Word: uncertainities
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Although her long-term plans are uncertain, Peng knows what she wants out of her experience in Asia. She looks forward to discovering Hong Kong and that region of the world. She expects to learn more practical skills in a fast-paced environment than at Harvard. “What I hope to gain from my time at Goldman are the tangible skills that are transferable to other industries and interests,” Peng says...
Where Kirch will next turn for help is uncertain. It would probably be a bad idea to approach Stoiber, who formally launched his campaign for the German chancellorship last month. Bayerische Landesbank - which is 50% owned by the Bavarian state, where Stoiber has been premier since 1993 - is Kirch?s biggest lender, with an estimated $1.7 billion in loans. Last year, the regional government saw to it that the bank provided a loan for Kirch to acquire a stake in Formula One motor racing. But the bank?s massive exposure to the media empire has raised eyebrows, and political pundits...
...course, in the real world employees’ choices aren’t so simple or clear-cut because the economic benefits to any new knowledge are uncertain. Low-skilled workers who know little English also have non-financial incentives for wanting to develop these skills, such as wanting to be able to read with their children or converse more easily. However, the chance to earn a higher wage at the end of a class is, without doubt, a serious motivating factor that would be reduced in the presence of a living wage...
...customary late-night phone calls demanding updates on even the most picayune government projects: bridge repairs, toilet construction, the delivery of a bulldozer. After one year in office, she says, "by and large, I'm on track." Yet Arroyo, like the Philippines at the moment, is fluttering in an uncertain sky, trying to set a course but too often buffeted by forces that appear far more powerful than she. Poverty reigns, and government programs are hampered by the huge bites foreign debt and corruption take from the budget. Faith in law and order is nonexistent. Reports of kidnappings in Manila...
...federal government can run deficits, but that doesn't mean it's a good idea. When the national debt is rising, the long-term financial outlook seems more uncertain and banks keep interest rates high, no matter how much Alan Greenspan cuts the prime rate. During the 1991-92 recession, the Federal Reserve cut the prime rate and bank rates barely budged. That kept the economy in low gear. Now the economy is in a recession again, and in one year the federal government has gone from endless surpluses to a return to deficits. There...