Word: direness
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...President Obama seized on the dire numbers to renew his call for action on the stimulus bill that is currently bogged down in negotiations in the Senate. At an appearance to introduce his team of outside economic advisers, Obama said the job numbers signaled "an urgent and growing crisis" and called further delay on the stimulus bill "inexcusable." "If we fail to act," he said, "this crisis could become a catastrophe." (See the top 10 financial collapses...
...remain anonymous—was unable to secure a position through on-campus recruiting and said it seemed surreal that an economic crisis would affect an institution like Harvard Law School. “As a Harvard student, you feel entitled to get a job, and you ignore these dire reports on CNN,” she said. “You think that things will work out like every other year.” —Staff writer Elias J. Groll can be reached at egroll@fas.harvard.edu...
...Funded by a grant from the Department of Homeland Security, a mere eight cameras were installed around Cambridge in 2008 to aid firefighters and other evacuation personnel in the event of an emergency. For a sizeable community like Cambridge, the cameras’ potential to be life-saving in dire circumstances greatly outweighs their minimal impact on privacy. Most of those in opposition to the use of these cameras at the city council meeting did not have a problem with the standard function of the cameras in emergency situations but were more concerned about the possibility of exploitation...
Contrary to some forecasts, the global economic crisis has triggered no measurable drop in worldwide immigration rates. For most poor immigrants the push to escape dire poverty and political conflict remains far more powerful than any marginal change to the economic health of the rich countries they're looking to get to. Once an immigrant has arrived, though, the tanking economy is playing an increasingly important role in their fortunes - not just because it's harder to find a job, but also because locals are increasingly hostile to their presence...
...past, India and China have often worked together at the WTO on issues of common interest such as seeking an end to agricultural subsidies and non-tariff barriers in developed countries' markets. But the current trade dispute may be divisive partly due to the dire straits of China's toy industry. The Chinese Ministry of Commerce last month announced that nearly 1,000 Chinese toy exporting companies in its Guangdong province had closed...