Word: poorly
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Hubbard agreed that "there have been enormous benefits to the U.S. economy" from trade with China. But he wasn't buying the argument that the strong yen caused Japan's economic troubles in the 1990s--pinning the blame instead on "extremely poor" monetary policy and messed-up banks. And while admitting that "we don't really know the appropriate value" of the currency alternately and confusingly known as the yuan or renminbi (RMB), Hubbard rejected the idea that keeping it low helps the Chinese economy. "To the extent that there is an undervalued exchange rate, this is bad for China...
...statement released Monday by Citadel, President and CEO Kenneth C. Griffin ’89 said that his firm’s acquisition of Sowood underscores its strength even in times when other funds are also suffering from the poor credit market...
...Besides, in the decade before his international success, the cinema offered a busy young man with a seductive intensity something he couldn't readily get from theater: money. "I was very poor at the time, you know," he said. "I already had a lot of children and a lot of women, and money had to be paid out. A good deal of my filmmaking in earlier days came from lack of money." The movies' greatest "woman's director" was also a great lover and careless discarder of women. Rumor had it that the seven lead actresses in his 1964 comedy...
...months later, I sometimes feel like William Holden in Sunset Boulevard floating facedown in the pool with a bullet in his back. "The poor dope," he says, narrating from the afterlife. "He always wanted a pool. Well, in the end, he got himself a pool...
...average speed of vehicles that remain. Meanwhile, the funds collected from the tax will be used to bolster public transportation, offering more eco- and traffic-friendly alternatives. While critics charge that the tax is regressive, since the proposed eight dollar fee will present more of a burden to poor motorists, they fail to note that a majority of automotive commuters earn above-average incomes, and that the tax means increased funding for buses and subways that are used disproportionately by less affluent residents...