophic financial crisis that was largely of their making or whether they are now returning to the old business of making short-term profits...
...Andrew Barber, Asia strategist for Research Edge, an equity-research firm based in New Haven, Conn., believes Beijing's National Bureau of Statistics "well understands that there are doubts in the markets about the reliability of China's data. But unlike a year ago, they are actively trying to take baby steps toward more transparency." Government statisticians recently announced that they would work with the Organization for Economic Cooperation and Development to improve data quality...