Word: robustness
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Employment and consumer confidence remain robust, and the economy should turn in a solid year of 2.5% to 3.5% growth, Sinai notes. As we've been hearing (but not seeing) for much of the '90s, sustained growth leads to rising wages, which lead to higher prices and, ultimately, higher interest rates. For the umpteenth time, bond traders say we have reached the point at which all that nastiness commences. But they're really just reading tea leaves, projecting what is famously difficult to project. For inflation to take off, Japan and the rest of Asia will have to wake from...
...relatively robust economy" is how Lipp forecasts Europe's performance in 1999, mainly because European companies "are in one of their strongest positions in the past decade." Moreover, the arrival of Europe's new currency, the euro, will lead to further productivity-enhancing mergers and acquisitions. "What will emerge is a completely integrated corporate sector," gaining momentum in the next few years. But the process may take a decade to complete...
...positive sign in some emerging countries like Korea and Thailand is that foreign direct investment--the purchase of actual assets for long-term development--is robust as multinationals scoop up bargains. But in Russia, says Marshall Goldman, associate director of the Davis Center for Russian Studies at Harvard, "there's no bottom fishing at any price. It doesn't make sense if after you've gotten there you get squeezed and discover you have no rights." Moscow is finally pushing an agreement to share energy revenues with foreign companies that are desperately needed to develop this sector, but that still...
...what's broken?" was the answer put forth by The Crimson's staff. This theory is not exactly robust to criticism. It presumes a mindset among professors to ignore undergraduates. The reality is that it is extraordinarily difficult to reconcile student demands with other faculty pressures. Unless one assumes, as The Crimson may have, that all professors in all departments have equal demands on their time in all directions, a simple cross-sectional comparison of departmental advising can be somewhat misleading...
...study released last week, cited the billions of dollars being spent by companies like Sprint on their own high-speed voice and data networks, saying that such robust competition "will lead, in the near future, to greater deployment of this capability." In other words, more people will get better wires cheaper and faster. And that's good news...