Word: spikeness
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...country isn't returning to the Dark Ages?GDP this year is expected to jump a healthy 5%, the fastest pace since the economic crisis, according to Goldman Sachs?but it is moving in the wrong direction in many sectors. Even as global commodity prices spike, Indonesia's valuable natural resources, including natural gas and minerals, remain untapped because of doubts about the legal system and worries over security. Over the past two years, more than 20% of Indonesia's shoe manufacturers have shut down. "The country has been deindustrializing for several years," says Hans Vriens, managing director...
...Kucharski Oil Crisis? What Oil Crisis? Rising oil prices? No problem - they won't stifle the current recovery in Europe, the U.S. or Japan. At least that was the soothing message delivered last week by the Paris-based Organization for Economic Cooperation and Development (O.E.C.D.). Oil prices continue to spike - last week they briefly hit $49 per bbl. in New York, and a study by the International Energy Agency estimates that a sustained $10 rise in oil prices knocks about 0.5% off the euro zone's economic growth. But Jean-Philippe Cotis, the O.E.C.D.'s chief economist, says that unlike...
...spike in young people’s voter registrations comes in no small part from the efforts of numerous civic-minded organizations. From the hip (Rock the Vote) to the provocative (Vote or Die) to the partisan (America Coming Together), groups of all sizes and flavors have been urging young people to sign up to vote for months. Their novel use of the Internet to assist youth in voter registration is an especially welcome technique, as it allows young people to employ a convenient and familiar medium to register. We hope that these organizations continue their mission past the voter...
...countdown to the Paralympics, opening in Athens this week, has begun, and Iran's sitting-volleyball team is readying for what it hopes will be its fifth consecutive gold. Team manager Ali Kashfia, watching from a battered turquoise wheelchair, nods appreciatively as he watches a particularly elegant set-and-spike maneuver, a smile splitting his scarred and twisted face. The 40-year-old veteran of the past four Paralympics lost his legs, one eye and the hearing in one ear when he stepped on a land mine in 1983, during the Iran-Iraq war. But Kashfia insists he does...
...Party has proposed tax cuts to help spur domestic consumer and corporate spending. But export growth slowed to less than 30% year on year in August, making it less likely that the country can reach this year's target GDP growth of 5%. In this precarious situation, a spike in oil prices might well tip the country into recession. "Needless to say, if oil prices were to approach $50 per barrel and stay there, all bets would be off," wrote Goldman Sachs economist Sun Bae Kim in a recent report...