Word: gap
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There are reasons, however, to think--and devoutly hope--that any slide in the dollar will be modest and gradual. Though the gap is shrinking, economic growth will remain faster in the U.S. than in Europe--and certainly than in Japan--for this year at least. Asian countries are recovering rapidly from their 1997-98 debacle; forecasts for expansion this year range from 3.4% in the Philippines to 6.8% in Malaysia. But Asian economies must reduce a huge overhang of debt before they can siphon away any investment now going...
...taken a while, but Europe's leaders have begun to recognize the need for labor reforms along lines familiar in the U.S. They have started to talk about promoting lifelong learning, lowering taxes on labor and increasing the gap between what a person gets on welfare vs. on the job. Indeed, Europe's overall fiscal health and strong growth prospects present a golden opportunity to launch those moves. But like all other opportunities, it may be fleeting. Says Romano Prodi, head of the European Commission, the regulatory arm of the E.U.: "We must act now, because the challenges facing...
...version of the Information Society. According to a study commissioned by Microsoft, Western Europe will face a shortage of 1.7 million information-technology (IT) professionals by 2003. European firms provide only 25% of the E.U.'s information-technology needs, the European Commission says, and American companies gladly fill the gap...
...programs.) Last week CBS's gross, engrossing adventure game show Survivor (Wednesdays, 8 p.m. E.T.) was a phenom for many reasons: it had America buzzing, and it took a piece out of ABC's hit Who Wants to Be a Millionaire. But, above all, it showed that the generation gap is alive and well, in society...
...Knowledge of the war would not have been as widespread without the Schmooze list," Hoffpauir says. "It helped to bridge the gap between the House committee and the rest of the House...