Word: morgans
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...year, economists estimate. In Japan, $60 oil for 12 months could shave half a percent off GDP growth in an economy that had recently begun to perk up, according to Reiji Takeishi, a senior fellow at the Fujitsu Research Institute in Tokyo. The oil-price hikes so far, estimates Morgan Stanley economist Andy Xie, mean the Asia-Pacific region is spending 1.2% more of its total GDP on oil imports than it did last year. "There's no question that oil is the strongest headwind for growth now," says Xie. And if crude prices stay at current levels...
...expected global economic growth to slow?thus curbing some demand for crude?as oil passed $40 and then $50 per barrel have been proved wrong. "Warnings that [$50-a-barrel oil] would threaten a global downturn turned out to be too pessimistic," says Richard Berner, an economist at Morgan Stanley in New York. With prices threatening to bust through $70, though, the chances of an energy-related economic slump are growing by the week...
...decline significantly. If other companies feel a similar pinch, as Simpfendorfer fears, that could crimp one of the main drivers of China's current economic boom?spending by companies to build and equip new factories and other businesses. While the economy is still growing at an impressive clip, says Morgan Stanley's Xie, the trend toward deceleration "is pretty clear...
...website. The key to this online Tower of Babel, many Web gurus now believe, will be "tagging," a personalized system of filing and describing online content (including Web pages and blogs) that can be done by anyone reading any site. Take, for example, del.icio.us, founded in 2003 by former Morgan Stanley analyst Joshua Schachter to keep track of the thousands of Web page bookmarks he accumulated. The site allows users to write descriptions, or tags, of favorite Web pages using terms they choose to create their own taxonomy of favorite pages (or "folksonomy" as its grassroots adaptation is being termed...
...dedicated volunteers who found the inner-workings of a women’s shelter, or an English school in Beijing, decidedly less romantic than it’s made out to be in the glossy brochures. And there are once-aspiring bankers now leaving the halls of Citi and Morgan with hunched backs and pasty skin, wondering if summers pissed away making love to Microsoft Excel could remain bearable for the standard two-year tenure. There is uncertainty everywhere, and only a lucky few can really claim to be immune...