Word: downturn
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...Global Problem, Global Solution In the event of a severe economic downturn, the U.S. - like other countries - would find it much harder to export its goods and services around the world. According to the U.S. Chamber of Commerce, 12 million American jobs depend on trade, including 1 in 5 factory jobs. One in 3 acres of U.S. farmland is planted for export, and many of the nation's biggest corporations, from Coca-Cola to Microsoft and Google, depend on substantial revenues from overseas...
...jobs. I don’t know how to work a computer, but I’ll wash dishes, I’ll do anything,” he said. State Representative Alice K. Wolf, whose district includes Harvard Square, said she sympathizes with Reddick. “This downturn of the economy has hit working people particularly hard,” said Wolf. In order to combat this epic rise in homelessness, Wolf has lobbied for appropriations for the homeless. This fiscal year’s budget includes $10 million for temporary supportive housing and the organization Housing First...
...Despite optimism in some corners, however, universities are cautious as they survey the economic horizon. "In a huge downturn, everybody suffers immensely," says Grinnell President Russell Osgood. "Those that are a little bit better off will just be cushioned a little bit better at the front...
...Universities with deep pockets, however, could stand to reap some benefits from the downturn. Schools with enough financial security - from a solid endowment or good planning or both - could attract more top students by offering more aid to families that find their budgets stretched thin. Last year, Grinnell expanded its financial aid program, which covers about 90% of its students, to offer mostly grants instead of loans. That could give the school a competitive edge - as long as it can convince parents to get past the sticker shock and learn about the financial aid options that sometimes make elite private...
...deepening financial mess is another wake-up call, says Scher. It has rained down home foreclosures and other calamities on Florida, slapping the slack-jawed face of a youth cohort that until now had never experienced a downturn. During the extended Florida boom of the past two decades, says Scher, "young people here grew up thinking this state was always flush, always on the upswing. Now there's a sense that something is burning here." Moller says he's seeing more Florida college seniors moving toward the Democrats as a result. "I feel like my dad did when he graduated...