Word: quarters
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Dates: during 2000-2009
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...reach the end of a miserable 2009, signs continue to mount across the globe that the world economy is stirring back to life. The U.S. finally returned to growth in the third quarter, with its strongest showing in two years, India posted inspiring 7.9% growth and the results out of tiny Taiwan, one of the economies slammed the hardest by the global recession, were so impressive one economist beamed that the island "got its groove on." Stock markets, aside from a downward blip here and there, have generally been buoyant. During this season of Thanksgiving and holiday cheer, there seems...
...that might even worsen if joblessness continues to rise. Though defaults on credit cards in the U.S. fell in October, delinquencies, or late payments, rose - a sign that financial firms could expect more losses down the road. Japan, which experienced its fastest growth in two years in the third quarter, is dealing with the nasty problem of deflation, an indication that the economy is suffering from excess capacity. The falling prices, by eating away at the financial health of companies, could lead to more downsizing and slower growth. "The recent price falls are not right and worrisome," Japan's Finance...
...could get us to zero deforestation by 2020 - globally," says Kessler. But will rich nations cough up that much? The U.S., the E.U. and Japan are all "willing to put money on the table" for REDD, he adds. "Just to put it into perspective, $40 billion is about a quarter of what the U.S. gave in bailout funds to one insurance company, AIG. The money is there. It's just a question of political will...
Nonetheless, as Obama returns to pressing domestic issues and international flash points such as Iran and Afghanistan, two awkward numbers linger in the background: 3.5 and 8.9. The first is the rate of growth for the U.S. in the third quarter of 2009; the second is how fast China grew. And while GDP statistics are a flawed indicator, the contrast between the two economies remains stark...
Eliot House Masters Lino Pertile and Anna Bensted announced their intention to step down as heads of the Eliot household in June after ten years at the helm in a Thanksgiving Day letter--uhh, narrative?--to the House. (The missive was a quarter of the required length of the final paper this FlyBy correspondent is currently attempting to write. And substantially more entertaining...