Word: slowdowns
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...This hostility has not been missed by the Turkish. Support in Turkey for membership fell from over 70% in 2004 to 42% by the end of last year. The sense of being excluded has further demoralized Turkish reformers, the report says, leading to "a regrettable slowdown in the reform process" that is a condition of membership. This, in turn, feeds skeptics in European countries who point to the lack of reforms as proof that Turkey is unworthy of joining the E.U. It's a vicious circle that jeopardizes Turkish domestic reforms and hurts the E.U.'s own interests...
...When the market sees the second dip looming, panic will be more intense and thorough," he warns. Xie expects this economic slowdown to gather force in the fourth quarter, coinciding with a second-dip recession in the U.S. as inventory restocking and fiscal stimulus there, which are driving today's recovery, peter out. "By the middle of the second quarter next year, most of the world will have entered the second dip," he concludes. "By then, financial markets will have collapsed...
...people, particularly in the current economic downturn, says Sze Lai-shan, a community organizer with the Society for Community Organization (SOCO), a Hong Kong-based poverty advocacy group. In a recent SOCO survey, about 5% of these dwellers were new tenants, forced into these conditions by the recent economic slowdown. The government social policies aren't much help. The city's thin retirement protection for the elderly - a modest $130 a month in social security - and a requirement that new immigrants reside in Hong Kong for seven years before they are eligible for public housing are big contributors...
...part, Najib had been doing okay until Saturday's mayhem, according to political analysts. After inheriting a ruling coalition in disarray and a government lacking firm direction amidst an economic slowdown, he had pulled the government together and give "hope of a fair, just and united society under his One Malaysia banner," says political scientist Denison Jayasooria. Mr Najib saw to it that more non-Malays were employed in the civil service, started several new, government-managed, big-sized unit trust schemes allowing non-Malay participation. He even allowed unsold portions of the units reserved for Malays, to be offered...
...stark contrast to last summer, when oil prices soared past $140 per barrel, the economic slowdown has kept per-barrel prices relatively reasonable in 2009. But in his new book, $20 Per Gallon: How the Inevitable Rise in the Price of Gasoline Will Change Our Lives for the Better, Christopher Steiner argues the dip is temporary, and says gas prices will soon climb beyond $4 per gallon to heights previously unimaginable...