Word: crunch
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...Sean Gregory writes about a new minimalist model for the shopping experience, and Bryan Walsh looks at how the suburbs are reimagining themselves now that the economy can no longer support the massive shopping centers that used to define them. Krista Mahr in Hong Kong reports on how the crunch is fueling a new kind of international trade: countries with money but little arable land are renting huge tracts from countries rich in soil but poor in cash. Alex Perry zeroes in on the unexpected star of the global economy: Africa...
...Burchell's conclusions, which he presented at the conference "Credit Crunch: Gender Equality in Hard Times," have been drawn from his study of about 300 British workers as well as various European workforce studies and the British Household Survey of approximately 5,000 people, which has charted the effects of social and economic change on mental health since 1991. Both Burchell's study and the British Household Survey used a 12-item questionnaire - called the GHQ 12 - that is designed to measure symptoms of stress and anxiety with questions like "Have you recently been thinking of yourself as a worthless...
...Although the Crimson has not been the best at closing out games this season, it displayed an all-around mental toughness that helped cleanly put away its archrival, which seemed to fall apart in crunch time...
First it was a “credit crunch,” then it was an “economic crisis,” and now a “global economic downturn.” But, with Japan in recession, Europe in recession, and the U.S. in recession, it is high time we face our fears: We are living through a global recession. Still, the worst may be yet to come—if policymakers continue to push for short-sighted economic nationalism, they will make sure this becomes the worst bogeyman of them all: a global depression...
...fight the economic crisis with monetary and fiscal measures. On the monetary side, even prudish authorities like the European Central Bank have joined the U.S. Federal Reserve and the Bank of England in slashing interest rates to create incentives for lending and borrowing. Amidst what started as a credit crunch, this was an essential step toward keeping economies afloat when trust suddenly evaporated not only for risky assets, but also for credit-worthy corporations...