Word: downturn
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...late 1995, Furrow was laid off from his job in Colville because of a business downturn. Not long after that, he left Metaline Falls and began wandering from job to job. His parents, whom he visited regularly in the Nisqually Valley, far to the west, knew nothing about their son's affiliation with Aryan Nations, although they began to worry that he couldn't seem to keep a job or stay in one place. Police records show that aside from a minor traffic violation, he was never arrested for any crime, but he was drinking heavily, and acquaintances...
...flowers. A cerulean sky and cool morning air hung over the neighborhood's old brick buildings. Reich pondered his speech, in which he would remind the recently derelict grads that the great economy isn't trickling down to everyone; that the vagaries of life--and the inevitable economic downturn--would try them again. Couldn't he be more optimistic on this, their big day? "I'm going to try," he said wanly...
...added that an economic downturn would bring the subjects of his study back to welfare "real quickly." Both Freeman and Wilson said they are worried that if the Federal Reserve raises interest rates, jobless rates could rise...
...declines in minority admissions come on the heels of a fiercely competitive admissions season. The University received 18,160 applications--just 23 shy of the record set by the Class of 2000, a year where minority admissions also took a downturn...
...initial downturn didn't surprise the Fed or the Treasury too much. For the better part of two years, Greenspan and Rubin had been quietly fretting about the narrowing "spread"--the difference in interest rates--between U.S. bonds and emerging-market bonds. By 1996 banks were lending money to countries such as Malaysia at interest rates just a few percentage points above what the U.S. Treasuries commanded. The implication: Malaysia was not a much riskier bet than the U.S. This was nonsense, and the committee knew some correction was in order...