Word: prospects
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...worst-case scenario: a repeat of the Asian crisis of a decade ago, when regional economies and governments were convulsed by devastating recession. That prospect still seems remote. Growth in Asia has remained relatively robust in 2008 and financial sectors sound. But Asian stock markets, most of which have plummeted by 30% or more this year, are signaling harder times ahead. Falling export growth and tighter credit are already beginning to pinch. Merrill Lynch expects GDP growth in Asia (excluding Japan) of 7.7% this year, the slowest pace since 2003. Next year could be worse if the U.S. enters...
...cents of spending. Calculators, please: 0.03 times $1.2 trillion equals $3.6 billion in spending. In an economy that is two-thirds consumer spending, that's another growth driver. One other thing about the wealth effect is that it works splendidly in reverse too. There's the prospect that Broun and his colleagues could be serving up a double whammy to households across the country: declining stock market wealth in addition to already plummeting housing wealth...
...Sustainable Endowments Institute, Harvard scored an “A-” on the campus sustainability scale. This report is a positive sign that campus-wide green efforts are paying off. In an era in which problems of excessive human consumption and ignorance and apathy toward the gloomy prospect of climate change reign, taking charge of our environmental destiny is of utmost importance. Fortunately, recent semesters have brought about increased attention to environmental issues at Harvard. Small-scale changes, such as environmentally friendly appliances and fixtures in many undergraduate houses, have accompanied a broader commitment to the environment...
Thanks to this training, Ingersoll’s performance in the tournament provided Harvard with both a needed boost to kick off the Ivy League season as well as a prospect to watch in the future...
...question of how this crisis will impact fundraising, said Elizabeth Crabtree, president of the Association of Professional Researchers for Advancement.“We’re all trying to answer that question right now for our individual institutions,” said Crabtree, who is also director for prospect development at Brown.But Crabtree expressed optimism about long-term prospects for fundraising in higher education.“I have done a lot of studies over 40-60 years of giving,” Crabtree said. “One of the things that is absolutely true is that philanthropy...