Word: zero
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Dates: during 2000-2009
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...rebalancing act needs to proceed with haste. The country's factories need new customers. Chinese consumers can fill that void, by spending more and reducing their stratospherically high national household-savings rate, which stands at more than 25%, compared with a savings rate in the U.S. that hovers near zero. China needs to start creating new jobs by boosting its underdeveloped service sector, which contributes just 40% to overall GDP, compared with 79% in the U.S. In that way, the country can reduce its dependence on exports and continue to grow, thereby increasing its role as an outlet...
Back in Paris, architect Ferrier acknowledges that some clients are skeptical when he proposes concrete to them. But "the environmental advantage is clear: zero maintenance, zero painting and a very long life," he says. As soon as the price drops, he adds, "we'll be able to explore more...
...prosecution at the Hague, negotiations or even the use of force - should be targeted at his lieutenants, to "separate them from him, and from each other." As for Mugabe, Holmes says, "His reality rarely intersects with that of the 12 million people in his country. There is a zero-percent chance of a pragmatic response from him." Even the fact that scores of Zimbabweans are dying every day from a disease contracted by ingesting fecal matter in water - which can be cured at a cost of a few cents per dose of medication - won't produce a tipping point. "This...
Jones Day lawyers estimate that the rule change could cost the Federal Government up to $140 billion in revenue during the next few years. But it would only get that high if every bank in the U.S. were sold and troubled mortgage assets were all written down to zero. Still, a number of banks have made acquisitions since the rule change and are already benefiting. Wells Fargo will book an estimated $25 billion tax credit from its November acquisition of Wachovia. PNC, which bought National City in October, could get as much as $5 billion in tax benefits from that...
...early on the morning of The Game were probably pounding shots of tequila in the warm cocoon of their dorm rooms. For one set of drowsy yet dedicated undergrads, however, the morning played out quite differently: by seven a.m. the Harvard University Band was already outside braving the sub-zero temperatures at Harvard Stadium, without a mimosa in sight...