Word: slow
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...point in the economic cycle that tends to favor the biggest of the big. Short-term interest rates are up, which is especially hard on small companies that do not enjoy the same access to cheap borrowing as large ones. As higher rates slow the economy, earnings at small firms should decelerate quickest. And as earnings slow, the dividends that blue chips pay will become increasingly attractive...
...economy is expected to slow somewhat yet still expand more than 3%. But pencil in China for another year of scorching 9% growth. There are encouraging signs of vitality even in Japan and Germany, the world's second and third largest economies, which have struggled for years to break out of their torpor...
...managed to save face after months of accusations and mounting acrimony. Just 10 days before the truce, Icahn, at a glitzy press conference in New York City, had defiantly called Parsons out, accusing him, among other things, of selling Warner Music at a fire-sale price and being too slow to find a growth plan for the AOL unit. Time Warner execs insisted that their strategies with Warner Music and AOL were appropriate under the circumstances...
...decisions have to fit within a broader movement. On apartheid, Gulf oil, and tobacco, other investors followed suit, and Harvard’s move carried large public weight. So far, Harvard’s divestment from Sudan has been largely neglected externally, and progress on Darfur has been slow. But at least as far as PetroChina is concerned, Harvard has done what it can, and we must now look to other institutions to follow suit...
...criteria for divestment forces the ethical responsibility debate to be rehashed from scratch each time a questionable investment is discovered in Harvard’s portfolio. Second, the current system means that reviews often do not occur because they are reactionary. This means the overall process is slow and arduous. For instance, Congress’ declaration of genocide in Sudan was not enough for the University to reconsider its portfolio—six months of pressure from a mobilized campus was needed to put the bureaucratic wheels in motion...