Word: cautiously
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...Hong Kong's financial sector, of course, has been hard hit by the recent global economic recession. Unemployment from May to July this year rose to 5.4%, up from 3.3% in mid-2008. And despite optimistic signs of recovery, the outlook for employment is bleak "as business sentiments remain cautious and employers are generally conservative in hiring new hands," said Hong Kong's Secretary for Labor and Welfare, Matthew Cheung, in a statement in mid-August. To stem the shock, the government has instituted relief measures including rental waivers for its lower-income public-housing tenants...
...investors have been cautious on the group, giving only lukewarm receptions to four entities that recently went public in the sector: PennyMac raised only $335 million in its IPO - less than half of the $750 million it had expected - and its stock fell below its opening price after trading began; Invesco Mortgage Capital Inc. (IVR) raised $170 million; and Cypress Sharpridge Investments (CYS) grabbed $100 million. Starwood fared better, raising $810 million - the second largest IPO this year - but its share price also slipped below its IPO price the first day. (See which businesses are bucking the recession...
...second-quarter data gives reasons for hope, but it also resulted from some exceptional factors that will be increasingly less influential from now on," Moec says. "The outlook, therefore, is one of cautious optimism...
...This study shows that psychological stress, which we know can affect stress-hormone levels, can have a fairly rapid influence on where extra calories go," he says. "I'm generally quite cautious about animal research, but here I think we're seeing something that has direct relevance to human health as well...
...uneducated Pashtun tribesman from a modest clan, Mehsud reportedly came from a family that made their living driving trucks. Though given to boasting about his grand plans for inflicting mass murder, Mehsud was also cautious. He shunned photographers - there are no definitive portraits - traveled in convoys protected by armed guards and hopped between safe houses. Despite his bellicose rhetoric, Mehsud was also described as baby-faced and jocular in person...