Word: globalization
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Dates: during 2000-2009
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Despite investor worries about the U.S. debt, China's excesses and commercial real estate the world over, veteran global investor Barton Biggs says the global recovery now unfolding is going to be powerful. Biggs, who heads New York hedge fund Traxis Partners, spoke with TIME contributing editor John Curran on the outlook for world stock markets. (See 25 people to blame for the financial crisis...
...bears would argue, but just flatten out. The thing that is different this time is that the developing countries are coming out of this thing very strongly and their own domestic demand is going to sustain them. So they are going to be an important driving force for the global economy. It's worth noting that developing economies are now 35% of the global economy. They are going to be a new factor...
...latest data suggests just the opposite. While the bears are talking bubble, the new numbers show that industrial production slowed in the most recent month, and also that the volume of new loans made in July was down pretty dramatically. That's good news. (See pictures of the global financial crisis...
...before the third quarter," says Gilles Moec, a European economist for Deutsche Bank in London. "But the improvement is rather thinly spread, and not necessarily sustainable. A lot will depend on whether the positive activity in exports and consumer spending continues, which may prove difficult." (See pictures of the global financial crisis...
...fiscal year ending March 31, along with an accumulated debt of $3.5 billion; that debt load is expected to rise to $7 billion by 2012 if it takes delivery of 111 new aircraft already on order. Air India alone accounts for 10% of the total projected losses for the global airline industry this year - even though it carries just 0.35% of global traffic. Air India is suffering from an aging fleet and a bloated staff roster of 31,000 permanent employees and 20,000 contract staff; its labor costs amount to 18% of its total operating expense, the highest ratio...