Word: lacking
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Dates: during 2000-2009
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...automobile business is great. Just ask someone who's in it. "People want to buy cars," says Rod Buscher, CEO of Summit Automotive Partners in Denver, which owns 30 assorted dealerships nationwide. And he really wants to sell cars. The problem is that would-be buyers lack either the income or the access to credit that would allow them to drive a new Malibu or Lincoln or Camry off the lot. That won't last forever; in fact, the automobile business figures to be good in 2011 and terrific in 2012 - which also happens to be an election year...
What both the E.U. and Turkey lack is vision. Accession-skeptics on both sides tend to take today's E.U. (still digesting the 2004 and 2007 enlargements), add today's Turkey (sometimes prickly as it struggles to solidify its democracy) and then conclude that this could never work. But by, say, 2020 both Turkey and Europe will hopefully have changed in ways that make them a perfect fit. To throw away that historic opportunity would be a mistake of historic proportions...
...financial storms may have only gathered recently, but noisy, tempestuous crowds like this one have been banding together on London's street for years - securing the freedom of prisoners in the 17th century, protesting the lack of rights for women in the early 1900s and railing against an unpopular tax just under two decades ago. As always, the mood today was mercurial. Organizers of the gathering, a movement calling itself G-20 Meltdown, had promised a "peaceful and fun street party." For much of the protest, that's what they got. While anarchists, many dressed from head...
...glut of investment led to what economists call an "underpricing of risk," as lending standards were weakened and leverage grew. Economists now widely agree that the systemic sloshing about of capital was a recipe for disaster. If a lack of regulation allowed the fire to spread quickly, the global trade imbalance provided the dry kindling to start...
...other words, China will seek to spend more, and the U.S. will seek to spend less. Many economists are critical of the lack of specific policy solutions beyond these acknowledgements, saying the imbalances and the resulting distorting effects on currency exchange rates should have been a central agenda item at the G-20. "Unless and until surplus countries recognize that this cannot continue, no durable escape from the crisis will be achieved," Martin Wolf, author of Fixing Global Finance and the Financial Times' economics columnist, wrote in Wednesday's edition. "Understandably, but foolishly, they are unwilling...