Word: outlook
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...music to get you through what’s shaping up to be an all-nighter. Might I suggest experimental electronic band The Fireman’s latest release, “Electric Arguments?” Because here’s the thing: no matter how dismal the outlook might be, trust me, this CD will make you feel better about yourself. In fact I’ll give you three reasons why your life couldn’t possibly suck as much as this CD: 1. That stack of work might seem daunting, but at least you?...
...costs, slowing orders and tightening credit, thousands of factories owned by Hong Kong firms are closing up in southern China's industrial heartland. This week, HSBC, the city's largest bank, said it would layoff about 450 people in Hong Kong due to deteriorating business conditions and a poor outlook for next year. Supply chain-management firm Li and Fung, which sources clothing and other consumer goods for major American retailers and brands, announced this month that it was "undertaking a critical review of its cost structure" and could lay off as much as 4% of its local staff...
...That outlook looks less rosy, of course, since the global economic crash and collapse of the region's oil revenues. Although tourism and property developers are still planning massive new projects, there are signs of a shakeout in Dubai's boomtown housing values, with some analysts expecting up to a 20% decline in the next three years. The combined debt of Dubai's government and public-sector companies has escalated to the point where some analysts say the city-state Dubai might one day need a bailout from its super-rich sister emirate Abu Dhabi, which has more than...
...spend money, even if they get it from the government. Economic reforms are important, but the government needs to make people more comfortable and more confident in efficient government. It's a tough situation." Japan can only hope that its consumers will start to adopt a slightly sunnier outlook, and soon...
...Japanese public, evidenced by abysmally low consumer confidence and the subsequent shuttering of thousands of small- and medium-sized businesses this year. Even if the recession Japan now faces ends up less bad than those in the U.S. and Europe - as some say it might be - the grim consumer outlook has the potential to put off a full recovery. (Vote for your Person of the Year...