Word: slump
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...price hit AU$0.55 when trading was suspended in December. Minmetal's will pay a 50% premium on that. Clearly, for China - whose voracious appetite for metals and minerals drove commodity prices sky high until last year's bust - the timing is now right. "These [Chinese] companies know this slump, while deep, will not last forever," says Xu Minle, a Shanghai-based analyst at logistics company BOC International. "China is now making strategic investments overseas at a comparatively lower cost...
...aides, the nightmare is a depression like the one that struck Japan in the 1990s, and a slow government response is the bogeyman. Geithner and National Economic Council Chairman Larry Summers were Clinton officials when a real-estate bubble in Japan burst, dragging the country into a decade-long slump. Alarmed by the downfall, they watched Tokyo gradually approve stimulus spending and scatter funding across projects—to no avail...
...while short-term costs might seem painful during an economic slump, cities will be keen to press longer-term benefits. "The London 2012 Games will provide economic gold at a time of economic need," Tessa Jowell, Britain's Olympics Minister, wrote in the latest annual report on progress toward 2012. That will mean 100,000 contract jobs to stage the Games - of those currently working on the Olympic site, one-tenth were previously unemployed - with half as many long-term positions created in the park and surrounding area. "The Games remind us," Rogge said on a recent visit to London...
...repeated. A fifth straight loss to a Bears team that had yet to win an Ivy matchup could have sent Harvard down a similar disappointing path this season, but the second half heroics prevented a slide equivalent to that of last year. “We were in a slump and we had one half left this weekend,” Lin said. “We took it upon ourselves to be tough, to get boards, to make plays.”—Staff writer Emmett Kistler can be reached at ekistler@fas.harvard.edu...
...Students, at Harvard and elsewhere, should view the budget shortfalls as a call to serve their communities by volunteering at schools. Private foundations should also look inward and begin working to rebuild the American education system. It will take more than government to lift our schools out of this slump, and everyone must begin to do their share...