Word: soon
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Dorfman whistled. "We'll all be on soup lines soon, but at least we'll have great televisions...
...pain will soon come to Main Street - in Beijing and Brussels as much as in Boise. Economists are already outlining the downward spiral that they predict will follow. Banks will cut back on their lending to households and businesses. Mortgages and car loans will become harder to get. That in turn will stifle consumer spending and crimp investment in companies, leading to production cuts and job losses. Judging by previous crises, it can take about 18 months to two years for a financial squeeze to spread to the rest of the economy, which means that 2009 is shaping...
Uncle Sam may be knocking at Mass. Hall soon. Last week, the Internal Revenue Service (IRS) announced it would seek financial records from 400 tax-exempt American colleges and universities in a continuing review of their fiscal practices. Clearly, the government remains skeptical about the lack of operational transparency in educational institutions. The 33-page questionnaire—which Harvard may or may not be selected to complete—seeks to uncover universities policies regarding everything from endowment spending to executive compensation. The decision by the IRS to gather this information is not objectionable, as they undoubtedly have...
...With no end to the turmoil in sight, continued stress on Asian markets looks likely to continue. "We do not think the re-emergence of fear on account of the global financial crisis will likely evaporate anytime soon," Merrill Lynch commented in an Oct. 3 report. Once that fear sets in, it is hard to dispel...
...down almost 20% in just four months, forcing some companies into the red in what had been a booming industry. Baosteel, one of China's largest steelmakers, has cut prices twice since August, and its CEO is glum: The era of rapid growth for China's steel industry "will soon be remembered as history," says Xu Lejiang...