Word: slowdowns
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...India and China have argued against enforcing strict emission controls in their countries, on the grounds that these could hinder their economic growth and prompt a global economic slowdown. But the new IEA report says working with China and India on alternative energy sources and curbing emissions is a matter of global urgency...
...everyone is as bullish. "Overall there has been a slowdown to golf communities," says Doug Main, director of national golf practice for Deloitte Financial Advisory Services in Atlanta. He adds that "the tide has dropped a little even in [the high-end] markets. That doesn't mean there aren't pockets and projects that are exceptions to the norm." Main says there has been a trend toward a more tranquil setting: "That's why there's a couple of clubs like [the Cliffs]--and to a different degree out in Montana and others--where it's really an experience...
...almost $30 billion into the U.K. system after the credit squeeze nudged up the rates banks were charging each other to borrow. The longer those rates remain high, the more mortgage providers will be forced to pass on the costs to homeowners, increasing the chances of a consumer spending slowdown and a weakening economy. That prospect - and the dramatic half percentage point cut to 4.75% by the U.S. Federal Reserve to its key federal funds rate, its first cut in four years - will heap pressure on the Bank of England to reduce U.K. rates, now at 5.75%, before...
...much of this year it was tempting to see this disconnect as a good thing: strength elsewhere was compensating for the slowdown in housing. But when the Labor Department reported in September that job creation had lurched into reverse after four years of gains, the tune on Wall Street and elsewhere shifted abruptly. Economists began fretting that, for the first time, a real estate bust would throw the country into recession--a sustained period when the economy shrinks instead of grows and lots of people lose their jobs...
...loans which banks make on highly favorable terms to potential homeowners with weak credit histories—became common in recent years, but a rash of recent defaults has sent the mortgage industry into turmoil. Amidst worries that the mortgage crisis could be causing a general economic slowdown, many argue that an interest rate cut is in order to push the economy back on track. But others say the Fed should not bail out a small segment of investors for their “greed and stupidity.” Harvard instructors including Warburg Professor of Economics Robert J. Barro...