Word: lehman
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...each year,” Kolb said. “I think winning against the Georgetown novices wasn’t a small thing.” “We had no idea what to expect,” Traverse said. “Our coxswain [freshman Ellen Lehman] had never competed in any sport, but she performed absolutely incredibly.” —Staff writer Elizabeth a Joyce can be reached at eajoyce@fas.harvard.edu...
...tear. The 2004-07 period saw the second strongest bout of global growth on record - which translated into strong demand for cheap Chinese-made products. But this era may be ending. Most economists are predicting a significant slowdown in worldwide GDP growth in 2008. This slowdown, predicts Lehman Brothers economist Sun Ming-chun, will prove to be the "unmasking of [manufacturing] overcapacity in China." Says Li of the Asia Footwear Association: "The cake is only so big, and when you have too many people trying to eat it, you will definitely have some go hungry...
...retrenchment could have serious consequences for China's economy and society. The specter of legions of laid-off migrant workers roaming the streets in search of jobs is bound to keep Beijing's economic policymakers, who fear the political consequences of widespread social unrest, up at night. Sun, the Lehman Brothers economist, says as manufacturers are pushed to the brink, China's stock markets could see sharp declines. Given that many large, listed Chinese companies pad their profits by investing in stocks themselves, "a big correction could bring [corporate earnings] even lower, and a vicious cycle could result," says...
...kind of surreal.”In the meantime, in his last go-round as a collegiate baseballer, Jenkins will try to nail down the second-base job and help propel Harvard to another Ivy League crown. He’s been waiting.—Staff writer Jonathan Lehman can be reached at jlehman@fas.harvard.edu...
...central bank needs to exercise leadership and independence. After growing relatively briskly over the last five years, Japan's economy now appears to be slipping into a malaise and possibly a recession. "Muto is seen to be close to the government and to the Ministry of Finance," says Lehman Brothers chief economist for Japan Kenichi Kawasaki. "You can imagine Muto's potential sympathy toward those you might call his schoolmates." Although he calls Muto a "smart, top MOF guy," Kawasaki added he is "more like a lawyer than an economist...It's a pity that there's not a stronger...