Word: slowdown
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...Except for China and India, every major national economy in the world now readily admits that it is in the midst of GDP contraction. The resulting slowdown in global trade will certainly affect China seriously, as well, and sooner than most analysts think. A deep recession in China may be only a quarter away...
...Indeed, despite India's economic slowdown, even companies not flirting with bankruptcy are being pressured to avoid staff cuts. When Jet Airways, one of India's biggest airlines, tried to lay off 1,900 employees in October amid a deepening financial crunch due to high fuel prices, India's Aviation Minister called Jet Airways owner Naresh Goyal, who rescinded layoff notices within 24 hours...
...business," he says. "It's clear that traders aren't rational. They can be. But whether they're rational or not really depends on how they interpret information. It depends on the amount of steroid in the system." For anyone trying to come to terms with the global economic slowdown and the financial-market ruin that caused it, that ought to be little comfort...
...recent U.S. history, it has done little to spur Asia's democracies into action. Japan's parliament is unable to decide on an economic-reform package, while Malaysia and Thailand engage in partisan politics that has little to do with how to shield these export-led economies from a slowdown in the West. Indeed, Asian governance is failing in democracy's most basic undertaking: to represent the will of the people. Back when the region was poor and ravaged by war, Asia's citizens made an unspoken pact with their leaders, that economic progress could predate political reform. But, today...
...could truly appreciate the global slowdown until the invention of the atomic clock, which uses the oscillation frequencies of atoms such as cesium, hydrogen or rubidium to mark the passage of time. According to Andrew Novick, an engineer with the time and frequency division of the National Institute of Standards and Technology (NIST), there exist three types of atomic clocks: primary standard clocks, which are state-of-the-art instruments owned by only a handful of nations, such as Germany, Britain and the U.S. (there's one at NIST); smaller, rack-mounted commercially available versions that can cost as much...