Word: sharpest
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...year. And, if this drumbeat of economic gloom weren't enough, the Singapore government has repeatedly revised its economic growth projections, growing more vigorously pessimistic with each try. It now expects Singapore's gross domestic product to shrink by up to 9% in 2009, which would likely be the sharpest contraction in Asia this year. (See pictures of the global financial crisis...
...have enough to contend with," strategists at the Royal Bank of Scotland wrote in a note to clients Monday, "it's just what we need now, a flu pandemic in the midst of the biggest financial crisis since the Great Depression." Amid the sell-off, travel industry stocks fell sharpest. Shares in Lufthansa, Europe's second-largest airline, tumbled by more than 12% before recovering slightly. Those of rival British Airways pulled back from similar lows, trading 8% down by mid-afternoon in London. Tour operators and hotel groups took similar hits. (See pictures of the swine flu outbreak...
...Japan's economy contracted at an annualized rate of 12.1% in the last quarter of last year - the sharpest downturn since the oil crisis of the mid-1970s. Tokyo is working on an additional stimulus package - the country's third in the last six months - that is expected to pump at least $100 billion more into the economy...
...trip,” Crimson coach Erik Farrar said. “We played some very good polo, learned some valuable lessons both on success and failure. The whole idea is to get everybody ready for what really matters, because that’s when we need to be sharpest, but I’m very pleased with where we are.” Harvard hopes to take these new lessons into next Saturday’s games against Hartwick and Brown.“I think we improved a lot from the beginning of the trip...
...sharpest challenges yet to China's stifling attempts at Internet censorship comes in the form of a lowly alpaca. Actually, the alpaca-like creature starring in online videos and lining Chinese store toy shelves is a mythical "grass-mud horse" - whose name in Chinese sounds just like a vulgar expression involving a sex act and, well, your mother. Bawdy as it may seem, an Internet children's song about the animal, full of lewd homophones, has emerged as a galvanizing protest against the Communist government's efforts to ban "subversive" material - political dissent, most importantly - from the web. Purportedly...