Word: prospect
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Dates: during 2000-2009
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...worry of central bankers is how a softening dollar could impact a global recovery. Countries that have currencies strengthening against the dollar face the prospect that their exports would become pricier in world markets, a situation policymakers wish to avoid as their economies are just now crawling out of recession. China, one of the world's largest holders of dollars, doesn't appear likely to allow its currency, the renminbi, to significantly appreciate against the dollar any time soon, despite increasing political pressure from Washington to do so. China's Commerce Minister, Chen Deming, said at the recent Canton Trade...
...Chinese eyes, the prospect of the Dalai Lama ginning up emotions and support in Tawang poses a challenge to its vision of dominion over all of Tibet. The boundary separating Arunachal Pradesh from Tibet - dubbed the McMahon Line - was drawn up by the colonial British and officials from Lhasa in 1914, an act of map-making that China to this day refuses to recognize. According to Beijing, Tawang and its surroundings were under the suzerainty of the Qing dynasty after its armies extended China's frontiers to Tibet and Central Asia in the 18th and 19th centuries. If Tibet...
...soon as I envision this admittedly distant prospect, though, I can’t help but feel a measure of nostalgia, already, mixed with my exhilaration. Last summer, I spent a glorious week in Dublin at the National Library of Ireland, reading dusty volumes of 18th-century pamphlets for my thesis. In the world after Google Books has conquered all libraries and the Book Espresso Machine has delivered them all to bookstores around the country, will such trips even be necessary...
...answer, I believe, lies in our liberal hubris. I know, because I myself have been guilty of it. When I was accepted into Harvard, I rejoiced at the prospect of joining a liberal, intellectual community. There, I thought, everyone would be politically correct, sophisticated, and physically fit. I would easily be able to find non-pork options in restaurants. Boston, the birthplace of our revolution, would be even more vibrant than Atlanta. Basically, whatever I had in Atlanta I would find in Boston and Cambridge several degrees better (except as regards the weather...
...lending that has retarded moves toward rebalancing. Outright government subsidies to businesses have increased in the past 12 months. Everything from bicycle makers to textile producers to chemical companies have seen their export subsidies rise because their markets worldwide were shriveling, and a panicky Beijing was spooked by the prospect of massive unemployment if factories shut down. "By transferring wealth from households to boost the profitability of producers, China's ability to grow consumption in line with growth of the nation's GDP is severely hampered," says Michael Pettis, a finance professor at Peking University's Guanghua School of Management...