Word: result
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...almost certainly for the worse. Higher labor costs, a strengthening Chinese currency and soaring raw-materials prices are bad enough. Now, a slowdown in global growth and a likely full-blown recession in the U.S. are about to stress-test China's manufacturing sector like never before - and could result in the shuttering of thousands of factories and cost hundreds of thousands of workers their jobs. Makers of low-end goods are already suffering. The Guangdong city of Huidong was home to 3,000 shoe factories at the beginning of 2007, but as many as 500 of them have closed...
...meant more local jobs and more growth, which made them look good in the eyes of their political superiors. Not only that, local officials, who can seize land and issue permits for new projects, were often silent partners in new manufacturing ventures. Too many factories got built as a result...
...Lehman Brothers economist, says as manufacturers are pushed to the brink, China's stock markets could see sharp declines. Given that many large, listed Chinese companies pad their profits by investing in stocks themselves, "a big correction could bring [corporate earnings] even lower, and a vicious cycle could result," says...
...result has been a flurry of speculation, false sightings, books and conspiracy theories - that a Japanese submarine was involved; that the Australian government staged a cover-up. In 2001, five Western Australian volunteers formed the Finding Sydney Foundation and began gathering evidence and government support for another search. In 2003, chairman Ted Graham met with David Mearns, the well-known American shipwreck hunter. Says Graham: "I just had the view that unless our generation found HMAS Sydney, and in particular found it while the widows were still alive, it would potentially be forgotten...
Koga has been working to make good on that promise ever since. After studying videos of the race, Jager enlisted the help of the country's National Aerospace Laboratory and TNO, a Dutch research institute, as well as companies that make aerodynamic clothing, bike coatings and wheels. The result? The so-called half-million-euro bike--a blend of science and design that uses carbon technology to increase the frame's stiffness without a significant increase in weight...