Word: closedness
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Dates: during 2000-2009
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Until June, the local Opel plant was enjoying a record year as Germany's economy hummed healthily along. In April, the company turned up the speed on its assembly lines to churn out even more cars. Instead of shutting as usual for three weeks during the summer, Opel closed the...
In La Sagra, they first felt the pinch months ago. "Construction started to really slow in February or March, with the subprime crisis in the U.S.," says Duque, "and that's when the brick warehouses started to fill up." Many brick works in the area closed over summer, but things...
With 20 years of work and savings under his belt, Bonduel, 57, feels he can ride out the economic storm. But he acknowledges that his guests' more modest outlays have forced some changes on him. "For the first time ever, I closed the restaurant in August and went on vacation...
Not everyone is so lucky. Recent industry research shows that falling purchasing power and consumer fear of a looming downturn have caused spending in France's cafés and restaurants to slump around 20% this year. Nearly 3,000 of the nation's restaurants closed down or went bankrupt...
Business leaders from around the world lamented economic inequality and the challenge it poses to market capitalism on the second and final day of the Harvard Business School Global Business Summit.Former University President Lawrence H. Summers, in his keynote address, focused on the decline in the United States�...