Word: downturn
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Though the company survived the recent economic downturn due to deals such as the WB contract, Trowbridge says it hasn’t been smooth sailing. “It’s been like the baptism by fire starting up a company,” he says, but things are looking up. As for the future, Trowbridge says he hopes the company will be “one of the prominent wireless market services companies around. We don’t have to be huge, but we want to be profitable.” He describes the wireless phone...
Where will the extra money come from, you ask? Well, we can either eliminate all of the programs above, or we can start borrowing our way into oblivion. Outside of Social Security and Medicare, the federal budget was already slipping into the red due to the economic downturn and the war on terrorism, neither of which seem to be going away anytime soon. And every dollar of debt we incur today—along with every Social Security or Medicare dollar that gets lost on the way to the trust fund—will make it that much harder...
Across the nation, faculty salaries rose 2.2 percent in real income in 2001 in what the AAUP called a “fairly substantial increase,” though the AAUP was quick to acknowledge that the survey data did not take into account the recent economic downturn...
Across the nation, both state and federal governments have looked to higher cigarette taxes to compensate for revenue shortfalls due to the latest economic downturn. Although citizens dislike higher taxes, they tend to support higher cigarette taxes because they hope that the higher cost of cigarettes will pressure people to stop smoking. Strangely, legislators seem to secretly hope that the taxes have the exact opposite effect on smoking habits. Owing to the government’s need for revenue, the politicians stand to gain if people continue smoking and pay the additional taxes...
...necessary. A recurrent theme in Yale campus media in recent months has been the remarkably successful performance of Yale’s endowment during the recent economic slump, especially as compared with (gasp!) Harvard’s, which has sustained a loss of about a billion dollars during the downturn...