Word: fourthly
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Overall economic growth is following suit. In the fourth quarter of 2008, Taiwan's GDP contracted 8.4% from the same period a year earlier, making it the worst quarter on record. South Korea's GDP shrank 3.4%, Singapore's fell 4.2%, and Hong Kong's dipped 2.5%. Eric Fishwick, head of economic research at the brokerage CLSA in Hong Kong, predicts the dismal numbers will persist. He expects GDP in Taiwan and Singapore to contract at double-digit rates this year. "We've never seen an external shock in Asia like this," says Fishwick...
Asia has suffered recessions before, of course. But this downturn is different. Unlike in 1997-98 and 2001-02, Asia's favorite customer--the American consumer--is drastically cutting back. Consumer spending in the U.S. dropped at a rate of 4.3% in the fourth quarter of 2008, the steepest quarterly decline since 1980. Because roughly 25% of Asia's exports ultimately end up in the U.S., the region's manufacturing powerhouses are helpless to counteract this crash. Trade among Asian countries is also plummeting, since much of this intraregional commerce is indirectly dependent on the West. A high percentage...
...thousands—which compare,” Johnson said. With this award, Faust will receive $50,000, an engraved medal, and the title ‘American Historian Laureate.’ President Faust will receive the award at a ceremony April 3. This is the fourth year that the Society, New York City’s oldest museum and research library, has given out the award. The selection process begins with a jury of five people reading all the entries and deciding on finalists. From these finalists the jurors settle on one winner...
Japan's gross domestic product dropped 13% in the fourth quarter. The Russians are so short of cash, they are signing a lopsided 20-year deal for oil sales to China in exchange for a $25 billion loan. Iceland is bankrupt. The World Bank predicted on March 8 that in 2009 the global economy will shrink for the first time since the 1940s...
...experience can contribute to a visual one. The art among which Wei and Wu played—works by artists as stylistically and chronologically diverse as Edgar Dégas, James McNeill Whistler, Fra Angelico, Daniel Chester French and contemporary artist Max Grotjahn—is united in the fourth floor galleries to draw “attention not only to technical and stylistic innovations, but especially to continuities and revivals of themes and styles,” according to the galleries’ posted introduction...