Word: contract
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Dates: during 2000-2009
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...financial crisis hit trade-dependent Taiwan especially hard. Exports in April plunged a staggering 34% from the same month in 2008 - the sixth consecutive monthly double-digit decline - as demand for the island's computer and electronic equipment shriveled in the U.S. and Europe. The government expects GDP to contract 3% in 2009; some private estimates predict worse. The severity of the crisis brought new urgency to the effort to improve ties with China in order to capitalize on one of the world's few remaining sources of growth. "If we had not opened up to the mainland, we would...
...have problems paying." Yet, observers see Medvedev's comment as more of a barb than as a viable suggestion. "I would be surprised if the E.U. felt that [helping Ukraine purchase gas from Russia] was an appropriate use of their funds," says Niall Trimble, director of The Energy Contract Company, a consulting company based in England. "In order to rebuild relations, Russia needs a period of uninterrupted supply for a significant time. Action always speaks louder than words and the Russians do have a little bit of work...
...elements of the case were a tabloid's dream and a government's nightmare: a powerful lawmaker and real-estate mogul, a policeman-turned-hitman, scorned love, a $2 million murder contract and leaked photos of a beautiful star's dead body. Though all death sentences must be reviewed by the country's chief religious official, Egyptians are hailing the verdict as evidence that in a legal system often accused of iniquity, nobody is above the law. Moustafa's attorney has vowed to appeal...
...belonged to the poor, marginalized, and mostly immigrant part of our community means that their unemployment will further contribute to the isolation and depression of many of our Boston- area neighborhoods. This is no strategy for times of economic hardship, and it runs contrary to Harvard’s contract with its community to provide education and opportunity to its surroundings in return for tax exemption...
...Brussels Plumbing a Downturn's Depths The economic crisis is hitting the E.U. even harder than its economists predicted in January. According to a new European Commission forecast, the "E.U. is not spared" from the "deepest and most widespread recession in the postwar era." European economies will continue to contract, with unemployment expected to reach nearly 11% by 2010. The report says that despite government bailouts and bank-stabilization plans, the E.U.'s economic situation is "exceptionally uncertain...