Word: outlook
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...barely been squeezed. Compared with the hard, lean predators who dominated the Expenditure Review Committee in the Hawke-Keating years (1983-96), the incumbents are pussycats. On Sept. 10, the Commonwealth Treasury and Finance Department, under the charter of Budget honesty, released an up-to-date fiscal and economic outlook to assist the parties in making their election pitches and giving voters a true sense of current economic settings. Tax revenues are healthy, due to employment growth and company profits. The major parties may be tempted to send some of the cash surplus (expected to be $A25 billion over...
...South Korea hasn't sufficiently diversified its energy base, and the economic outlook there is murkier. Last year, the country spent $23.1 billion on imported oil. That amounted to 4.4% of GDP, making South Korea more exposed to oil shocks than almost any country in the region. (By comparison, energy spending came to only 2.9% of GDP in Taiwan). "In South Korea, no oil means no economic activity," says Ku Ju Kwon, director of overseas exploration at Korea National Oil Corp...
...Thus a set of photos, published last month during celebrations for the 100th birthday of late Communist Party patriarch Deng Xiaoping, raises questions about the relationship between the two men. The original image, published in the state-run Oriental Outlook magazine in the last week of August, shows Hu shaking hands with Deng in 1992 while Jiang stands behind them, as if giving introductions. But in the other two photos, which appeared in Shanghai's Wen Hui Bao newspaper on Aug. 13 and in a set of pictures celebrating Deng's centenary, Jiang has vanished. At least...
...superold find new helpers and confidants among people younger by a generation or more. It might be someone to help with groceries or car trips or simply a sympathetic voice on the other end of the line. Maintaining a connection with the world, with younger people, keeps their outlook youthful...
...perhaps such a bleak outlook is slightly hyperbolic. Even without Bush’s presence, the Presidential Scholars program continues to be a dynamic and determined force of hope. And after spending a week with the scholars, shuttling them around D.C., bonding over Frisbee and sharing dreams for the future, my optimism can’t help but overwhelm the aspect of disillusionment. I’m still confident that the gap between what society passively expects (a good education) and what it actively values (a good time) will eventually be bridged. We will finally learn that while no news...