Word: slowdowns
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Branson thinks he understands those intrepid travelers a little better than his competitors do. The only way to survive crushing fuel costs in a global slowdown, he says, is to be an airline that people seek out and will pay for. "You can't just make it a standard product," he says. He wants to give them, and his employees, something different, something memorable. So the Australian staff who've flown 19 hours for a press conference get their treat at sundown: Branson in full celebrity mode on the roof of the Hollywood Roosevelt hotel. Reclining like a pasha...
Something is about to change--but almost certainly for the worse. Higher labor costs, a strengthening Chinese currency and soaring raw-materials prices are bad enough. Now a slowdown in global growth and a likely full-blown recession in the U.S. are about to stress-test China's manufacturing sector like never before--and could result in the shuttering of thousands of factories and cost hundreds of thousands of workers their jobs. Makers of low-end goods are already suffering. The Guangdong city of Huidong was home to 3,000 shoe factories at the beginning of 2007, but as many...
...Estate Academic Initiative, a campus faculty group. The Chicago native expressed disappointment with the “demagogic” economic language of Democratic presidential candidates Hillary Clinton and Barack Obama, saying he doubts that there will be a recession during 2008. “There was a significant slowdown in economic growth during the first quarter,” Zell said, “but we’ll recover during the remainder of the year. In addition, the single-family housing crisis is nearing an end.” Zell cited the February increase in U.S. home resales?...
...White House insists that rather than a slowdown in regulation, there has been an uptick in the last few years. Tony Fratto, a White House spokesman, cites as support a recent Heritage study that shows increased regulatory activity. In addition, Bush has been responsible for some important structural changes that have received little attention. In early 2007, for example, he issued an executive order placing "regulatory policy officers" at every department and agency, answerable to the White House on matters of implementing regulation...
...private debt, all run up when times were good and we should have been storing up acorns. This is one that begins with people losing their homes, which is usually the last act of the drama. This is one that is bringing back stagflation--that poisonous combination of economic slowdown and eroding currency we cured at a terrible cost back in 1981. When that red phone rings in the middle of the night, it probably won't be the National Security Adviser saying Osama bin Laden has struck again. It will be the Treasury Secretary reporting that markets have opened...