Word: grosse
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After nearly two years of stubborn optimism, Japan's economic recovery seems to be skidding to a halt. Last week's government figures showed that the country only narrowly avoided a return to recession?defined as two consecutive quarters of decline in gross domestic product?with 0.1% gdp growth in the third quarter following a 0.1% contraction in the second. "We are entering a slow patch, and there is no obvious exit," says Peter Morgan, chief economist at HSBC Securities in Tokyo...
Dean of the College Benedict H. Gross ’71 says it is too early to comment on the proposal
...Organization in 2001, tariffs have plunged and foreign rivals have swarmed the country, forcing domestic firms to cut their prices. Although China's economy is still booming, prices for consumer goods actually fell 1% through October this year. Lenovo, which has been under threat domestically from Dell, has seen gross margins from its corporate PC business fall from 14.8% last year to 12.4% in the second quarter of this fiscal year. "Chinese are buying foreign companies out of desperation because of shrinking margins at home," says Arthur Kroeber, managing editor of China Economic Quarterly. "It's not a silly gamble...
...Undergraduate Council meeting last week, Gross expressed concerns that the termbill might become a laundry list of optional fees...
...don’t want to get to the point where every good thing becomes a checkoff on the termbill,” Gross said...