Word: outlook
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...combating cancer. Cancer, as conversation topic, is taboo among the young. Youngsters (especially young men), I find, avoid the subject, as I'm sure it generates fear. But that's OK: at the end of the day, you (and only you) have to cope with this disease. A positive outlook and faith makes all the difference. It's a decision you make. Pieter Erasmus, WESTERN CAPE, SOUTH AFRICA...
This grim outlook presents some particularly tricky challenges to those in charge. In previous downturns, such as the early 1990s slump, governments typically ramped up state spending in order to offset the drop in business activity. But this time, the gigantic cost of bank bailouts will leave national treasuries with little room for maneuver. Indeed, the bailout plans - under which stricken banks will receive direct injections of taxpayer money to strengthen their capital base, while governments provide guarantees aimed at getting banks to lend to one another again - may well throw government finances seriously out of kilter...
...that further failures like that of Lehman Brothers would not be allowed to happen. "We've avoided the worst and will probably see things returning to close to normal," Mistral says. "Still, we've got two to three months of anxious waiting to see how bad the wider economic outlook will...
Meanwhile, the outlook for the entire industry remains grim. Show rooms across the country are empty. Furthermore, in spite of Monday's huge upturn on Wall Street, GMAC, the finance company owned jointly by GM and Cerberus, did not loosen its strictures on credit, announcing it would not underwrite loans for any customer who did not have a credit score of at least 700, effectively shutting out the majority of buyers. Said GMAC spokeswoman Sue Mallino: "The company currently expects these actions to remain in place until the credit markets stabilize and accessibility improves...
...professor Niall Ferguson, who was one of the two keynote speakers of the Global Business Summit, told the crowd of nearly 2,000 that the Business School has led the way in arming students with the outlook to be leaders...