Word: roach
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...carried increased poundage through his past two jaw-droppingly awesome victories: demolishing Oscar De La Hoya in December 2008 and knocking out Ricky Hatton in two rounds in May. This is how Pacquiao's coach Freddie Roach describes his skill: "He'll throw a combination at you. You'll think he's done, but then he'll keep pounding you. And there's not a dense hardness to his punch. It just jumps on you. It explodes." Roach, who has worked with boxing luminaries such as De La Hoya and Mike Tyson, offers a little poetry when he recalls...
...noticed in the U.S. market. In June 2001, Pacquiao stepped in as a last-minute replacement at a fight in Las Vegas to win the IBF super-bantamweight title by TKO. Soon after, he walked into the Wild Card Gym in Hollywood and met the owner, Freddie Roach, who would transform the way Pacquiao fought. (See more about boxing...
Asia appears to be recovering from the global recession faster than the West. But the financial imbalances that triggered the worst economic crisis in memory could still put the brakes on the world's fastest-growing economies. So warns economist and Morgan Stanley Asia chairman Stephen Roach in his new book, The Next Asia, a collection of his essays and analysis from the past several years that foreshadowed the meltdown. The following is an exclusive excerpt from the book's introduction...
...Stephen Roach is chairman of Morgan Stanley Asia and was the firm's chief economist...
...Bureau of Economic Analysis had grown to more than 70% of gross domestic product (GDP) in recent years, well above the 1950s-1990s average of 64%. This was an artifact of the consumer and mortgage credit boom of the 2000s, and economists ranging from Morgan Stanley's Stephen Roach to White House economic czar Larry Summers had been proclaiming for several years that the percentage had to come down. It has thus far stubbornly refused, with consumer spending hitting 70.7% of GDP - close to a record - in the first quarter of this year. American households have lost too much wealth...