Word: lam
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Dates: during 2000-2009
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...Dems have supported the winning UC candidate three years in a row, and, in the aftermath of their endorsement meeting, have traditionally lent manpower and organizational expertise to their chosen ticket. According to Dems president Eva Z. Lam ’10, there was no reason to believe that the club would not follow that precedent...
...This doesn't seem like a simple cyclical shift in unemployment," says Thomas Lam, an economist who tracks the U.S. economy at the Singapore-based United Overseas Bank. "What we are seeing is a structural problem in the U.S. economy, and that means it will take a lot longer for the unemployed to find jobs." (See pictures of the global financial crisis...
...Unlike other economists, Lam looks beyond the total jobless number to something called employment flow, which tracks the numbers of people moving from the ranks of those receiving a regular paycheck to those who aren't and vice versa. What Lam has found is disturbing. Currently, people out of work have just a 22% chance of landing a new job within the next month. That already makes this a worse market for job seekers than at any time during the downturns of the early 2000s or 1990s, which is as far back as Lam's data goes. And remember...
...long run however, all this may be good news, says Desmond Lam, a senior research fellow at the University of South Australia who specializes in casino marketing and Chinese gaming. He says the current stumbling blocks may force Macau to address some of the economic and social problems that have started to fester beneath those glowing numbers. "On a whole, [the slowdown] is good for Macau," he says. "It was going too fast." Since 2003, gaming revenue has increased by an average of 30% per year, eclipsing that of the Las Vegas Strip by 2006. With...
...Still, many continue to think that the cards are stacked in Macau's favor. "The growth is not quite dead yet," says Credit Suisse's Chan, who forecasts a 4% decline in gaming revenue growth in 2009, but a rebound to 16% growth in 2010. Lam says gambling may even be recession-proof. "Gambling is an industry that in good times, people play, and in bad times people play," he says. The casinos have been built in Macau. Now it's up to Beijing to decide whether or not to let its people play...