Word: growth
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...recession has been good to McDonald's. As consumers trade down to cheaper, faster food on the go, McDonald's has kept up its growth during the downturn. Same-store sales rose 4.3% for the quarter that ended March 29. Profits were up 4%, to $980 million. In this economy, that's an explosion...
...years and that McDonald's is not specifically targeting Starbucks. "We don't need to talk about someone else to justify our business," says Thompson. McDonald's is just trying to grow, he says, by capturing share in a high-margin sector - specialty coffee - that has shown consistent growth. Whether you believe the company's motives or not, the bottom line is that McDonald's seems positioned for success...
...There's pretty widespread agreement that the recovery, when it comes, won't be robust. "Even after a recovery gets underway, the rate of growth of real economic activity is likely to remain below its longer-run potential for a while," said Bernanke in his testimony to the Joint Economic Committee on Tuesday. That means unemployment will keep rising even after the economy has stopped shrinking. And if unemployment keeps rising, consumer spending won't rebound strongly, bank-loan losses will keep rising and a recessionary relapse isn't out of the question. The next monthly employment report, due Friday...
...relate to Qian's frustration. Whether it's check-in staff at airports, hotel porters, taxi drivers or restaurateurs, millions of people who rely on tourism for their living are feeling the icy chill of the worldwide recession. Between 2004 and 2007, global tourism boomed, with an average growth of 3.6% a year. But as consumers tightened purse strings and canceled vacations in the second half of 2008, tourism's contribution to the world economy grew by just 1%, the industry's worst performance since the bursting of the high-tech bubble, the outbreak of SARS in Asia...
Your issue gives us 10 convincing pages on how to restart worldwide economic growth, followed by 10 equally convincing pages on the New Age of Extinction caused by worldwide growth of human activity, a deadly danger to many species, including our own. The clash of these two conflicting principles signals we are at a threshold: shouldn't we quit being obsessed by growth at any cost? Shouldn't we rather aim research, money and industry on how to achieve stable, balanced evolution? Nicolas Gessner, PARIS...