Word: weakness
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...Diet's ruling parties aim to pass the legislation this month. Nakagawa, the Finance Minister, says the law could include a new measure that would allow credit unions and credit associations with weak capital bases to apply for public funds...
...gauges what consumers are doing and it's a good indicator of actual spending," says Michael Englund, chief economist for Action Economics, a bond and currency market consulting firm. "The good news for households is that food and energy prices are falling, although some might see this as a weakness in demand and a sign the economy is slowing." Englund says the drop below August's sales levels are mostly due to extremely weak auto sales, as people have had difficulty getting loans due to tighter credit and higher rates. "Our view is that the current downturn will equal...
...result: economists across Europe are writing off 2009 as a year to forget, and some expect the weakness will continue into 2010 and beyond. Consumption will likely be sluggish and business investment soft. In European countries where the real estate market had overheated, including the U.K., Ireland and Spain, house prices are expected to continue tumbling. As the rest of the world also slows, exports will be hit - particularly bad news for Germany, which as recently as the first quarter of this year had served as the motor of Europe, thanks to its surging sales of machinery and other capital...
...feeling, this common feeling that we are here just to serve our peoples." Bush returned the compliments, thanking Berlusconi for his "friendship and his wisdom," and calling him "a man of sincerity and principle, who speaks his mind and keeps his word." He even took a rather weak stab at saying a few words in Italian...
...holdings. Besides, China is still earning billions a day through its exports and "has to do something with the money," says one senior Beijing economist who asked not to be named. He and others note that a sudden move into the euro is highly unlikely with European economies looking weak and exchange rate losses threatening...