Word: sharping
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...lots of space between himself and a toxic scandal like this one, in which the sitting governor stands accused of trying to sell President-elect Barack Obama's vacant Senate seat to the highest bidder. Daley, though, has a special interest in trying to draw such a sharp line: not only has his own administration been dogged by patronage scandals and federal investigations, but John Harris, the governor's co-defendant and chief of staff, was once one of Daley's top lieutenants at City Hall. (See the top 10 scandals...
...science," says Kurt Karl, head of economic research for the insurance firm Swiss Re's American operation. "A lot of it comes from historical experience, and this is a time for which we don't have a lot of good historical parallels." Karl sees continued sharp economic contraction and big job losses for the first half of next year, then a recovery. That's close to the consensus view at the moment. That doesn't mean it's right...
...result of the financial crisis, Ellwood said, the school anticipates a sharp rise in domestic applications for next year, citing an 80 percent increase in applications for the Kennedy School’s joint degree program with the Harvard Business School as an early indication...
...boom over the next year will prove arduous if not impossible. Last month China's exports, a major driver of the world's fourth-largest economy, fell by 2.2% compared with November, 2006. The result marked the country's first decline in exports in seven years and was a sharp reversal of the double-digit growth rates manufacturers have typically posted in recent years. The drop was "a shock figure," says Ben Simpfendorfer, the Hong Kong-based chief China economist for the Royal Bank of Scotland. "I had expected exports to collapse in the final few months...
...That's especially bad news for General Motors, currently begging for a bailout from the U.S. government. China has been a rare success story for GM in recent years, where its Buicks and Chevys have been consistent market leaders. A sharp downturn in China, auto analysts say, will add to GM's woes. While sales of Chevrolet-branded cars have remained robust, sales of Buicks fell 14% so far this year, according to GM. Still, GM remains committed to China, where earlier this month, Kevin Wale, president of GM China, said the company plans to introduce 10 new models...