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Shining Star
Kim Ji-Hyun is listed on Sky High's profile as a vocalist and dancer, but he could just as easily be listed as a fun-loving but harmless flirt. He’s beloved by fans and the staff of LLK Entertainment alike. One of those staff members is head stylist Song Hye-Won, with whom he’s worked for years. He’s never meant anything serious with his flirting with her any more than he has with anyone else. But when a man from Hye-Won’s past reappears and puts her in danger, Ji-Hyun's feelings for her turn protective...and unexpectedly romantic. Song Hye-Won loves her job. Not only does she get to let her creativity flow into amazing stage outfits for K-pop group Sky High, she also sees Kim Ji-Hyun frequently. What no one knows is that she harbors feelings for him, ones she will never be able to reveal if she wants to keep her job and protect Ji-Hyun’s at the same time. But when a man she thought she’d put firmly in her past shows up again and doesn’t want to take no for an answer, Ji-Hyun appoints himself her protector. No matter how much she tries to discourage Ji-Hyun—for both of their sakes—she can’t resist when it becomes obvious her romantic feelings are reciprocated.
Electric Motorcycles and Bicycles
Beginning in 1881, isolated prototypes of electric tricycles and bicycles were patented and sometimes tested. Limited editions followed in the 1940s, but it was not until the lithium-ion battery became available in the first decade of this century that urban pedelecs and more powerful open-road motorcycles--sometimes with speeds of over 200 mph--became possible and increasingly popular. Today's ever-growing fleets of one-wheel, two-wheel and three-wheel light electric vehicles can now be counted in the hundreds of millions. In this third installment of his electric transport history series, the author covers the lives of the innovative engineers who have developed these e-wheelers.
Republic of Serbia
This paper discusses Serbia’s Third Review Under the Stand-By Arrangement and Request for Modification of Performance Criteria (PCs). The program is delivering good results. Significant fiscal tightening and efforts to address structural weaknesses and improve the business climate have helped restore growth and boost confidence and foreign direct investment. All end-September PCs were met with significant margins. However, there was a minor deviation in the indicative criterion on domestic arrears, and implementation of structural benchmarks has faced delays. Modifications of the end-December fiscal performance criteria are proposed to allow recognition of past liabilities.
World Economic Outlook, October 2009
This edition of the World Economic Outlook explores the prospects for growth in the aftermath of the financial crisis. The fragile nature of the recovery will present many challenges. These include the need for continued strong monetary, fiscal, and financial policies, ongoing efforts to restore the financial sector to health, improvements in private demand, and preparation of exit strategies on the fiscal, monetary, and financial fronts. The first of two analytical chapters included in this edition, "Monetary Policy and Asset Prices: What Do We Learn from Booms and Busts?" explores whether there is a role for monetary policy in preventing asset price busts. The second, "Medium-Run Output Evolutions after Crises: A Historical Perspective," explores the effect of large economic shocks on output and its composition, including variations related to initial conditions, the type of shock, and economic policies.
World Economic Outlook, April 2012
The April 2012 issue of the World Economic Outlook assesses the prospects for the global economy, which has gradually strengthened after a major setback during 2011. The threat of a sharp global slowdown eased with improved activity in the United States and better policies in the euro area. Weak recovery will likely resume in the major advanced economies, and activity will remain relatively solid in most emerging and developing economies. However, recent improvements are very fragile. Policymakers must calibrate policies to support growth in the near term and must implement fundamental changes to achieve healthy growth in the medium term. Chapter 3 examines how policies directed at real estate markets can accelerate the improvement of household balance sheets and thus support otherwise anemic consumption. Chapter 4 examines how swings in commodity prices affect commodity-exporting economies, many of which have experienced a decade of good growth. With commodity prices unlikely to continue growing at the recent elevated pace, however, these economies may have to adapt their fiscal and other policies to lower potential output growth in the future.
Portugal
Portugal's program implementation is on track despite difficult economic conditions and significant legal challenges. The markedly weaker economic outlook provides a strong case for recalibrating the program’s fiscal targets. This strong adjustment effort needs to be consolidated by sustained fiscal structural reforms. Continued vigilance is warranted to secure financial stability. A more competitive economy for sustainable recovery requires addressing nominal rigidities forcefully. Program success also hinges on continued external support and effective crisis management policies at the euro area level.
World Economic Outlook, April 2011
The April 2011 edition of the World Economic Outlook assesses the global prospects for economic growth in the face of policy challenges that remain unaddressed and new challenges now coming to the fore.The recovery is gaining strength, but unemployment remains high in advanced economies, and new macroeconomic risks are building in emerging market economies. In advanced economies, the handoff from public to private demand is advancing, reducing concerns that diminishing fiscal policy support might cause a “double-dip” recession. Financial conditions continue to improve, although they remain unusually fragile. In many emerging market economies, demand is robust and overheating is a growing policy concern. Rising food and commodities prices present new risks to the global economy. Two chapters directly explore these new challenges. Chapter 3 reviews the potential impact of oil scarcity on global growth, and Chapter 4 explores the potential response of international capital flows to changes in the global macroeconomic environment.
