Word: pace
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...China's interested in a deal and they don't worry about the sanctity of contracts or other legal niceties." The creation of an Asian trade alliance could place American big business at a disadvantage. Though U.S. companies have historically invested far more in ASEAN than China, the pace of investment has slowed in recent years as the U.S. is squeezed by Asian competition. (See pictures of Obama's diplomacy...
...Exchequer under Blair and has been Prime Minister since 2007. But he has deflected blame to global pressures and has made political hay of his rival's lack of experience. "This is no time for a novice," declared Brown in September 2008 as the global financial crisis gathered pace. A Conservative poll lead of 20 points has eroded to the narrowest of margins, not least on fears of the youthful opposition team's collective inexperience. There's another factor that counts against them: the Conservatives have traditionally been seen as the party of the rich, and few Brits are feeling...
Obama's trip will offer a challenge to the new top dog in Asia. China is now a larger trading partner of both Japan and ASEAN than the U.S. is, and the pace of U.S. investment in Southeast Asia has slowed in recent years. "If we are closer to China now, it is only because the U.S. has neglected us," says Kavi Chongkittavorn, a columnist for the Nation, a Thai newspaper. The rivals for the region's affections are not getting along. In recent weeks, China has attacked Obama for approving arms sales to Taiwan and meeting with the Dalai...
...Still, many analysts believe the sector has stabilized enough to continue rebounding on its own, albeit at a painfully slow pace. "It's not going to look like a V-shaped recovery in the housing market. It's going to be one flat, long hockey stick, with anemic growth," says Mark Fleming, chief economist at First American CoreLogic...
...might take even longer for true strength to be evident in the housing market. "Recent estimates suggest that it would take about 33 months to clear all troubled mortgages at the current pace of liquidations," wrote Merrill Lynch analyst Michael Hanson in a recent note. Alex Barron, founder and senior research analyst at Housing Research Center LLC, has similar worries: "We need to be concerned about the homes that are significantly underwater but haven't yet defaulted," he says. "It may take another two, three or four years before we're well on our way towards a real recovery...