Word: levelism
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...liberalization of China's business may recede to some extent because the recession will cause the level of government support for the economy to grow to keep GDP from contracting. The nation's prime minister says GDP will grow 8% this year, which seems nearly impossible. But if the government does have to offer financial support to the banks and industry, it will certainly come with some strings attached and may even cause the central government to take larger shares in businesses that it had planed to privatize...
Remember when majoring in, say, French literature meant lots of anxious questions from relatives about how you were planning to support yourself, while a degree in finance was, by contrast, an almost automatic ticket to a decent entry-level corporate job? This spring's new college grads face skyrocketing unemployment, hiring freezes and competition from experienced candidates who have been laid off and are increasingly desperate to find work. Any work. So no matter what you majored in, when it comes to getting hired, all bets are off. Depending on how you look at it, that's either liberating...
...targeted at the affluent, even though their numbers are dwindling. The model competes with the large sedans from BMW, Mercedes, and Lexus. Hyundai seems to have dropped a nice vehicle into each of the major slots in the U.S. car market. It sells a nifty entry-level coupe and has a mammoth minivan called the Entourage. It markets SUVs and small sedans. They don't have any more or less cheap plastic trim in their interiors than a Honda. They are simply serviceable cars and trucks that probably won't break down...
...market may have to go through the tragedy of a self-correction that combines agony and duration. The economy may run through a cycle in which unemployment increases until labor costs fall to a nearly unimaginable level. Businesses will begin to hire again because they will have access to skilled workers at a fraction of what those people would have cost them a year ago. If that is the solution to the labor problem, the end of the recession is a long way from here...
...Africa? Will he get anywhere on the road map to a Middle East peace? Will cooperation over the financial crisis suffice to effect a real rapprochement with our traditional Western European allies? Yet, in the long run, the most important question in American foreign policy remains what level of engagement we will seek with China. And, as Hillary Clinton’s recent trip to Asia demonstrates, the most worthwhile strategy for pursuing Sino-American cooperation is teamwork on climate change...