Word: scheme
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...short, Asia's growth model resembles a vast Ponzi scheme, one that is precariously perched on the expectation that Americans will continue buying more and bigger TVs, computers and cars forever - which in turn allows Asia to forever goose its growth by adding industrial capacity to feed the West...
...This expectation has now been dashed, and the scheme is unraveling. Debt-ridden, house-poor and increasingly unemployed, U.S. shoppers are cutting back. Consumer spending in the U.S. dropped at an annual rate of more than 3% in both the third and fourth quarters of 2008 - the steepest consecutive quarterly declines on record. As incomes shrink and America adopts a more frugal mind-set, some economists do not expect shoppers to return to free-spending ways for years - or perhaps generations. Economist Stephen Roach, chairman of Morgan Stanley Asia, says that "there is good reason to believe the capitulation...
...This week's new spate of color-coded dissent underlines not only the political instability that has marked Thai politics for several years now but also the tricky task of what to wear in Bangkok. Thailand is a country obsessed by color scheme. In Bangkok, the hues people wear can indicate everything from their political leanings to the days on which they were born. According to Thai tradition, each day of the week is assigned a color. Born on a Monday? Your lucky color is yellow, as is the case for the country's King Bhumibol Adulyadej, the world...
...payments into the health-care trust. But only last month, Gettelfinger said he was reluctant to accept any equity because it could jeopardize the health-care benefits of retirees. Gettelfinger also noted at the time that the UAW had not signed any commitment to a new VEBA funding scheme as part of the government loan deal...
...Lin’s clutch shot, the Crimson not only broke its long losing streak at the Palestra, but in addition, the team was finally able to finish off a close Ivy game with a win.“Maybe it is not that big in the whole scheme of things this season but it is good for the program as a whole,” Housman said. “We have not [won at the Palestra] in so long.”While Lin’s shot was the clincher, the plays leading up to it were...