Word: downturn
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...Buffett, 72, is on a comeback. By avoiding fads and sticking to what he knows, the Nebraska native is finding ways to make money in a bear market that has ravaged many fortunes. His long-held stake in the Washington Post Co. has sparkled during the market downturn, and over the 30 years that Buffett has owned the stock he has turned an $11 million investment into $1.2 billion. More recently, he has been snapping up steady cash-producing private businesses like kitchen retailer The Pampered Chef...
Since then, Harvard’s fortunes have taken a downturn, as the Crimson has struggled to break through the glass ceiling constructed above it by the Tigers and Brown, who have combined to win the last six Ivy titles...
...personality and started selling a line of soups, champagne and even fennel-scented perfume. "Personally, I would not want two stars, let alone three," says Leslie Caron, owner of another Burgundy restaurant and the actress in the movies Gigi and Chocolat. Caron, who knew Loiseau, believes the downturn in the economy and the looming war in Iraq must have driven him to despair. But money did not kill Loiseau, insists Bernard Fabre, his financial director. "All of that is completely false. The restaurants were doing quite well." And the guidebooks are denying guilt as well...
...rest of the country deteriorates. But the idea leaves some observers incredulous. Says France's De Closets: "A reward for simply coming in and doing the job?" There's always the simplest motivator for people to turn up: the prospect of no job at all. As the economic downturn lingers on, some European authorities are reporting declines in absenteeism. "When people are worried they may lose their jobs," says Wieslaw Lagodzinski, spokesman for the Central Statistical Office in Warsaw, "they have much more respect for work." In Germany, where the 11.1% unemployment rate is at its highest for 10 years...
...downturn has been reflected in other classes in the department...