Word: marketeers
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Dates: during 2010-2019
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...that consumers step up spending in the year following a recession's trough, says Canally. However, he concedes this year's snapback won't be as big as those following the last two recessions, since consumers currently face headwinds from high unemployment, the battered housing sector and frozen credit markets. "We're well into a jobless recovery, credit lines have been cut, and consumers can no longer use their houses as ATMs," he says. Nevertheless, Canally says, consumers are benefiting from last year's rebound in the stock market and higher consumer savings rate, which makes them stronger financially. "Consumers...
...speech, he talked about the need for more accountability: "I wouldn't be saying these things ... if I didn't have the sense that we are at the same point that the auto industry was at a few years ago. They could see they were losing market share every year and still not believe that it really had anything to do with the quality of the product ... I think that we will get - and deserve - the end of public education through some sort of privatization scheme if we don't behave differently...
...didn't refuel at one of the market's food stalls, head back to the city center for a meal at Chaikhana Jalal-Abad, tel: (996-312) 61 00 83, which deals in southern Kyrgyz cuisine and offers fine larzuro (beef and vegetables) as well as unsurpassed people-watching. Order a pot of tea, settle back on your tapchan - the perfect combination of bed and dinner table - and let the world go by. Later in the evening, swing by the Stari (Old) Edgar jazz bar in Dubovy Park for free-flowing booze and blues until the early hours...
...seems to be playing second fiddle. Pundits around the world laud China's leadership for its well-devised economic policies during the crisis, which were so effective in restarting economic growth that they helped lift the entire Asian region out of the downturn. (Read "Amid Recovery, China's Property Market Soars...
...Though Wang notes that the total is small compared with the level of NPLs that Chinese banks carried in the past, she still calls the sum "staggering." Policymakers in Beijing are clearly concerned. Since December, they have introduced a series of steps to cool down the housing market and restrict access to credit by, for example, reintroducing taxes on certain property transactions and raising the required level of cash that banks have to keep on hand in an effort to reduce new lending. (Read "Foreign Luxury Cars: Picking Up Speed in India...