Word: zero
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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...
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...
...Colgate on Saturday. Leading the Crimson (4-2) once again was junior guard Jeremy Lin, who filled up the box score to the tune of 26 points, eight rebounds, six assists, and four steals as his team won its second road game of the season after they won zero roadies last year. It was the fourth straight game he led the team in scoring. Freshman guard Max Kenyi added 12 points off the bench, including the biggest basket of the game against the Raiders (2-5). His team clinging to a one-point lead at 62-61 and less than...