Word: output
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...paying a higher proportion of their income to service their borrowings (and thus are more vulnerable, as is the economy, to a fall in asset prices or a rise in interest rates). Under Howard and Costello, foreign debt has doubled to $A393 billion (equivalent to 50% of national output). No wonder voters think the cost of money is the marker for economic safe hands - they're geared to the back teeth, and interest rates will only have to rise by a few points to burn the most vulnerable. As soon as the economy cools, most households will renegotiate their consumer...
...rising energy costs. Higher prices for heating oil, gasoline and consumer goods act as a brake on domestic consumer spending, which Korea badly needs to boost to revive its economic growth. Recent data suggests that South Korea may be entering a period of "stagflation," in which slowing economic output is accompanied by rising costs. The ruling Uri Party has proposed tax cuts to help spur domestic consumer and corporate spending. But export growth slowed to less than 30% year on year in August, making it less likely that the country can reach this year's target GDP growth...
Much of this athletic output went unnoticed in Athens. Apparently the Greeks were not so interested in keeping the festival atmosphere going for the actual events. Several high-profile ones--swimming, gymnastics, cycling--played in venues brimming with unoccupied seats. The small crowds underlined the problem of slow ticket sales, which will hurt the country's ability to defray the $7.5 billion it laid out for the Games...
Though he has just weeks to match their summer output, Farrar cautiously predicted that he would not allow himself a grace period in the season’s early goings...
...five-year plan is Rodriguez's chance to prove once and for all that a lefty can run a major oil company as effectively as any capitalist CEO"more effectively," he insists. With giant new well projects at sites like Tomoporo and El Furrial, PDVSA hopes to increase daily output to more than 5 million bbl. by 2009, which Rodriguez now knows is critical to staying competitive. Some investors gripe that Chavez's 2001 hydrocarbons law makes it too difficult to participate in the lucrative quality-crude projects. But others praise Rodriguez (and more radical leftists berate him) for reserving...