Word: outlooks
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Despite all, I am optimistic about the future. Once a solid system of law and law enforcement is established, once the economic outlook becomes more positive and people become more confident, the economy will grow, there will be more jobs, more opportunities and a higher standard of living. Young Bulgarians will be less inclined to immigrate and the well-educated Bulgarians from abroad will be more inclined to come home. Until then, as they say here, may God be with Bulgaria...
...businessmen the outlook is less rosy; for investors it's rather scary. Profits will be squeezed by a combination of lower exports to Asia and rising wage costs. Chris Varvares, president of Macroeconomic Advisers, an economic forecasting and consulting firm in St. Louis, Mo., foresees an outright decline of almost 4% in after-tax corporate earnings this year, measuring fourth quarter against fourth quarter, and an infinitesimal 0.1 % increase...
Several forces combine to darken the outlook. The industrial world hasn't curbed its appetite for wood or halted the harvesting of rain forests by multinational corporations. In many developing countries, government corruption or mismanagement has allowed indiscriminate logging and clearing of woodland for agriculture. And efforts to slow greenhouse-gas emissions in the U.S., the biggest offender, continue to be stymied by a skeptical Congress. The Senate Appropriations Committee has just slashed $200 million from the Clinton Administration's proposed program to improve energy efficiency, citing doubts about "the existence, extent or effects of global climate change...
...result, The Unknown City is easy to interpret. But not easy to read. There is a flavor of dejection and hopelessness that leaves a bitter aftertaste, rendering some of the stories painful to get through. While the heavy reliance on interviews give The Unknown City a realistic outlook, it presents astonishing racial and sexist stereotypes in the process. As Buffalo experienced a 21 percent jump in blue collar unemployment from 1960 to 1990, interviewees search for someone to blame and inevitably point their fingers at the wrong sources. We hear people attribute their own unemployment to minorities, welfare recipients, women...
...outlook for the Crimson's future is good. While losing two senior starters, Harvard retains a core unit from this season...