Word: depression
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...cuts this year (continued when the Open Market Committee lowered short-term rates by an additional 25 basis points on June 27) were not stimulating demand as expected. Meanwhile, Japan continues to see no growth at all; the needed structural reforms that Prime Minister Junichiro Koizumi has promised will depress economic activity in the short term. And in Germany, Europe's largest economy, the IFO index of business confidence has fallen to its lowest level in two years. To cap it all off, prices are rising in Europe...
...American businesses' overinvestment from 1998 to 2000. The buying spree was fueled by the Y2K frenzy, hype that the Internet was the greatest thing since the electric light, and a stock market that rewarded companies that predicted outrageous demand for their products. The overhang of those purchases may depress business investment for another year, however cheap the Fed makes it to borrow...
...very thought of Sir Joshua Reynolds, president of the Royal Academy and the most esteemed and successful painter in Britain, gave Blake fits: Reynolds was a slopping, daubing Antichrist. "This man," Blake scrawled across the title page of his copy of Reynolds' printed lectures, the Discourses, "was Hired to Depress Art:--This is the opinion of Will Blake...
...Russian flophouse at the turn of the century. Gorky's denizens all preserve their unmistakable personalities amidst the squalor of their hopeless everyday routine. Max Montel's gentle directing approach should be well-suited for a "Russian-human-condition" show; the ensemble cast will lighten your hearts as they depress...
...Margaret just seems to be phoney about everything. She always talks about high school and middle school and her babysitters, and how damaging her father was to her mind. On and on she goes. She says her growing-up was filled with bulimia, panic attacks, chronic fatigue and depression. I feel really bad for her, really, I mean it. I know how she feels to have things just depress you for no goddamn reason. But J.D. doesn't sound like that bad of a guy. Fights his own demons, of course, but he was never negligent, just detached like...