Word: downturn
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...over six months, will quickly pay for itself by improving the speed and accuracy with which orders move from the production line to shipping. Vice president for operations Dan DeMarco says, "You can't stop investing every time the economy looks like it's going to take a little downturn...
...recession and gulf war have cemented the trend. First, the economic downturn struck some people as a just punishment for a dizzy era of excessive borrowing and spending. Many consumers saw the recession as a warning that their behavior had to change. Cutting back and putting away the plastic seem only prudent. Unemployment, currently at 6.5%, has risen steadily for eight months. Some people who used to ride in limousines are now driving them for a living. Then the life-and-death reality of the war came along and made the pursuit of glitz and status seem even more trivial...
...easy answer, of course, is that the stock market crashed. Well, it hasn’t exactly crashed, but it’s certainly taken a downturn, especially in the high-flying tech sector that was supposed to continue flooding us with wealth for several more decades. Dreams of instant millions from a lucky IPO were once accepted as career plans for starry-eyed college sophomores; no more. Today, the chance to throw in society’s lot with the day-traders no longer appears so quite so tantalizing...
Indeed, it was a beautiful dream. A smoothly rising stock market would have given us no need to increase taxes, no reason to cut benefits; money would have simply appeared where needed to cover any shortfall. If the downturn has taught us anything, it is that wishing cannot make...
...That may still happen. And with Wall Street and Main Street living through a downturn and understandably wondering if Washington really intends to do anything to help, it might even be good governance for Bush. He could use a little stature reinflation these days, especially now that the success of campaign finance reform is in danger of bringing idealism back in style...