Word: worst
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...easiest way to dismiss Buffett's assertions about the economy is to point out that his own performance in the market was the worst it has been in 44 years. This may be an indication that his skills as an investor do not extend to picking companies that will do well in a rough period. If other brilliant men in the investing world like George Soros, Wilbur Ross, and Julian Robertson did not see things essentially the same way, optimists could argue that there is no consensus among the great investors...
...Evidence of just how bad the global recession is shaping up to be is building fast. The worst of the news Monday came with the announcement that financial insurance giant American International Group had lost $61.7 billion in the last quarter of 2008, the largest quarterly loss in corporate history. As the insurer of much of the toxic American mortgage debt that detonated the implosion of the world's finance markets, AIG is now also set to take on an additional $30 billion in U.S. government rescue funding beyond the record-setting $150 billion in aid it received last year...
While the U.S. has been debating how to bail out GM and Chrysler during the worst auto industry slump in decades, China has been scrambling to come up with its own rescue plan for its ailing carmakers. But unlike Washington, which is providing billions of dollars to prop up the balance sheets of the Detroit giants, China is taking a different route: it's trying to get consumers to buy more cars through a sales tax break and targeted subsidies for rural buyers...
...vehicles, has had an immediate impact. January sales of small cars jumped 19% compared with the previous month, according to the China Association of Automobile Manufacturers. Also boosting buyer interest: Lower road taxes and fuel prices, which are set by the government. (See TIME's picks of the 50 worst cars of all time...
...unaccepted" in their convents. Cases of nuns speaking up like Raphael are still rare, but there may be an avalanche building up due to the changing social scene. Earlier, girls from disadvantaged families embraced the vows, finding that life in a convent, while hard, saved them from the worst of deprivation. But once in an order, they found it difficult to complain or leave. "They simply had nowhere to go," says Pulikunnel. "If they quit the convent, they'd be thrown out penniless, and their families wouldn't take them back...