Word: six-month
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...profit motive. And without question, Goldman Sachs under Blankfein has recalibrated, in very large numbers, its place as Wall Street's most astute, most opaque and most influential firm. In the first and second quarters of 2009, the company earned $5.3 billion in net income, the most profitable six-month stretch in Goldman's history. Goldman's stock has more than tripled since its low last November, to more than $160 per share...
...six-month investigation into donations and volunteer work in Sichuan estimated that as much as 80% of the total contributed to relief efforts was eventually dispersed to government accounts. In some cases local governments required volunteer groups to hand over funds, says Deng Guosheng, an associate professor at Tsinghua's School of Public Policy and Management, who headed the research team. But in general the heavy reliance on the state is an indicator of the underdeveloped state of many NGOs in China. "Most NGOs are incapable and desperately in need of money," says Deng. "Some of them couldn't even...
...long while. Since the end of 2007, builders have been selling more houses than they've been putting up. In the first three months of 2009, there were 52,000 single-family homes started. Over the same period of time, 87,000 were sold. At the current rate of sale, all the new homes on the market would be gone in 8.8 months. That's still above a more normal four- to six-month supply - but taking into account how long it takes to ramp up new construction, it's not necessarily an illogical time to start building. Consider...
...here in Canada," says Jayson Myers, president of Canadian Manufacturers & Exporters, the country's largest trade and industry association. "Our manufacturing and export performance is the worst it's been since the end of World War II." He points to a 30% reduction in manufacturing orders over a six-month period ending in March 2009 and a loss of 221,000 manufacturing jobs in the past 12 months as evidence of the deepening crisis...
...Swedish Prime Minister Fredrik Reinfeldt - whose country has just taken over the E.U.'s six-month presidency - has acknowledged that the 27-nation bloc has a delicate balancing act to perform. He told reporters on Wednesday that the E.U. should show support for calls for reform from the people of Iran but "must not polarize Iran from the rest of the world so that we are made an excuse for the use of violence and oppression inside Iran." (See the top 10 Ahmadinejad-isms...