Word: underpinning
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...most the Seattle meeting will agree to launch a new round of negotiations over many years to solve these issues in the future. We'll see in the next few days whether the world can hold itself to standards of fairness, efficiency and transparency --the high principles that underpin the WTO--or whether the melee on the streets will be mirrored in an ongoing melee among the world's governments...
...that says all-stars Sandy Alomar and David Justice work for them now. But of course we know that athletes work for themselves. So all that the shareholders really get is a fancy sheet of paper that may or may not develop collectible value. There's little else to underpin the stock--no dividend, no earnings, no free tickets, no say. (If shareholders had a say--a vote, that is--would they change the team's politically incorrect name and logo?) The franchise value promises to keep rising, and that helps. But only Jacobs can realize that value, and only...
...Corporate profits, which underpin stock prices, remain strong. Third-quarter profits have now exceeded estimates for the 19th consecutive quarter...
Mexico is not the only victim of the crisis of confidence. Emerging nations that have been relying on foreign investment to underpin financial reform and build prosperity will have to do with less as a result of the cooling of investor ardor. Argentina, which like Mexico has an overvalued currency and carries substantial foreign debt, has watched $1.8 billion flee the country since the Mexican devaluation, despite firm promises by the government that the Argentine peso will not be devalued. Last year $11 billion flowed into Argentina in direct and indirect investment; this year the amount is expected to drop...
...Ethnic studies should not overlook the sociological factors that underpin ethnicity...