Word: downturn
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...moves to expand labor rights, which they say will cut into already weakening economic growth. The government is standing by a forecast of at least 2.6% growth this year, but the Federation of German Banks dropped its expectation down to 2.2%. Germany is more vulnerable to the U.S. downturn because it tends to have weak domestic demand. Unemployment remains relatively high - in part because those strict labor rules make employers reluctant to hire - and Germans aren't eager to part with their deutschemarks even in the best of times. "It's saving for a rainy day," says Neil Parker, market...
...tech revolution was supposed to eliminate. Yahoo gets nearly all its cash from online advertising, and this worked very well in the breakneck economy of the past five years. With its 160 million visitors worldwide, everyone wanted a piece of Yahoo's eyeball universe. But in a downturn, advertising becomes more expendable. Web ads are no exception...
...reflect this week's big drops on Wall Street, so they may drop again when UM comes out with its updated numbers at the end of the month. But this definitely raises the possibility that we'll look back at March as the inflection point for this downturn...
...Williams is 15, and California law requires him to be tried as an adult. His youth, however, precludes him from receiving the death penalty. Perhaps because of his tiny, hunched frame, or the doelike downturn of his adolescent eyes, Williams commands a certain pity, even sympathy, despite his horrific act. When he appeared in court Wednesday, he was alone - neither his mother, who lives in South Carolina, nor his father attended the hearing. This kid, it is clear, is operating utterly without the safety net called family...
...Greenspan liked the idea as an insurance policy against an unexpected and prolonged economic downturn, which is exactly how the 11 moderates who just made Bush's list - Republicans Lincoln Chafee, Susan Collins, Jim Jeffords, Olympia Snowe and Arlen Specter, plus Democrats Bob Torricelli, Evan Bayh, Thomas Carper, Dianne Feinstein, Mary Landrieu and Debbie Stabenow - have seized on it. If the projections go sour, they reason, a tax cut on autopilot could cut into debt reduction and shove the federal government back...