Word: slumps
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While the U.S. has been debating how to bail out GM and Chrysler during the worst auto industry slump in decades, China has been scrambling to come up with its own rescue plan for its ailing carmakers. But unlike Washington, which is providing billions of dollars to prop up the balance sheets of the Detroit giants, China is taking a different route: it's trying to get consumers to buy more cars through a sales tax break and targeted subsidies for rural buyers...
...Merrill Lynch saw the number of fund managers who believed China's growth would be lower in the next 12 months shrink drastically. Jing Ulrich, chairman of China securities at JPMorgan in Hong Kong, noted after client meetings that "attitudes toward China's efforts to counter the economic slump seem to have turned more positive." The happy mood also showed up in Chinese stocks. By mid-February, the Shanghai stock market had surged more than 30% since the beginning of the year, making it the world's best performer. (The index has fallen off slightly since.) (See 10 things...
...Nevertheless, MacDonald says his store is “doing okay,” and that his revenue may be less affected by the economic slump than by daily weather conditions and tourism in the Square. He also notes that in recent years, Square landlords have started taking into account the long-term diversity of the community when choosing tenants, rather than simply looking for the biggest profit...
...number of graduating Harvard Business School MBA students who have received job offers at this point in the year has held largely steady despite the current financial slump, a career services official said last week...
...road twice in November. Injuries befell starters Jenny Brine and Cori Bassett, causing them to miss a combined eight games. Superstars Sarah Vaillancourt and Christina Kessler umderwent prolonged absences to play for their respective Canadian national teams. The Crimson’s powerful offense was mired in a frustrating slump...