Word: downturn
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
When the current downturn ends, though, the $14 billion-a-year image maven faces a much more serious threat on the digital horizon. As prices for digital cameras continue to fall, consumers will abandon film in greater numbers. That means Kodak's high-margin film franchise, which brings in about a third of the company's profits, will bear the brunt of the switch. So even though Kodak has lost some market share over the past few years in a brutal price war launched by Japanese rival Fuji, it still captures a commanding 65% of a sunset business...
This expansion was overripe for a downturn. For a half-century the natural business cycle followed roughly the same pattern: three to four years of solid growth followed by a one-year recession. Amazingly, the current economy had been chugging along for 10 years with little evidence of tiring. In March 2000 the expansion officially earned the distinction as the longest in U.S. history. That in itself should have kept us on alert...
...ebullience that followed distracted many experts from recognizing that the seeds of the downturn had been planted...
While a number of you blamed Greenspan for the sagging economy, others laid the responsibility at the feet of George W. Bush. "The fall of the stock market is not all that incomprehensible in the context of the unsettling end to the presidential election," declared a Californian. "The downturn can be seen as a crisis of confidence in the new Chief Executive." A Michigan reader went even further: "Our court-appointed President talked the country into an economic slump in order to gain momentum for his tax cut. But how much will lower taxes mean to unemployed or retired people...
...time for Greenspan to go. He has led us into a severe economic downturn by continually raising interest rates in 1999 and 2000, when there was absolutely no need to do so. If Greenspan were the CEO of a major corporation, he would have been fired long ago. We need a fresh face at the Federal Reserve. MICHAEL R. ADLER Coral Springs...