Word: quarterly
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...strength that six months ago many doubted it had. A devastating slump in exports crippled growth late last year, but on the back of a $586 billion government stimulus program - about 13% of GDP, spread over two years - China has snapped back. The economy grew 7.9% in the second quarter and will now probably expand 8% or more this year. Evidence of increasing momentum appears almost every day. Factory production has begun to edge up, in part because Chinese consumers continue to spend money at a healthy pace. Auto sales, helped significantly by government subsidies for small-car purchases...
Long-term unemployment is also dangerous for the economy as a whole. One quarter of the long-term unemployed permanently leave the workforce, a recent study by the Congressional Budget Office found, producing increased loss of output in the economy. Long-term unemployment burdens social services, diminishes spending levels in the economy and drains overall savings. It can also affect unemployment among young, first-time job-seekers. "Long-term unemployment is debilitating for people trying to find jobs in the first place," says Professor James K. Galbraith of the University of Texas at Austin. The more long term unemployed there...
...hours on a recent evening, the headaches of keeping a step ahead of Iran's notorious security forces begin to fade. Skateboarders, BMX bikers and aggressive inline skaters zip down the quarter-pipe in their baggy street wear, pumping their arms whenever they land a tricky move. Small groups of teens from relatively well-off families, some still in middle school, stand on the sidelines staring in awe while beats spin over the booming speakers...
...full week, dozens of kids were sleeping on state-issued cots in a specially quarantined cabin, waiting out a pandemic flu virus that is barnstorming its way across the globe. Camp Modin was not alone; so far this summer, at least 80 camps in 40 states, including a full quarter of Maine's residential summer camps, have reportedly been hit by the bug known worldwide as H1N1. U.S. health officials were struck by a trend they regarded as unusual and troubling: a flu outbreak in the middle of summer...
...Return to the Old City and wander round the Jewish quarter, then smoke shisha at the Al Noufara Café, tel: (963-11) 943 9535, or go to Bakdash, tel: (963-11) 221 2870, and try Syria's most famous ice cream. In the evening, dine at Naranj, tel: (963-11) 541 3444, one of Damascus' most sophisticated eateries. Feel like an Ottoman prince as you savor the tastes of a city you already want to return...