Word: worldlys
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...joined other bears by claiming the U.S. economy is entering a "new normal" era of slower economic growth and limited stock returns because American consumers have become thriftier. Instead of spending, they are paying off their heavy debts, and this will weigh on corporate earnings indefinitely. Yet it is world economic growth, not U.S. growth, that will dictate future stock returns. S&P 500 companies now obtain almost half of their revenue and profits outside the U.S. That share will most certainly rise as growth in the emerging nations continues to outpace that of the developed world...
...totally straight-faced denunciation of “The Da Vinci Code” as an “offense against God.” (The spats tend to come off as amusing largely because the church takes him far more seriously than the rest of the world does.) Yet it’s hard to imagine Brown—or previous bête noire J.K. Rowling—creating a work of such potency as to produce the existential symptoms the Pope fears...
...year to the time frame within which Iran could weaponize nuclear material. The deal would have offered more time for longer-term diplomatic negotiations. As a result, President Obama has begun trying to rally international support for a new round of sanctions. (See pictures of people around the world protesting Iran's election...
...course on nuclear talks. He and other prominent opposition members are also urging the White House to more actively condemn the brutal crackdown since the election that gave Ahmadinejad a second term despite opposition claims of widespread fraud. The limited reaction has allowed the regime to believe the outside world is indifferent to what is happening inside Iran, he said...
...former Soviet bloc countries, the children take Junior Eurovision seriously. Very seriously. Eastern European nations have won four out of the past five competitions, which isn't particularly hard when the vast majority of the performers come from that part of the world. Steve De Coninck-De Boeck, the founder of Belgium's Junior Eurovision program, believes the show is a barometer of the east's promise. "A lot of people don't see the evolution in Eastern Europe," he says. "When you're within Junior Eurovision, you see it every year. Their self-confidence is growing. They're becoming...