Word: marchings
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...imagining it, according to Sylvia Lafair, a Ph.D. in clinical psychology whose book Don't Bring It to Work: Breaking the Family Patterns that Limit Success (Jossey-Bass) was released in March. Lafair's research shows that, much as we like to believe that our behavior is entirely rational and governed by our conscious mind, our thoughts and actions are often driven by the roles we learned in our families as children. And under pressure, we tend to revert to old patterns. That fellow standing at the watercooler telling tasteless jokes at the top of his lungs, for instance, probably...
...woes are twofold. First, developers are having a hard time selling new units because of the glut in resales. At the same time, the seized-up credit markets are making it difficult for developers to securitize loans they provide buyers. Defaults on time-share loans climbed to 12% in March from 8% at the end of 2008, which has spooked lenders. This means developers lack cash to lend...
...gobbled up farmland--and now we're stuck with them for decades to come. Let's hope that when the world economy recovers, the monster vehicles will remain on scrap heaps, builders won't build monstrosities and people won't forget their enthusiasm for the simpler, purer life. Joan March, NEWARK...
...Recent corporate performance underscores this growing divide. Li Rongrong, chairman of State-Owned Assets Supervision and Administration Commission, which runs more than 150 companies, recently told the state-run Xinhua news service that SOE profits surged 86% in March compared with the previous month. Li attributed the increase to government stimulus spending...
...sector that is suffering the most is manufacturing, which is dominated by private companies. In 2008 an estimated 300,000 small and medium-sized firms collapsed; from January to March this year, exports fell by 19.7%, putting more pressure on the survivors. "The crisis hits China's private sector really hard because China's private sector accounts for a larger share of China's manufactured exports," says Yasheng Huang, an MIT professor who wrote about the rising power of SOEs in his 2008 book [Capitalism with Chinese Characteristics]. "So essentially you have a private sector whose main source of customers...