Word: growth
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...could be anything from very high quality bonds as opposed to, kind of, the junk that has been sold over the last several years and performed well. It could be the stocks of high quality companies as opposed to the riskier stuff. Our focus is on sustainable and demonstrable growth...
Bernstein: Our U.S. economist, Dave Rosenberg, is not the most bullish economist you'll meet - he's still thinking the GDP's going to continue to decelerate pretty much through 2009 followed, maybe, by slightly better growth in 2010. When the recovery does come it will be somewhat anemic relative to past recoveries. So, he's still looking for what people call a saucer-shaped recovery as opposed to the V-shaped recovery that a lot of people like to talk about...
Catholicism is expanding across much of the developing world, with the highest growth rate in Africa, now a source of ever more priests sent out to work in European and North American countries facing clergy shortage. Latin American Catholics, who had high hopes back in 2005 that one of their Cardinals would fill John Paul II's papal slippers, are battling to hold onto their faithful, who have been moving to evangelical Protestant churches in droves over the past two decades. The current German Pope has focused much of his attention on efforts to reinvigorate traditional Catholicism in Europe...
...sector could ill afford. The banks had just been yanked from the abyss by a government bailout (sound familiar?) made necessary by the 1997-98 Asian financial crisis. And the timing also could not have been worse: the economy was emerging from its deepest recession since Korea's accelerated growth began in the early 1960s. Arguably, a Daewoo collapse was more threatening to Korea than, say, a GM bankruptcy would be to the U.S., simply because the Korean economy is so much smaller. Daewoo had about $50 billion in revenues. The entire South Korean gross domestic product...
...appreciation of the yen slashes Japan's GDP growth rate by 0.3% to 0.4% points, says Masafumi Yamamoto, head of foreign exchange strategy for Japan at Royal Bank of Scotland. "Yen appreciation is also causing the Nikkei [stock index] plunge," he says. And that's affecting the confidence of Japan's businesses. On Monday, figures of the Bank of Japan's tankan survey, a quarterly survey of business sentiment in Japan, fell to a seven-year low. The tankan figure showed the steepest quarter over quarter decline in 34 years. The economy is expected to decline 0.8% for the fiscal...