Word: reliant
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...that has enveloped the world's 13th largest economy. As has happened around the world, the panic that began on Wall Street has seeped into the minds and hearts of South Korean businessmen, bankers and housewives, who fear the consequences of an impending global recession. With the country heavily reliant on exports, South Korea, like the rest of Asia, cannot escape the fallout from a U.S. downturn. Goldman Sachs predicts GDP growth will sink to 3.9% in 2009, the lowest since...
...think I've seen - at least since equally offensive concentration camp fable, Life Is Beautiful - a movie so reliant on human stupidity to achieve its effect, so totally dishonest in its insistence on that quality (which it presents as innocence) to achieve its narrative goals. Bruno and Shmuel may be only eight years old, but that is well past the age of reason, and they are caught up in situation that would force anyone to acquire a shrewdness well in advance of their years. I don't know if a movie as simpleminded and emotionally shameless as this one definitively...
...currency continued gaining ground on the euro and British pound Monday, while a surging Japanese yen caused more trouble for Japan's export-reliant economy. That prompted the G7 to issue a statement that member nations would undertake collective efforts to undercut the value of the yen to limit the economic damage its rise has inflicted on Japan...
...gloom descends, a question is starting to make the rounds--one that London hasn't really asked itself before: Has London become too reliant on a single industry, putting all its eggs into one volatile basket? "Obviously people see it as a risk, and if there's a prolonged downturn, it will become an issue," says Andrew Goodwin, a senior economist at Oxford Economics, who nonetheless believes that while "there is a concern about dependency, financial services have done well historically...
...Poland, eight poorer Eastern European countries quietly but firmly said the emission cutting plans were too expensive. The eight are heavily reliant on coal and argue that they have achieved "the vast majority" of the E.U.'s CO2 reductions by shutting down heavily polluting old industrial plants in the 1990s...