Word: downturn
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...stymie folks here. But that sometimes brings problems." That rugged individualism wreaked havoc in the 1980s on a state that was determined to maintain its boom economy. The fortunes that were once extracted from gold mines were now found in real estate and land development. But an economic downturn combined with a more involved electorate has brought an end to that freewheeling past...
Buchanan, at minimum, can embarrass Bush by harping on the President's seeming indifference to the nation's domestic problems. Bush's obsession with foreign affairs would have caused him little political grief had the recession been short and shallow. But the downturn's severity, together with Bush's slowness in taking steps to combat it, have left him open to the charge that his attention begins at the ocean's edge. The President betrayed his worries about such attacks last week when he responded to Buchanan's charges, "We must not pull back into some isolationist sphere, listening...
...guess is that at times of an economic downturn you do tend to see an increase in applications for training at either graduate or professional schools," Ayers added...
...profitable ventures was its high-flying commodities trading arm. But suddenly in 1989 the division racked up a $17 million loss, prompting Quasha to shut down the operation. Insiders say the oil traders never had careful supervision, systematic controls or enough money in the bank to ride out a downturn...
According to Medwed, the business boom has hurt the Square economically as well as socially. "The New England economy right now is in a downturn and the people who favor development are using this as an excuse to turn down the controls," he says. "The things we liked about Harvard Square have been hurt by this development...