Word: slump
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...China needs a new economic miracle - and the trajectory of the global economy may depend on whether one can be conjured up. China, theoretically, should be one of the locomotives that will eventually help pull the world out of its slump. That won't happen overnight; overhauling the world's fourth largest economy is going to take some time. For the moment, to tread water, Beijing is frantically throwing money at infrastructure projects, much as U.S. President-elect Barack Obama now promises to do in America. But ditch-digging on a national scale, Beijing knows, will not take China where...
...Morgan's script has events push Frost against the ropes, the better to show how he rallied to win the fight. In a career slump after losing his Australian TV gig, he secures a contract for the Nixon interviews but must pay $200,000 out of his own pocket. The three big U.S. networks refuse to buy into his scheme, and he borrows money from friends. (He eventually creates a de facto network of independent stations to air the interviews.) Of the two reporters he hires to research Nixon, one, Bob Zelnick (large, puddingy Oliver Platt) is cynical of Frost...
...they don't want to build. They have to build them because they have a fixed cost structure to amortize," says Nick Gidwani, a former auto-industry investment banker with Sankaty Advisors and now head of the startup auto-sales website CarZen. Particularly after the post-9/11 sales slump, Detroit got addicted to this strategy and used it to move plenty of SUVs...
...closely tied to the economy, even though the two often run in very different directions. The market is always looking ahead six to nine months and is a gauge of what investors collectively believe will be the situation far into the future. That's why stock prices began to slump well before the recession was in full bloom. It also means that now, just as economic woes seem the most dire, the market could be close to focusing on the recovery and moving higher...
...however, this Chinese territory's economy - highly dependent on financial services and trade - is proving vulnerable to the global downturn. As Europe and the U.S. slump, so have merchandise exports from Hong Kong, which in the third quarter grew at their slowest pace in more than six years. Hit by higher costs, slowing orders and tightening credit, thousands of factories owned by Hong Kong firms are closing up in southern China's industrial heartland. This week, HSBC, the city's largest bank, said it would layoff about 450 people in Hong Kong due to deteriorating business conditions and a poor...