Word: outlook
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...housing market has saved us all. Greenspan again credited the go-go housing market with providing consumers with the rosy outlook - and, with mortgage refinancing hitting record highs all spring, the ready cash - that has carried consumer spending through these bumpy times. It's thanks to housing, he told senators, that "the litany of negatives you can line up has not cracked the economy's underlying stability." All of which means that housing-related reports - and there are a few due this very week - are now officially prime Fed-watching territory. (For the politically-minded, Greenspan also said that immigration...
...many in the developed world, especially Western Europe and the U.S., the answer may be no. But for citizens of developing nations, the outlook (and the answer) is very different. The creation of genetically modified foods - like drought-resistant corn, for example, or super-nutritional rice - holds enormous promise for developing nations. But even as scientists develop GM crops with ever-increasing precision and skill, there is growing concern that first world disquiet over food safety and genetic engineering may slow or even stop the dissemination of bountiful GM crops to the countries where they are most needed...
...Since the Cold War ended, there have been six separate task forces charged with updating the Pentagon's strategic outlook and structure. Is there a culture there that's too resistant to change, officers sitting on their hands because they're too cautious...
Seven years ago, Jeweler Dalila gherras did something any good Parisian would find unthinkable: she left a fine salary and stable job in the capital for distant Marseilles - where unemployment exceeded 20% and where the local disdain for relocating outsiders was legendary. Despite that dire outlook, Gherras remained convinced Marseilles' Mediterranean beauty and inimitable lifestyle would provide "an improved quality of life worth taking occupational and financial risks to obtain." Today, Gherras is not only happy and working in Marseilles, but she has also launched a new career in real estate as hordes of individuals, families and companies flock...
...many parts of Europe. Left-tilting parties hold power in 11 of the E.U.'s 15 nations, and only in Italy and Spain does the right govern alone. In Germany, where elections are due next year, the incumbent center-left government is poised for a Labour-esque landslide. The outlook is slightly brighter in France, although the left remains a fair bet to win control of both Parliament and the presidency next year. The most encouraging recent result for Europe's conservatives, the triumph of Silvio Berlusconi's center-right coalition in May's Italian election, was as much...