Word: short
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Dates: during 2000-2009
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...clear point of accord was that the era of cheap energy is over. On Tuesday, the IEA released its medium-term oil market report at the congress, predicting a lessening of demand in the coming 18 months, but an increase after that. "There will be short-term improvement," says Tanaka, "but after that there will be a tighter market until 2013. Demand will go back up in 2010, and although the supply side is growing, it's not as much as we want...
...direction, but hardly a cure-all. Morgan Stanley's Glass points to "deteriorating underlying trends," such as the slowing economy and stepped-up coffee competition from the likes of Dunkin Donuts and McDonald's. Steven Kron, an analyst at Goldman Sachs, pointed out in a research note that while short-term investors may be enthusiastic about store closings, long-term investors still need to know more about how broader business trends play out. He has made no change to 12-month price target. Starbucks still has a lot more work to do to prove that it's righting the ship...
...test being sat on campuses all over Britain. Short of cash, and jostling colleges from America to China for the smartest students and staff, universities across the country are rethinking fund raising. The need is obvious: investment in British higher education stood at 1.1% of GDP in 2004, according to the most recent data from the OECD, while the U.S. spent 2.9%. From medieval Oxford and Cambridge to ambitious modern universities like Warwick, institutions are slowly sharpening their competitive edge. As worldwide college entry rates and numbers of students learning overseas soar, "no matter which way you look...
...higher than in much of the rest of Europe, are modest: the government only introduced its current system in 2006, and has capped fees at roughly $6,000 per student. Even after adding the state's own contribution - and until the government reviews fee levels next year - Cambridge is short by some $10,000 for each student...
...pattern of duplicity has a likely source. Israel is the scion of a prominent New Orleans family that founded a successful commodities trading firm. Throughout his life, he has consistently fallen short in his attempts to live up to that legacy, and consistently tried to make up for the difference by pretending. As he wrote earlier this year, "Ever since I can remember, I met people everywhere that have told me they know my family either directly or by reputation. I cheated my investors because I was afraid to admit my failure. I did not want the world to think...