Word: quarterly
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...secret that luxury has taken a beating in the Great Recession. High-end restaurants are hurting as people trade the $30 Steak for the $3 Big Mac. Saks Inc. lost $5.1 million in the first quarter of '09, a 129% drop from the previous year. Necessity is the new luxury...
...Nonetheless, a PAD party could pose a major challenge to Prime Minister Abhisit Vejjajiva of the Democrat Party, whose ability to hold together his fractious governing coalition appears increasingly shaky amid civil unrest, political conflicts and an economy that contracted by 7.1% in the first quarter of this year. As Abhisit's coalition is still intact, no election date has been set. "We have been asking for political reform, but for five months this government has not responded to us," Panthep said. "We will ally ourselves with any party that wants transparency, the rule...
...Some economists see a recovery by the beginning of the fall and others see it coming early in 2010. There is a near certainty that the nausea inducing drop from the fourth quarter of last year through March is over. It is either over because of the economy's natural resilience or the money poured into the economic system by the Fed and other central banks. Before anyone figures out for sure why things have started to improve, it will be too late to matter for anyone other than the historians. There will be another financial and market catastrophe...
...simple fall is one of the most dangerous traumas the elderly face: one-quarter of older Americans who suffer a hip fracture after a fall die within six months of the injury. But what exactly causes so many people to fall, and thus how best to prevent such spills, has long evaded the medical establishment...
...Although Medvedev did not give a new estimate for the GDP decline in 2009, he said this year's budget deficit will be at least 7% of GDP - "and that's an optimistic forecast." On Friday, government figures for the first quarter showed the economy shrank at an annual rate of 9.5%, a radical revision after officials forecast in February that Russia's GDP would decline by only 2.2% this year. The International Monetary Fund has predicted that Russia's GDP could drop as much as 6% this year. "In 2009, unfortunately, we expect a sharper fall...