Word: downturn
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...certainly in the U.S. interest to help Mexico, and Fox specifically, because a stronger Mexican economy expands opportunities for U.S. trade and investment, and also because people are less likely to emigrate if there are jobs at home. But the U.S. economic downturn has left Mexico facing a recession, and that has hampered both Fox's reform program and the ability of the U.S. to help...
With unemployment inching up in the U.S., Washington legislators may balk at any kind of guest-worker reform. But, Castaneda argues, "the economic downturn, for the moment at least, is not affecting the sectors of the [U.S.] economy where Mexican immigration is a factor. We are not hearing about layoffs in hotels or restaurants or the fields of California or the meatpacking plants of Iowa or the flower shops in New York. Companies where Mexican labor is employed are telling us there is no slackening of demand...
...went bust. After five years of astonishing growth, fueled by an irrationally exuberant stock market that showered money on everything to do with the Internet, both businesses and consumers decided they had all the gizmos they needed. That left companies with massive amounts of inventory on their shelves. The downturn then began to spread to the rest of the manufacturing segment, such as autos. High levels of household debt--all those credit cards and home-equity loans--don't help...
...global economy hasn't crashed just yet. But a worldwide slowdown is giving analysts everywhere a bad case of the jitters. The key reason: this, says Robert Hormats, vice chairman of Goldman Sachs International, is "the first synchronized downturn since the 1980s," when high interest rates squeezed the world economy like an orange. During the last U.S. recession, 10 years ago, Europe was in its post-cold war euphoria, while the Asian economies were the stuff of miracle. By the time a financial crisis declawed the Asian tigers in 1997-98, the U.S. economy was in the middle...
...survey, which included 1,792 adults, took place over July 5-9 - well into the current economic downturn (or correction, depending upon which newscast you favor). And that brings us to one of the many reasons to take the results with a grain of salt: Does the national economic forecast affect worker satisfaction? Probably. Skeptics will also point out that the country?s largest and most powerful union organizer has a vested interest in eliciting dissatisfied responses from employees...