Word: surpluses
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...euro that has so far borne the brunt of the dollar's decline: it rose about 10% last year against the greenback. A stronger currency makes European exports more expensive for foreign buyers. But that hasn't prevented Germany from notching up its biggest trade surplus since the fall of the Berlin Wall 16 years ago. The good news is that buoyant exports have boosted business confidence in Europe's biggest economy and led to an unexpectedly strong increase in domestic demand. German companies appear to be hiring again: in December the number of jobless fell...
...euro and the pound sterling have also strengthened, with the E.U. currency rising by about 10% in the past year alone. A stronger currency makes European exports more expensive for foreign buyers. But that didn't prevent Germany from notching up a $200 billion trade surplus in the first 11 months of last year, the largest since the fall of the Berlin Wall. The good news is that buoyant exports have boosted business confidence in Europe's biggest economy and led to an unexpectedly strong increase in domestic demand. German companies appear to be hiring again: in December, the number...
...figments of uninformed American imaginations. For a start, those pirated DVDs of first-run Hollywood movies available for 75 cents on the streets of Shanghai are all too real-despite repeated pledges from the Chinese government to crack down on rampant intellectual-property theft. And China's trade surplus, which rocketed to $177.5 billion in 2006 and has risen from less than 2% of its total economy to around 7% in five years-surely Beijing has something to do with that. But instead of substance, the Americans got a soliloquy-which may explain why, during Wu's speech, some...
...economy is now one of Europe's most dynamic, racing along at an 11.3% growth clip. Estonia is the only new European Union member to have a budget surplus, and its national debt is shrinking rapidly. Naturally, there are growing pains: the unemployment rate has fallen so sharply, from 14% in 2000 to about 4% today, that businesses are scrambling to find workers. "This is the best time in our history," says Sten Tamkivi, Skype's Estonian operations manager. Skype has 250 people in Estonia and reckons that it will have exhausted the local labor market once it gets...
...competitive and highest-turnout general election, according to UC Treasurer Benjamin W. Milder ’08. Because the UC was no longer responsible for planning—and funding—campus-wide social events, money that once went to CLC was freed up in the budget. This surplus has been directed to HoCos, student groups, and the party fund. Some of the CLC’s previous responsibilities, such as shuttles, have disappeared. HoCos will receive an additional $25,900 this year, the party fund has been allocating 60 percent more money for parties, and student groups...