Word: resulting
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Dates: during 2000-2009
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...always think that it is not so important when the theater opens because the reconstruction is very difficult and complex," says Vedernikov. "Instead, in this situation, the quality of what is going to be done is far more important ... I have nothing to expect but a disastrous result." (See pictures of President Obama in Russia...
...plus side, there was some improvement in commodity prices in May - but it was more than offset by an appreciating currency and lower export volumes, which crushed trade receipts. As a result, second-quarter GDP is expected to contract 3.1% on an annualized basis, according to the Toronto-based investment dealer CIBC World Markets. "I wouldn't be surprised if June was as bad as May," says CIBC economist Krishen Rangasamy, referring to Canada's trade deficit. He expects the country's balance of trade to begin improving in the fourth quarter, with annualized GDP growth...
Economist David Rosenberg, of investment firm Gluskin Sheff & Associates in Toronto, says Canada's trade deficit is the result of an overvalued loonie bumping up against a lingering downturn in U.S. consumer spending. "The Canadian dollar's overvaluation is a major impediment to the manufacturing sector," says Rosenberg, former chief economist at Merrill Lynch in New York City, noting that the loonie has overshot its real value by about...
...weaklings. A stock sector known as "consumer discretionary," which includes everything from automakers to fast-food retailers, is enjoying a more bullish earnings outlook too, thanks - you guessed it - to the dropping of GM stock, which had been a load of lead on the sector's profitability. As a result of offloading GM, earnings for the group are expected to rise...
...Foiled Again" [June 22]: I don't know if I am disappointed at the failure of the proposed deal or the hidden political criticism of China. But I do bet the political tension will never ease when it comes to China. The essay is right to question whether the result would have been different if the deal was proposed by a private company in the West. I believe the root of the problem lies in the differences between capitalism and communism. I have spent 30 years of my life living on both sides, and I honestly believe that we build...