Word: peak
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...economic numbers could hardly appear more horrible for Singapore. Non-oil exports plummeted by 11% in March from the previous year, following even steeper falls the preceding two months. Since its 2008 peak the Singapore dollar has lost more than a tenth of its value against the U.S. dollar, making it one of the worst performing currencies in Asia so far this year. And, if this drumbeat of economic gloom weren't enough, the Singapore government has repeatedly revised its economic growth projections, growing more vigorously pessimistic with each try. It now expects Singapore's gross domestic product to shrink...
...it’s very exciting for me,” he said. “I hope that this performance is the tip of the iceberg, so to speak, except a good iceberg.” Remaining modest, Gillepsie also emphasized how although his performance is starting to peak, what’s more important is that the team’s performance is hitting its stride.“We are starting to have big goals, and it’s really exciting to be part of a team that is sort of redefining itself and becoming better...
...mechanical art of staying together.The Grieg Piano Concerto in A minor fared no better under Sung’s direction and Brazilian pianist Nelson Friere’s touch. Friere, whose command of the keyboard rivaled that of his longtime duo partner and legendary pianist Martha Argerich at the peak of his career, delivered a restrained performance that failed to communicate the rustic, fiercely nationalistic character of Grieg’s music. Friere’s former flair for pairing reckless abandon with nuanced maturity was completely absent from this performance. The attack of the opening octave cascade was overly...
...apartment buildings, hotels, industrial warehouses and shopping malls - are structured as 5-to-10-year loans. After that, the loan is normally refinanced. But the recession has eroded the fundamentals of even good refinancing candidates. Property values have plummeted, with sale prices down as much as 45% from the peak in 2007, Deutsche Bank reports. And vacancies are up - expected by year's end to reach 13.5% for retail and 17% for office buildings - cutting potential income that commercial properties need to make their mortgage payments. Some areas will be even worse. Vacancy rates in midtown Manhattan, already...
About 1,000 homes will be enrolled in an advanced trial that will turn them into smart buildings, with smart control panels and thermostats that will help manage electrical loads and reduce energy use during peak periods. (One of the biggest potential benefits of the smart grid is the ability to manage the electrical load; today utilities need to have enough capacity to meet rare days of peak demand, but if a smart grid could smooth out those peaks, it might reduce the need for new power plants.) "We invested a lot in this technology," says Lewis...