Word: downturn
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Goldman said that while she has not heard about this particular organization, Chinese peasants have experienced an economic downturn lately...
...Mehta is your average young middle-class Indian. He is smitten by a Bollywood actress named Leela Zahir, has visions of striking it rich overseas and like all Indians is, of course, an absolute genius with computers. Unfortunately, Mehta finds that he has arrived in America during an economic downturn and jobs are scarce. He finally lands a posting at Virugenix, a company that protects businesses from viral attacks, only to be laid off for no fault of his own. That's when he decides he'll win his job back (and simultaneously declare his affection for Zahir) by releasing...
...something. Some even argue that vat rates - which are now largely aligned in the E.U. - could be raised and lowered depending on how the economy is doing, just as the European Central Bank raises interest rates to prevent overheating, and lowers them in a downturn. University of Delaware economist Laurence Seidman advocates setting up an automatic mechanism under which cuts in vat are triggered by, say, rising unemployment. Other economists call for a one-year cut in vat to provide a short-term stimulus to the euro-zone economies. A study by economists at the European Commission shows that...
Harvard announces the value of its endowment slipped in the last fiscal year for the first time in 17 years, from $19.2 billion to $18.3 billion. Harvard Management Company, the organization that invests the endowment, cites the economic downturn and decline of the stock market as causes for the drop...
...said the recent rise in students who lack concrete plans is due in large part to the decline in recruiting that accompanied the economic downturn. Less aggressive recruiting means fewer opportunities for undecided students to take jobs simply for the sake of being employed...