Word: slow
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...that switch hasn't happened. China's financial sector has been held back by the slow pace of reform, allowing Hong Kong's modern capital market plenty of room to grow. Not only has Hong Kong strengthened its position at the financial heart of Asia, but today it's competing with powerful centers in New York and London. Companies going public via Hong Kong's stock exchange in 2005 raised more money from initial public stock offerings-$21.6 billion?than any other exchange except New York, according to Thomson Financial. Last year, Hong Kong ranked No. 1, beating...
...rolled back in order to start cutting France's enormous debt. Royal promptly begged to differ, noting her presidential platform contained no income tax increases. She argues that France's lofty tax scale already leaves average workers feeling their hard work is being penalized, and raising taxes could slow consumption, a main motor of French economic growth. But as in any good domestic spat, Hollande wasn't going to let his partner have the last word: He retorted Wednesday by noting the right's tax cuts had largely favored the wealthy to justify reiterating his pledge to reverse them...
...ambition goes. The iPhone is exclusive to Cingular for now, and Cingular has only 58 million customers. Jobs hopes to launch in Europe late this year and Asia in 2008. The iPhone is too beautiful and too brilliant not to be a moneymaker, but it'll be a slow burn by iPod standards...
Without a conference tournament, the opening games in conference play in the Ivy League matter more than in any other conference in Division I basketball.With the automatic NCAA bid only going to the regular season winner, a slow start in league play is usually devastating, while a fast start can jump a team into title contention.“We have a young team with so many freshmen and sophomores,” said Harvard head coach Frank Sullivan. “What we have been trying to impress upon them is every game is a must win. Every half...
...rebuke by insisting that Abbas simply oust the Hamas government and restore them to power. Abbas, however, preferred negotiation, seeking a government of national unity with Hamas in the hope of averting a civil war - despite the skepticism of many Fatah leaders and of the Bush Administration. But the slow, grinding poverty brought on by the financial blockade has prompted much of the Fatah rank-and-file - many of whom are employed by the PA, and therefore are not being paid salaries - to press for a more aggressive response to Hamas...