Word: spain
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...swing aids such as metal arm braces or restrictive leg harnesses, all under the watchful eye of their earnest swing coaches. At the same time, no sport attracts more mental mumbo jumbo. Leadbetter says Argentina's Eduardo Romero credits his late-career success to yogic breathing during his swing. Spain's Ignacio Garrido said his win in the 2003 European PGA Championship stemmed from "practicing less, reading more" - particularly the works of spiritual guru Deepak Chopra. And Nick Bradley, Rose's Buddhist coach, told TIME that he advises his pupil to remember in the heat of battle that "even...
...year, at a time when the world economy has been buffeted by the U.S. housing and financial crisis, slowing growth in most developed nations and soaring inflation everywhere, one of the big surprises has been Europe's relatively strong performance. The picture has been uneven, with countries such as Spain and Italy - and increasingly the U.K. - running into problems. But overall growth, especially in the 15 nations that use the rapidly appreciating euro, has confounded the skeptics. In early June, the International Monetary Fund actually revised its 2008 growth forecast for the euro area sharply upwards, declaring that...
That was then. Over the past couple of weeks, much of the economic news out of Europe has been weak, gloomy or downright terrible. Denmark has officially slipped into recession. Ireland, the star performer of the past decade, has slashed its growth expectations for this year close to zero. Spain has stopped growing. The U.K. is teetering on the edge of recession. And Germany, Europe's biggest economy, is finally showing signs of a marked deterioration. "It's hard to find a country that's keeping its head above water," says Véronique Riches-Flores, chief European economist...
...slowdown in British consumer spending is echoed in Ireland and Spain, although consumers are holding up a bit better in France. In Germany, economists have been waiting for a decade for a consumer-led rebound - and they're still waiting, even though the economy had fared well until recently. Crucially, employment remains buoyant in most countries other than Spain, and so far, despite some job cuts - especially at banks - the overall jobless level remains stable. For example, a regular survey of job opportunities posted online throughout Europe showed no change overall in June; indeed, there was a sharp increase...
Housing: End of the Boom, or Bust? Consumption has been so strong in the U.K., Ireland and Spain for the past few years in part because house prices have been soaring, making consumers feel a lot richer and enabling them to borrow against the rising value of their property. But gravity has finally caught up with the housing market in much of Europe, especially in those three countries. It's anybody's guess how far prices will fall, but the signs aren't encouraging...