Word: poorer
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...size of a giant economic-stimulus plan for just the next two years - then the number is a figure of considerable value, real as well as symbolic. The money, Beijing announced on Nov. 9, would go mainly to new infrastructure, homes, schools and clinics, especially in the country's poorer regions. Taken together with the recent alleviation of taxes plus changes to the rural-land law that will allow farmers to lease their land and free them to work elsewhere, the initiatives amount to what Jing Ulrich, the head of JP Morgan's China equities business, calls "a New Deal...
...below 1990 levels by 2020 - but that was back when the Dow was 25% higher than it is today. Several European nations, including big industrial producers like Germany, are now saying the target is unrealistic, and at an E.U. summit on Oct. 16, some Eastern European countries, which are poorer and more dependent on fossil fuels than their neighbors, called for the Continent to pull back from goals that include cutting energy consumption 20% while increasing the share of energy from renewables 20%. To some degree, Europe is simply coming to grips with the potential cost of its green dreams...
...consumer spending, and battered by high levels of volatility in their stock accounts," says Stuart Gabriel, professor of finance at UCLA's Anderson School of Management. The diminished value of stocks, falling home prices and fears about potential unemployment combine to create a negative "wealth effect," making consumers feel poorer. As a result, they spend less. Robert Hansen, professor of business administration at Dartmouth's Tuck School, says unprecedented uncertainty is making the public mood darker still. "People are so unsure of what's out there that they're expecting the worst," says Hansen...
...stay in a less-than-perfect relationship become less willing once the credit cards are taken away," he says. But recently some lawyers have noticed that as stock prices have plunged, they've gotten inquiries from business owners and investors looking to unhitch now, with the idea that being poorer on paper will work to their advantage when dividing assets...
...down from $39.40 six months ago; his CBS shares had dropped about $288 million in value in the same period. Redstone and his wife Paula reportedly have a prenuptial agreement, so it's unlikely the market has much to do with timing, but Mrs. Redstone divorces a poorer man than she would have six weeks...