Word: ernst
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...prevented a huge flow of international investments into the economy this decade. The question now is whether the country's latest bout of economic instability will frighten away, possibly for years to come, the foreign capital the country needs to thrive. No, answers Marc Lhermitte, a partner at Ernst & Young, which in September published a survey of the attractiveness of leading cities. Moscow scored high on the list; Chinese investors ranked the Russian capital just behind Paris, for example. Despite all the recent economic and geopolitical turmoil, Russia is becoming "a significant destination" for international companies, Lhermitte says. The crisis...
...letter to the community, Keefe said that the Health Alliance will be teaming up with the firm Ernst & Young to evaluate the hospital system’s overall structure and present proposals by the end of December. Keefe said that the Health Alliance—which owns three hospitals and 21 clinics based in Cambridge, Somerville and Boston—will be holding a series of Town Hall-style meetings throughout the coming months to receive input from those with a stake in its future ranging from employees to community leaders...
Take, for example, the case of a prolapsed umbilical cord. In roughly 1 out of every 300 births, the cord slips down into the birth canal before the baby does and risks cutting off the baby's oxygen supply. Kitty Ernst, an expert on midwifery at the Frontier School of Midwifery and Family Nursing in Hyden, Ky., says midwives are trained to push the baby's head back up off the cord and hold it there--the same way an obstetric nurse would--and get Mom to the hospital as an operating room is being prepared for her. "Your hand...
This month Taylor Wimpey, Britain's biggest housebuilder, failed to secure badly needed new funding from existing shareholders or new investors; its stock has dropped by 95% in the past year. Several Spanish homebuilders and construction firms are also struggling. Hetal Mehta, an economist at Ernst & Young in London, says U.K. house prices - which have dropped about 8% from their peak last year - could fall another 10%. Deutsche Bank figures the total drop could be closer to 25% by the end of 2010. Whatever the eventual decline, housing woes are already casting a chill on spending. For example, says Mehta...
Financial Risk Across Europe, banks have put a brake on their lending, both to individuals and to companies. Indeed, credit conditions have so drastically tightened that Mehta of Ernst & Young jokes that, for a first-time home buyer in the U.K. these days, "getting a mortgage is like winning the lottery." That's an inevitable reaction to a slowing economy and the worldwide financial squeeze triggered by the U.S. subprime debacle. What nobody can predict with certainty is whether there are any huge financial risks still lurking undetected; in the aftermath of the subprime crisis it turns out that many...