Word: rising
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...Great Depression. GDP in the U.S., he says, could contract as much as 5% in 2009, and Europe by 2%. He is no more bullish about the economies in his area of specialty: Asia, a region where most of his colleagues foresee more buoyancy. China won't see GDP rise more than 4% in 2009, he says, and the country's economy may not grow at all. "There is going to be precious little growth anywhere," Walker says...
...limelight, young professors will have increased opportunities to showcase their talent. Allowing qualified junior professors to serve in more prestigious positions due to vacancies of senior faculty will, in the end, benefit students. What’s more, every current star we have has needed to rise through the ranks in one way or another—younger professors now have a chance to shine. With an opportunity to shuffle hierarchy, it might be possible to more fully utilize faculty members...
...Rich: The Rise and Fall of the Greatest Texas Oil Fortunes By Bryan Burroughs 556 pages; Penguin...
...drop in US housing prices and devaluing of subprime mortgage-backed securities. The Wall St. experts who created these financial instruments failed to predict how quickly low-quality mortgages would default to some extent because the national value of housing had gone up for decades. But, as defaults did rise, the value of these derivatives cascaded and the banks and other institutions which held them were required to take massive losses. At Davos, Russian and Chinese leaders attacked the U.S. for the "failure" of regulators which allowed the spread of toxic derivatives...
...confiscated their land and property for redistribution to Jews. The remaining Arab population of Israel—now about 20 percent—eventually received formal legal equality, but live in second-class citizen status similar to that of American blacks in the North before affirmative action and the rise of the new black bourgeoisie...