Word: rosee
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...SCIENTISTS AT THE University of Trier in Germany subjected 20 male volunteers to a situation guaranteed to raise their stress levels: participating in a mock job interview and solving arithmetic problems in front of strangers who corrected them if they made mistakes. As expected, each subject's cortisol level rose at first. But by the second day of the trial, most of the men's cortisol levels did not jump significantly. Experience had taught them that the situation wasn't that bad. Seven of the men, however, exhibited cortisol spikes every bit as high on the fourth...
...YANKEES What economists are struggling to predict is how pervasive the impact of this housing slowdown will be on the rest of the U.S. economy, and abroad. Perhaps most surprising, American consumers are continuing to spend, regardless: automobile purchases are sluggish, but retail sales rose by a higher-than-forecast 0.9% in December. "I'm not prepared to bet against the American consumer. That's a highly dangerous proposition," says Jesper Koll, chief Japan economist for Merrill Lynch...
EUROPE: HOLD ON It's the euro that has so far borne the brunt of the dollar's decline: it rose about 10% last year against the greenback. A stronger currency makes European exports more expensive for foreign buyers. But that hasn't prevented Germany from notching up its biggest trade surplus since the fall of the Berlin Wall 16 years ago. The good news is that buoyant exports have boosted business confidence in Europe's biggest economy and led to an unexpectedly strong increase in domestic demand. German companies appear to be hiring again: in December the number...
...What economists are struggling to predict is how extensive the impact of this housing slowdown will be. Many other real estate markets around the globe rose in tandem with the U.S. in recent years, but so far none have come back down to earth with the same force. Perhaps most surprisingly, American consumers are continuing to spend, regardless: automobile purchases are sluggish, but monthly retail sales rose by a higher-than-forecast 0.9% from November to December. "I'm not prepared to bet against the American consumer. That's a highly dangerous proposition," says Jesper Koll, chief Japan economist...
...Guru is another fictionalized bio-pic, this time taking inspiration from the career of Indian business executive Dhirajlal Ambani. Known as Dhirubhai, Ambani rose from rural nobody to towering tycoon without the usual benefits of family wealth, education or connection. He was the founder and chairman of Reliance Industries, manufacturer of the polyester that clothed India (and in the 70s lent its kitchy style to tight-pantsed Bollywood actors like Amitabh). By Dhirubhai's death in 2002, Reliance was India's largest corporation, a leader in petrochemicals and a dozen other interests and the largest corporation. A Times of India...