Word: gloom
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...Government action could shield the Chinese economy from the worst of a global slump. Indeed, economists currently say China ought to remain a relatively bright spot amid the economic gloom. Merrill Lynch estimates that China will account for 40% of world GDP growth in 2009. Continued strong Chinese demand for raw materials, machinery and consumer goods is expected to prop up other Asian economies - the region as a whole is projected to dodge a recession next year...
...debt binge, we'll at least be able to do it ourselves. An era of thrift may be necessary now, but at some point, Americans are going to have to feel like spending again for the economy to grow. It's just hard to see, amid the current economic gloom, when that day will come...
...gloom descends, a question is starting to make the rounds--one that London hasn't really asked itself before: Has London become too reliant on a single industry, putting all its eggs into one volatile basket? "Obviously people see it as a risk, and if there's a prolonged downturn, it will become an issue," says Andrew Goodwin, a senior economist at Oxford Economics, who nonetheless believes that while "there is a concern about dependency, financial services have done well historically...
...doom and gloom, however. The UAE government has funneled $33 billion into the country's banking system to calm the nerves of depositors and investors, promising coverage to foreign as well as local institutions. If the credit crunch shakes out speculators, known as "flippers," from Dubai's real estate market, that could help stabilize wildly inflationary conditions. "I am not necessarily thinking we are in a crash scenario," EFG-Hermes managing director Hashem Montasser tells TIME. "There is still genuine demand. Economies here are still growing. Overall, the economic situation is still very sound. We will see a deceleration...
...probably was lying when he promised the anxious parents of 1940 that "your boys are not going to be sent into any foreign wars." Always be sincere, Harry Truman said, even if you don't mean it. The presidency is less an office than a performance: Who saw the gloom and glower behind Eisenhower's incandescent grin? This is why temperament descends easily into caricature: the feisty Give-'Em-Hell Harry, the cool-as-crystal Kennedy, the Vesuvian Lyndon Johnson. "We've taken temperament and turned it," warns presidential historian Richard Norton Smith of George Mason University, into "vaudeville...