Word: slowdowns
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...value of the REITs' shares. Take last summer. Fears of overbuilding began to creep into the news, and REITs were trashed like a wormy apple. The quick, severe reaction had the desired effect. Hotel starts fell 21% in October, 48% in November and 42% in December. The slowdown jolted supply and demand into balance, keeping projected vacancies down, rents and earnings...
China, meanwhile, is on track for 7% to 8% growth, and Asia's battered tigers appear to have bottomed out, according to Courtis. But Russia is far from recovery. And the choice this year in Latin America, says Moises Naim, editor of Foreign Policy magazine, is "between slowdown or meltdown. There's no other option." But the board agreed that this year's performance by the emerging economies will depend less on their own policy choices than on core country growth...
...used a series of graphs to illustrate the slowdown in the Russian economy and outline the steps he believes could help the country climb out of its decline...
...think, a tragedy, and no more the occasion for retrospective moral judgments than any other biographical canvas should be," Guralnick writes, switching quickly from slowdown to full stop. "I know of no sadder story." Any of the black bluesmen Guralnick loves and writes about so well could tell him a dozen before a dropped dime hit the floor. But no bluesman, and few entertainers of any kind, has managed to achieve the sheer dimension of Presley's story. Just as Elvis' girth fascinated fans and the press during his last, misbegotten years, so too it is the outsize scale...
...slowdown that does not turn into a recession, Bergsten warns, is still likely to lead to "a very significant increase in U.S. trade protection." Even a modest slowing of output and rise in unemployment, he fears, will be widely blamed on cheap imports. The Clinton Administration may give in to protectionism to please the AFL-CIO, which it is " beholden to" for the Democratic successes in the November elections. Hormats voiced fears that protection is all too likely to win support from the Republican right, now a stronghold of economic nationalism, as well as the Democratic left, creating a strange...