Word: dismalness
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...President may well know that, but he also knows that Congress has to act quickly, especially with another round of dismal economic and unemployment numbers coming out Friday. After spending much of his first two weeks in office reaching out to Republicans, Obama showed a tougher side on Thursday, telling House Democrats at a retreat in Virginia that Republicans who have been pushing amendments to add more and more tax cuts to the legislation want to return "to the same policies that for the last eight years doubled the national debt and threw our economy into a tailspin." His growing...
News for farmers making a living off the isolated fields and forests of Burma has been dismal over the past few months. Prices for rubber, a key crop, are down an estimated 75% in the southeastern Mon State. Rice has lost a quarter of its value, while maize has been cut by half. Teak, betel nut and palm oil have also been ravaged by the global drop in commodity prices, throwing millions of Burmese who barely cling to the poverty line further into distress...
Brandeis's decision to sell its art collection in order to make ends meet is all too indicative of the larger problems facing universities as donations dry up and endowments plummet in this dismal economic climate. On average, university endowments have dropped 23 percent in only five months...
...process. As part of that expansion plan, McDonald's says it will add about 400 new McCafés to the 800 outlets it already operates in Europe. Viewed from any angle, this kind of spending indicates that Ronald McDonald is feeling bullish about his future in Europe - the dismal global economic slowdown be damned. (See pictures of what the world eats...
...additional discount stickers piled up - 40%, 50%, all the way through 80% off. Electronics are rarely discounted as desperately as, say, clothes, so 10-20% deals alone could move the merchandise. According to the liquidation firms, Circuit City sales are beating projections thus far. But with consumer spending so dismal, and so many stores desperate for dollars, Fried might need to shift those stickers to the sales floor. "It used to be that if you were doing a liquidation, you were the only one out there," Fried says. "Now, there's much more competition. You have to be sharper...