Word: lamming
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...financial and managerial nerve center of the Chinese region often called the world's factory, is a wealthy city. But even here, the global credit squeeze is making it tougher for businesses to borrow money to cover their short-term needs. "Right now, we're facing trouble," says Tommy Lam, owner of a garment factory in Dongguan, a Chinese manufacturing hub near Hong Kong. "We're not getting repeat orders we're supposed to get. [And] banks are warning us they may cut our credit in the future...
...Lam says his company is in sound financial shape and will weather the storm. But other Hong Kong companies - particularly those that invested some of their capital in property and stocks - are facing crippling cash shortages. On Oct. 9, U-Right, a clothing retailer with about 100 outlets in Hong Kong and another 500 in China, was forced to liquidate after it could not meet bank demands to repay its debts. Analysts say the company borrowed too much and expanded too fast in the rush to catch China's economic wave. As the global economy slows, that's likely...
Representatives from the Harvard College Democrats and Harvard Republican Club held a debate last night at the Institute of Politics intended to provide clarity which they say is lacking on the national stage. Eva Z. Lam ’10 and Jonathan P. Hawley ’10—legislative director and events director of the Democrats—and Colin J. Motley ’10 and Jeffrey Kwong ’08-’09—president and president emertius the Republicans—sparred on a range of issues during the hour...
...bejeweled tutus but no pointe shoes, and steps in the purely classical ballet idiom crassly segued into flexed feet and robotic contractions. It was interesting, then, to watch Forsythe’s own “Vile Parody of Address” seven pieces later. Danced by John Lam, the very contemporary ballet provided a fascinating study of the subconscious. Fundamentally rooted in improvisation, it is largely up to the interpreter to set the mood of the dance. Lam was both desperately somber and charmingly lighthearted, and his unmatchable plasticity gave way to extraordinarily sketched patterns in the air.One...
...That doesn't mean that Beijing will be writing a blank check for Washington as it begins the process of raising the $700 billion the Treasury Department has been authorized to borrow to stabilize markets. As Beijing-watcher Will Wo Lop Lam wrote recently, Chinese leaders are expecting the U.S. to make large concessions in exchange for Beijing's financial support. These concessions may include guaranteeing Chinese investments in the U.S. (such as the roughly $300 billion of Fannie and Freddie May debt it owns). Demands could extend to non-financial areas. Beijing protested recently after the U.S. stationed...