Word: sunk
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...what's in it for ADUG? For super-rich investors, short-term profits are an unlikely motive. Russian oligarch Roman Abramovich has sunk more than $1 billion into Chelsea since buying the London club in 2003. But while that's earned the team two Premier League titles and a place in the finals of Europe's élite club competition, Chelsea still couldn't manage a profit...
...question now is whether this international love affair with Russia as a place to do business can continue. The shooting war in Georgia this month sent investors in Russian stocks rushing for the exit: the RTS stock index has sunk to its lowest level since November 2006 and is down 32% in the last three months. The fighting was the most deadly sign that Russia is not a predictable or stable investment environment, but it was by no means the only one. Along with the new geopolitical uncertainties, foreign businesses and investors are also grappling with signs of economic vulnerability...
...creditors, however, the more it unsettles its people. Earlier this month the price of tortillas quadrupled overnight. Next month the cost of a Mexico City subway ride is likely to increase from one peso to 50. Such developments are not easy on a typical worker, whose real wages have sunk, by one estimate, to their 1967 level. Yet many Mexican officials feel that their diligence in making sacrifices, and in honoring every debt payment so far, has been insufficiently recognized by creditors abroad. ''Mexico requires special treatment,'' said Angel Gurria, head of foreign credit at the Finance Ministry. ''But bankers...
...might count for something. The 260 laws passed by the 110th Congress represent a 30-year low, and they include the naming of 74 post offices, not to mention the nonbinding resolutions designating July National Watermelon Month and recognizing dirt as an essential natural resource. Approval of Congress has sunk to a record low: 9% of people in a Rasmussen poll think lawmakers are doing a good or excellent job. The happiest news in this for the Democrats running the place is that about 40% of voters think the Republicans are still in charge...
...showed no change overall in June; indeed, there was a sharp increase of postings for jobs in tourism, hospitality and health care, according to the online recruiter Monster, which compiles the survey. Still, fueled by negative headlines, fears abound about harder times ahead: in the U.K. consumer sentiment has sunk to its lowest level since 1990, according to a poll by market research firm GfK NOP; back then the country was heading into a deep recession. Riches-Flores of Société Générale reckons Europe may already be in the midst of a consumer spending...