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This year, India will experience only 5 percent growth – the lowest in a decade. Foreign investment has fallen by nearly two-thirds in the past year, and the rupee has plummeted. Although short-term protectionism may appeal to domestic constituencies as the campaign begins for next year's elections in India, history has proven that such policies are inconsistent with a dynamic economy that generates wealth over the long-term. And given the state of its economy, this is hardly the time for India to alienate foreign investors.
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“During the housing boom of ’04 and ’05, you would hear people go out with real estate agents who said, ‘Your income lets you buy an $800,000 house,’” Holcombe recalls. Most people would go ahead and buy a house at the highest end of what they could afford, while just a fraction would hold back and say, “We’re only going to buy a house based on one income,” Holcombe says. The people who made that choice ended up coming out ahead during the turbulent economy, when many people lost jobs, he adds.
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"Is this the beginning of a mergers and acquisitions wave or just a lightning strike?" Peyton Green, managing director for Sterne Agee in Nashville, Tenn., asked hypothetically Monday after the $680 million deal was announced.
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Except that marriage has been deemed a secular union since this country started. Further, for most of the history of marriage it has been secular. Every society has had marriages, regardless of the religion of the country.
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The comments come as the company's June quarter data showsFortescue is ramping up iron ore production faster than expectedand lowering costs and capital spending, suggesting it may nolonger be under pressure to sell a stake to pay down debt.
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The so-called Special Collection Service operated from the capitals of Colombia, Venezuela, Panama, Mexico and Brazil. The newspaper said it was not known whether the alleged satellite espionage continued after 2002.
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The deep-space view was stitched together from five photos taken of ISON by NASA's Hubble Space Telescope on April 30. The composite photo is notable in part because the comet zooms through space too fast for people to see.