Word: outlook
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...half in advance of the holiday. “You would never have guessed there was some kind of economic problem in the country based on what the sales and tipping were on Valentine’s Day,” he said. At Upstairs on the Square, the outlook was rosy, even outside of the holiday. Matthew C. Lishanky, director of operations, said that Upstairs has seen little to no change in business overall—possibly even a small uptick. Lishanky said that Feb. 14 had been booked far in advance, with 30 people hoping for an opening...
...rudderless finance ministry that Nakagawa's resignation leaves can't help an already dismal outlook for the Japanese economy. This week's figures show that Japan's economy contracted last quarter at an annualized rate of nearly 13%, exports were down nearly 14%, and that more layoffs are on the books for Japan Inc. But economists and experts predict the ramifications of Nakagawa's resignation won't be economic, but political. In a recent poll, Aso's support rate was 9.7% and many say he is teetering on losing control of the Liberal Democratic Party. "[The economy isn't] going...
...even as Chávez puts a gloss on the economic outlook, some Chavistas wonder if venality has seeped into his own government - including millions of dollars in alleged payoffs to officials described last year at the Miami trial of a wealthy Venezuelan businessman. (Chávez officials deny the charges.) "Chávez needs to know that we see the tremendous houses and cars these so-called socialists have," says Isabel de Lemus, 70, a shop owner in La Silsa who sits on a revolutionary community council...
...private-sector estimates put total probable expenditure on 3G in China - whose 630 million users make up the world's largest group of mobile subscribers - at a whopping $59 billion over the next three years. That bonanza will be virtually the only bright spot in the otherwise gloomy outlook for Chinese and foreign cellular-network-equipment makers amid the global recession...
...Japan, too, numerous companies have publicly announced their intention to minimize layoffs, even as the economy's outlook gets uglier. Air-conditioner maker Daikin plans to reduce investment in new equipment and carmaker Mazda has implemented pay cuts to minimize layoffs. "We need to share the pain with all," Mazda CEO Takashi Yamanouchi recently told reporters...