Word: outlook
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...Facing such a woeful economic outlook, E.U. monetary-affairs commissioner Joaquin Almunia has struggled to make the case for fiscal rectitude. He insists the pact is flexible enough to allow short-term stimulus programs. "During the recession, the pact is not about sanctions," he said last week. "But in the medium term, we need to continue a process of consolidation of the public finances. The rules were established for everybody and must be respected...
...encourage [funding] increases and tax cuts to stimulate, and the state is moving in a different direction." However, Baldassare says he is pleased the state budget is finally balanced: "Getting this budget issue behind us was the most important thing California could do in terms of improving our economic outlook...
...Winslet has become not only the finest actress of her generation but in many ways also the perfect actress for this moment. She's intense without being humorless. She's international in outlook (though raised in Reading, England, in a middle-class family of working actors, she now lives in New York City and won those Oscar nominations for playing three Americans, two Brits and a German). She's ambitious but cheerfully self-deflating, capable of glamour but also expressive of a kind of jolting common sense. She has a strong professional ethic, which she somehow balances with her domestic...
...While the outlook may be dim today, the slump won't last forever. "This is the time to be reinvesting money and upgrading the product," Rao says. With Asian economies expected to rebound more quickly than those in the West, the hotel industry in the region is expected to follow. Rao forecasts improvement will begin in the second half of 2009. "The moment there is cause for optimism, I think you'll see the whole thing turning around," says Rao. For a CEO with big plans, recovery can't come quickly enough...
...Hindu or Christian, by the Sinhalese Buddhist majority. Few families in the island nation have been untouched by the violence--more than 70,000 people have died since the war began--yet Sri Lanka has managed to preserve its stunning beaches and lush hills, as well as a cosmopolitan outlook dating back to its history as a stop along the Spice Route...