Word: coste
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Dates: during 2000-2009
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...June. The stimulus package will probably not have even kicked in by then. So, with the job losses from January 2009 through the end of June at 600,000 a month, the entire $789 billion will be spent filling this unemployment crater. What will it cost to add another 3.5 million jobs after the job losses from the first half of the year have been reversed? Perhaps another $789 billion...
...just might take a sideshow to draw wallet-wary fans to the track. The economic downturn is threatening to decimate high-cost motor sports. For example Formula One, the world's most popular auto-racing circuit, is facing its biggest crisis in 40 years, according to Max Mosley, president of the sport's governing body. He compares F1's status to the global housing and credit bubbles. And since Honda, which had spent about $300 million annually on Formula One, decided to pull out of the sport altogether, F1 has blown a tire. (See pictures of car art by Warhol...
...aspects of the ongoing recession that may come as a surprise to some observers as events unfold. The first will be the failure of central banks to re-ignite credit growth in the ailing banking system. The second will be the failure of governments' debt expansions to increase the cost of funding. In other words, the long end of the yield curve will continue to be depressed, just as it has been in Japan for the past 16 years. In the early 1990s observers in Japan argued that 10-year Japan government-bond yields of 3.5% could not persist...
...very latest technology in a country like China where the vast majority of subscribers and especially new subscribers are only interested in the bare minimum - and cheapest - service. "Continuing to use 2G allowed many rural users to subscribe who might not have been able to afford the additional cost" of 3G handsets and services, said the executive, who requested anonymity...
...Tricky's "clubhouse" is in fact a recording studio. Opened in Oct. 2008 at the cost of $130 million, the 104 arts complex is part of Paris's bid to revitalize the city's arts scene. Seeing an opportunity for what 104 Community Outreach Coordinator Matthias Tronqual calls "a project at once artistic, economic and social," the city built the complex in a former municipal funeral parlor at the center of the troubled Flandres neighborhood - a melting pot of 30 different ethnic groups, with a 20% unemployment rate and over 60% social housing. After hearing about 104 from a French...