Word: scenario
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...clustered expertise to challenge London's status. "I don't see how what is happening will upset London's position as the fulcrum of finance in Europe," says Marc Lhermitte, a partner at Ernst & Young in Paris who specializes in foreign-investment issues. And even in the worst-case scenario of continued market turbulence and a deep recession, the London economy has one crutch that won't be knocked down: huge government spending on preparations for the 2012 Olympic Games...
Richland is courting investors to bankroll its goal of claiming a 40% market share of the private-medical-services industry in Yunnan. Chu says 60% to 70% of the country's hospitals may ultimately be privatized--a scenario that could advance the company's goal. But investors don't seem convinced. The stock was recently trading at 88% below its 52-week high in January, which Chu blames on volatile U.S. market conditions...
...fair to ask whether America's lawmakers could do it again. The bursting of the debt-fueled property bubble and the crippling losses suffered by banks, together with the political dithering of recent days, have set in motion a chain reaction that, in the worst-case scenario, could lead to something like a 21st century version of the Depression - even if a bailout package does eventually get approved...
...worst-case scenario: a repeat of the Asian crisis of a decade ago, when regional economies and governments were convulsed by devastating recession. That prospect still seems remote. Growth in Asia has remained relatively robust in 2008 and financial sectors sound. But Asian stock markets, most of which have plummeted by 30% or more this year, are signaling harder times ahead. Falling export growth and tighter credit are already beginning to pinch. Merrill Lynch expects GDP growth in Asia (excluding Japan) of 7.7% this year, the slowest pace since 2003. Next year could be worse if the U.S. enters...
...hard to anticipate exactly what these will be. Certainly it's unclear whether voters in either country will take revenge on incumbent parties for their part in the mess or will shy away from younger challengers, preferring to put their trust in political veterans. It's the second scenario that Ed Cox, who heads up McCain's campaign in New York, told delegates in Birmingham he expects will give his candidate the edge. "This is a time for experience," he said...