Word: growth
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...Asian financial crisis, the region's financial institutions went into the current Great Recession with robust balance sheets that they can now leverage up by acquiring the assets that Western banks are shedding. China's banks are in a particularly sweet spot. Grown fat on years of sizzling GDP growth, Bank of China (2008 profit: $9.7 billion) has a leverage ratio of only...
...effects of the $787 billion Recovery Act in the next three months than had seen them in the past three. "People are at work in every state in the nation that would not be at work if not for the act," said Biden. "But the speed of job growth will really pick up in the next few months...
...reshaping,” Smith repeatedly turns to the Faculty, casting his non-answer as an opportunity for professors—particularly those in the working groups—to propose “innovative” solutions for the remaining $143 million deficit. When asked to explain the growth of the administration in the past few years, Smith reverts to stock optimism: “I’m a very forward-looking person,” he says. When asked to comment on budget plans that could impact a particular group of people, Smith responds by simply affirming...
...virtues and imperfections are the foundations of my own. I love Harvard, will always love Harvard, and will fight—from near or far-- to make it a better place. And I thank you--my teachers, students, colleagues, and staff--for being the trellis of my growth and the flowering vines on my trellis...
...Administration is committed to returning to fiscal responsibility - pushing deficits down to 3% of GDP - in the "medium term." On his first visit to Beijing, the Treasury Secretary could claim to his Chinese hosts that the necessary precondition for that return to fiscal sanity - a little bit of economic growth - might be on the horizon. Considering where things were the last time he met China's Premier - in October of last year, when the global economy was, as Geithner says now, "falling off a cliff" - that's not nothing...