Word: slowdowns
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...starting point for reform discussions. A member of the commission, Robert Pozen, CEO of mutual-fund firm MFS Investment Management, says he believes future benefits must be cut to fix the system. He endorses personal savings accounts as "the sugar to get people to accept some slowdown in the growth of benefits." So far, advocates of reform have promised that people near or at retirement age will not be affected by personal savings accounts. Whether the program will be voluntary for others is open to debate...
Davis said that the September slowdown was due to an increase in traffic as a result of the application’s integration with the my.harvard portal, and to the complexities of some of the new features...
Sustaining that growth will be a challenging task. The University faces a fundraising slowdown and a costly Allston expansion—factors that could exacerbate the Kennedy School’s budget crunch and force further belt-tightening measures...
...With the Fed now back in play and a slowdown just around the corner in China, it's d?j? vu in Asia. The region's vulnerabilities stem from the long-standing deficiencies of internal demand?namely, the lack of support from private consumption. Until Asia establishes a better balance in its growth dynamic, the impacts of external disturbances will forever be magnified. The 1997 crisis drove this point home with a vengeance. Since then, Asia has concentrated its efforts on repairing the cracks in its financial architecture that proved so damaging back then. But no two crises are alike...
...sales into China. Given the postbubble travails of Korean consumers, a deterioration in a key source of external growth could have a major impact domestically. Dramatic effects can also be expected in Taiwan and Hong Kong?economies that have become appendages of the mainland's production platform. A slowdown in China puts all that at risk. Meanwhile, in America, the drumbeat grows louder for a shift in U.S. monetary policy, presaging higher borrowing costs. With the American economy surging at a 5.5% average annual rate since mid-2003 and employment finally on the rise, a 1% federal funds rate...