Word: felling
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...reasons that GDP did so poorly is that capital expenditures fell at an annual rate of 38%. A fair portion of that drop was due to slow activity in the housing market. Recent figures on home sales should cause any capable analyst to believe that housing will not be a source of any hope for a recovery...
...been eaten for millennia, but it fell deeply out of fashion shortly after Captain Arthur Phillip sailed ashore in 1788 with six cows, 29 sheep and 717 English convicts to form the first British colony in New South Wales. Non-native herd animals replaced the nomadic Skippy as the continent's meat source of choice. Australia began exporting kangaroo in 1959, and many an Aussie dog has feasted on it for decades. But it wasn't until the 1990s that most Australian states legalized the domestic sale of kangaroo as people food. John Kelly, executive director of the Kangaroo Industry...
...automobiles. The success of the stimulus program, economists say, may be rejuvenating intra-Asia trade links and created a boost to exports from other Asian nations. Singapore's exports to China actually rose a substantial 14% in March from a year earlier, while those to the U.S. and EU fell 31% and 22%, respectively. "China is definitely coming on line and re-activating its call on the Asia supply chain," says Glenn Maguire, chief Asia-Pacific economist for Société Générale in Hong Kong. "That's clearly a positive...
...sector that is suffering the most is manufacturing, which is dominated by private companies. In 2008 an estimated 300,000 small and medium-sized firms collapsed; from January to March this year, exports fell by 19.7%, putting more pressure on the survivors. "The crisis hits China's private sector really hard because China's private sector accounts for a larger share of China's manufactured exports," says Yasheng Huang, an MIT professor who wrote about the rising power of SOEs in his 2008 book [Capitalism with Chinese Characteristics]. "So essentially you have a private sector whose main source of customers...
...dead in Mexico City. The PRI's response to that tragedy was appalling, and it sowed the opposition anger that proliferated as the jaded ruling party kept making blunders, including a disastrous 1994 peso crash. In the next presidential election, six years later, Mexico's Berlin Wall finally fell...