Word: toughers
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...bottom line: Securities analysts now expect the fourth quarter and 2009 to be much tougher on corporate America than they did just a month ago. Part of this new burst of cynicism is coming from the brutally candid earnings that guidance companies have been providing lately. "What management is saying on these [conference] calls is basically 'Life sucks,'" says Van Dijk. (He titled his investment report for the close of October "Halloween Comes Early: The Drop in Earnings Expectations Is Scarier Than Any Witch or Werewolf That Shows Up at Your Door...
...borrowed from the playbook of many a successful challenger, aligning himself with the status quo where it suits, veering from it only on sure-fire perennials like getting tougher on criminals and providing more tax cuts. He's made himself, in other words, a small target, and Clark has struggled to lay a glove on him. In the Oct. 14 debate, a panel member explored the idea of Key as a Nowhere Man, the candidate having admitted in an interview that while he was a commerce student at the University of Canterbury, he'd had no strong feelings about...
...degree of autonomy and preserve Tibet's traditional culture. This year he has found himself in an increasingly impossible situation since the riots in March, analysts and academics say. Younger and more radical forces among the some 100,000-strong exile community in India have increasingly called for a tougher stance against Beijing, particularly as reports of alleged further abuse, including arrests and shootings of demonstrating monks, have grown...
...even if the summit yields trans-Atlantic agreement on tougher regulations, Lannoo says the new determination to substitute sobriety for greed may be a harder line to sell to emerging nations. "Lots of countries in Africa, Asia, Middle East, and South America are going to say, 'these are reactions to your problems created by your systems - why should we listen to anything you say now?'," Lannoo says. "The challenge isn't just finding ways to prevent future excess, but also to convince nations like China and India to agree to turn off the music and quiet down when they...
...coming downturn is already shaping up as different from--and tougher than--some previous ones. That's because the financial crisis is taking place at the same time as a real estate downturn, a conjunction that is unusual; in the past, one has often followed the other, but it's rare for them to happen simultaneously. And the problems are being exacerbated by an explosion of household debt in Britain. Buoyed by rising property prices, households ratcheted up their borrowing to a massive 173% of disposable income, vs. 106% in 1995. That's way above even that paragon of profligacy...