Word: slow
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...GLANCE AT THE ECONOMY OF A SMALL Mexican town like Tuxpan makes it clear why undocumented workers continue to head north. Tuxpan's heyday was in the 1950s and '60s, when it gained fame throughout Mexico for its gladiolus. But overproduction slowly poisoned the soil, leaving Tuxpan in a slow decline. In the past decade, flowers have made a comeback, but the salary for working in the greenhouses or out in the field still averages only $10 a day. At the same time, the cost of living is comparatively high in Tuxpan. As in much of small-town Mexico...
...exactly the wrong message; it leads people to believe that all they need is a purple finger and life will get better. The President seems a victim of that same delusion: he seems to believe that we can get away with promoting democracy through glorious rhetoric without doing the slow, expensive, heavy lifting of nation building. It is easy to talk about the need for decent education and health care if you're not charged with providing...
...Board of Economists at the World Economic Forum in Davos, Switzerland, last week. "The outlook is basically for another Goldilocks kind ofyear," is how Laura D. Tyson, dean of the London Business School and a former White House economist, summed it up. The U.S. economy is expected to slow somewhat but still grow at around 3%, while China could notch up another year of scorching 9% growth. This year there are even encouraging signs of vitality in Japan and Germany, the world's second and third largest economies, which have struggled for years to break out of their torpor. Lurking...
...luxury towers holding a total of about 43,000 units on or near the Strip and downtown. But the intense competition for the city's limited supply of contractors sent construction costs skyrocketing 30% last year, just as lending policies tightened, interest rates climbed and sales started to slow...
...frog strategy may infuriate U.S. hard-liners who argue that it does little to hinder Iran's nuclear work right now. But proponents say that only the go-slow approach can win support from Russia and China. "The diplomacy with the Russians and the Chinese is very intense," says a key official. Rice, scheduled to travel to London next week for a conference on Afghanistan, may stop first in Moscow for talks with Russian officials. She needs Moscow's backing to win Beijing's--and ultimately to gain Iran's compliance. As for a step four to the strategy, there...