Word: contraction
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Dates: during 2000-2009
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...Wall Street, consumers in the U.S. - Asia's most important customers - slashed their purchases of the toys, blue jeans and flat-panel TV sets churned out by the region's factories. The consequences have been disastrous. Every major economy in the region, from Japan to Singapore, has seen exports contract sharply, usually by eye-popping double-digits. Taiwan registered year-over-year declines of more than 20% for five straight months starting in November. China saw year-over-year declines of more than 17% in January, February and March. Millions of Asians lost their jobs as tens of thousands...
What do you think of Alex Rodriguez? I love the guy. He's a great guy, I just think he's unfairly treated. He's a remarkable ballplayer. I think everybody has just picked on him because he's the one that has the humongous contract...
According to the show’s directors, Fabolous’ representative admitted that they were at fault for breaking the contract and agreed to refund all of the money paid for the performance...
...been happening in the commodities trade. After spectacular plunges, the prices of oil, copper, palm oil and others are rallying. This shouldn't be happening given the parlous state of the world economy. The International Monetary Fund this week cut its global growth forecast for 2009, predicting GDP would contract by 1.3%, the most severe recession since the 1930s. Yet oil is some 50% more expensive now than in December. Palm oil, which is used in a wide variety of manufactured foods, has surged by about 50% this year. "The only area of the world economy I know of where...
...democracy in eliminating the violence and drug wars ravaging Mexico. “How you punish and avoid corruption is the real question. Can democracy limit corruption?” Fuentes asked. As he called for a “new deal for Mexico” and a social contract that would renew the nation and clear up corruption. Fuentes emphasized that literature and education were essential in this push for progress. Students who attended the discussion agreed with Fuentes’ statement on the role of art in politics. “I’m an artist myself...