Word: downturn
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...lose their jobs? That's one way to explain the difference. The other way to explain it is that the other finding didn't apply to the overall population - it just applied to the elderly, who for a variety of reasons, including improved care, appear to thrive during a downturn. The aggregate may be driven by these elderly, who aren't in the labor market and aren't affected by changes in earnings...
Despite the risks, many analysts still like Dollar Tree's plan. Though the worst of the downturn may be over, the recovery promises to be slow. "Extreme value is going to be the gold standard as far as the eye can see," says Howard Davidowitz, chairman of Davidowitz & Associates, a retail-consulting and investment-banking firm. In addition, Dollar Tree is well positioned to take advantage of low real estate prices. "Landlords are looking for growing retailers to fill vacant boxes," says Champine. "Dollar Tree fits." (Read "Inspired by McDonald's, Walmart Creates Its Own Dollar Menu...
...panel TVs and video games, factories sprouted around the world to make all the stuff that was crammed into consumers' SUVs. But amid the recession, spending has shrunk dramatically, as debt-laden U.S. consumers are learning to save - and those factories have a lot less to do. During the downturn, the rates at which industrial capacity was being utilized in the U.S. and Japan, the world's two largest economies, plummeted to the lowest levels on record. In China, the world's workshop, tens of thousands of factories making mostly low-end merchandise have shut down...
...stimulus programs that were introduced to combat the recession. Everyone agrees the cure for excess capacity is increasing demand, whether it is generated through a fundamentally strengthening economy or through artificial means like "Cash for Clunkers" measures. Turn off the tap too quickly before normal demand recovers, and the downturn could persist. "The best way of reducing excess capacity is by not prematurely unwinding stimulus spending," Lin of the World Bank told TIME...
While the recent economic downturn has poked a hole in its budget, the Institute’s dean, Barbara J. Grosz, said that Radcliffe is working closely to maintain its programs and academic resources...