Word: growths
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Dates: during 1990-1999
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...John Snow, chairman and CEO of transport giant CSX Corp., echoing the sentiments of many of his peers. "There is not a huge stock of inventories to work off. We've gone to a just-in-time type of economy. A quarter or two of shallow recession or reduced growth is all I see, and when that is finished, I think you will see that the rest of the world is starting to recover." Says Atlantic Richfield chairman and CEO Michael Bowlin: "You can create scenarios that go either way. You can create scenarios where Asia will muddle through...
...forecast prepared for Greater Louisville Inc., the metropolitan area Chamber of Commerce. The chamber study predicts that 6,000 UPS jobs "will spawn nearly 8,000 additional jobs" throughout the region. It is estimated that all those jobs in turn "will generate more than $477 million annually in payroll growth." As is the case with many economic-impact statements, the numbers are fuzzy. But whatever the case, growth would have occurred somewhere in the U.S., perhaps even in Louisville, where UPS is already heavily invested. To remain competitive, UPS had no choice but to build an air-hub facility somewhere...
...economy, at least initially, by boosting its exports. But if the dollar falls too far, that would make it harder to fund the swelling U.S. trade deficit and could force the Federal Reserve to keep interest rates higher than it would otherwise. That, in turn, could slow U.S. economic growth...
Already, European officials and business leaders fear that an overvalued euro could hinder their exports, while higher interest rates and slower growth in the U.S. would deprive the world economy of its most dynamic engine. "We all need to see the U.S. growing," says Jean-Pierre Hellebuyck, European equity strategist at insurance group AXA Asset Management. "Europeans can't afford to see the collapse of the dollar...
...biggest winners in all this could be the U.S. investor who bets on the euro's boost to European growth. "For the American investor," says J. Paul Horne, equity-market economist with Salomon Smith Barney in London, "the euro zone will be one of the few places in the world with risk comparable to that in the U.S. and with the kinds of structural changes that we saw in the U.S. over the past five years: balanced budgets, increased competitiveness, productivity gains...