Word: growth
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...companies have seen their export subsidies rise because their markets worldwide were shriveling, and a panicky Beijing was spooked by the prospect of massive unemployment if factories shut down. "By transferring wealth from households to boost the profitability of producers, China's ability to grow consumption in line with growth of the nation's GDP is severely hampered," says Michael Pettis, a finance professor at Peking University's Guanghua School of Management. Indeed, although China is also subsidizing some consumer purchases and retail sales in China were up about 15% in the first nine months of 2009, consumption...
...funny thing happened on the way to rebalancing: the worst economic crisis since the Great Depression. The Chinese response to sharp declines in manufacturing and exports has been cheered for its effectiveness. Government stimulus spending and loose credit powered the country's economy to an 8.9% growth rate in the third quarter, and the most recent Purchasing Manager's Index (PMI), a widely watched gauge of economic sentiment released on Oct. 30, rose for the eighth straight month. It now shows "sustained expansion in industrial activity," says Jing Ulrich, managing director at JPMorgan in Hong Kong. At the same time...
Cooper, 29, is a private-security detective, one of many who patrol once prosperous enclaves like Palmer Woods, Boston-Edison and Indian Village. With the city's police force cut more than 25%, private security appears to be one of Detroit's few growth industries. Local precincts are overwhelmed with shootings and other violent crime, leaving companies that supply home protection with long customer waiting lists. "People put a premium on security when unemployment and crime go up," says Larry Dusing, founder of Dusing Security & Surveillance, which has expanded into three neighborhoods. (See pictures of Detroit's beautiful, horrible decline...
...city’s fiscal responsibility is another issue of concern to candidates. Cambridge’s city budget grew by 2 percent this fiscal year from the year before—a growth, according to City Manager Healy, that in part alleviates the $9.7 million reduction in state aid to the city...
According to a Pew Research Center study released last week, 39.6 percent of all 18- to 24-year-olds—or 11.5 million students—were enrolled in a two- or four-year college last October. The increase derives primarily from dramatic growth in community college enrollment, according to the study...