Word: growth
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...what most Japanese already suspect: its current leaders are looking increasingly unprepared to deal with what may be the country's greatest challenge since the end of World War II. Japan's economy, the world's second largest, is contracting at the fastest rate among all developed nations. GDP growth in the last quarter shrank at an alarming annualized rate of 12.7%, Japan's worst showing since the 1974 oil shock. But instead of taking vigorous steps to counteract a worsening recession, Prime Minister Taro Aso is lurching from one embarrassing gaffe to the next, and seems in imminent danger...
...Asia, and particularly for China, where Shangri-La already has 27 hotels including entries in up-and-coming cities like Wuhan and Dalian, where business has been holding up better than in major metropolitan areas like Beijing and Shanghai. "We do still see medium- to long-term opportunities for growth for all the areas we are getting into," Rao says. "We are in this for the long haul...
Even as Europeans and North Americans abandon their paid subscriptions - newspaper circulation contracted by 1.84% and 2.14% respectively in 2006-07, according to WAN's most recent figures - Asia's grew by 4.74%. In India alone, 11.5 million new newspaper readers were added in 2008, and ad growth is chugging along at around 10% - less robust than over the past two years but still remarkably strong. "Many people can't enjoy their morning cup of tea without their newspaper," says Rahul Kansal, chief marketing officer for the Times of India, the world's most read English-language broadsheet...
...budget. Having just squeezed through Congress what may be the largest spending bill in history, the President now needed to do something that would make the stimulus fight look easy: show the country and the world that he was as serious about preventing waste as he was about promoting growth. Only a lean federal budget would restore consumer confidence, keep congressional spending hawks in line and reassure wary foreigners so they would keep lending America the money it needs to climb out of this deep, dark hole...
...there were no split feelings about the trip. Regardless of wins or loses, the retreat provided an excellent way to get to know the team, each other, and all the meanings of the word “pizza.” Perhaps the radio exemplified our growth the most. What began as the faint, nervous humming of song lyrics on the way to Cornell progressed into a full out karaoke fest in Tim’s car by Saturday night.All things considered, the retreat represented the birth of a unified beat team willing to cover a team?...