Word: withstands
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...blistering 5.6% rate of the first three months of 2006. Jim O'Neill, London-based head of global economic research for Goldman Sachs, says that even if the U.S. economy remains soft for much of the year, "we're pretty confident that the rest of the world will withstand it." So far at least, businesses ranging from Hong Kong electronics makers to German machine-tool producers are riding out a period of U.S. weakness. At the German Engineering Federation in Frankfurt, chief economist Ralph Wiechers concurs. "It used to be that the U.S. economy supported the world economy," he says...
...that some places are doing better than just fine," says Jim O'Neill, London-based head of global economic research for Goldman Sachs. Even if the U.S. economy remains soft for much of the year, O'Neill adds, "we're pretty confident that the rest of the world will withstand it." At the German Engineering Federation in Frankfurt, chief economist Ralph Wiechers concurs. "It used to be that the U.S. economy supported the world economy," he says. "Now it's the other way around...
...Others argue that the global economy is now better able to withstand potential shocks such as slower Chinese growth because it's more flexible and healthier, and because interest rates around the globe are relatively low. Kenneth Rogoff, a Harvard professor and former chief economist at the IMF, believes Asia is not immune to a sharp U.S. slowdown, although he says Europe may be better insulated because of its big internal market, which now covers 490 million people. But he also points out that, until the early 1990s, Japan was a vital source of global growth that virtually disappeared during...
...clear benefits in terms of alumni giving and involvement. The argument that one’s legacy status should not be considered at all, creating some newfangled meritocracy, is too idealistic. It also assumes too much about the goodwill of donors and Harvard’s ability to withstand a reduction in alumni donations...
...Pinochet's dictatorship symbolized the last throes of CIA-backed anti-communism in South America. When the Berlin Wall fell and Cold Warriors like Pinochet became obsolete - if not denounced - in Washington, Pinochet wisely built a fortress of legal immunity around himself before stepping down. But it couldn't withstand the level of pent-up outrage at home and abroad. In the most bizarre case, British authorities arrested Pinochet in London in 1998 on an arrest warrant issued from Spain - where prosecutors wanted to try him for allegedly ordering the execution of leftist Spaniards living in Chile in the 1970s...