Word: downturn
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...better than expected in the last reporting period and said it would do better than people anticipated in the future. Now Wall St. gets to re-evaluate Apple. RIMM, which is among the lesser branded competitors in the field, has done fine even in a downturn. Even if the recession has been deepening, businesses and consumers are willing to pay for something that they need, or something that they want very badly. A Blackberry is a status symbol of sorts. It is certainly a device which has utility. The iPhone shares those elements and is also a much more powerful...
...There have been some economic reports in recent weeks suggesting that the pace of the downturn has eased: consumer spending has stopped falling, the housing market has begun showing some signs of bouncing along a bottom (not so much in prices yet as in sales volume), and manufacturing's free fall has moderated somewhat. The stock market has of course been on a tear, with the S&P 500 index up 20% since early March. But while the market is a leading indicator, it can be an extremely unreliable...
MANKIW MAKES A FUNNY: Ec10 czar Gregory Mankiw also got in spirit of April Fools, posting a fake entry on his personal blog. People would have to pay to read his online musings, he said, citing the economic downturn. Oh, and apparently the professor who served proudly under the Republican Bush administration is also joining his more liberal colleagues from Harvard Ec in DC on the Obama team...
...Since most colleges give students until May to accept an offer of enrollment, admissions officers won't find out the true repercussions of the economic downturn for several weeks. But if Facebook groups are any indication, the class of 2013 is just as excited to join the world of dorm rooms, frat parties and communal bathrooms as were the many classes that came before them. "Oh man," says Mark Harber, an 18-year-old from Tulsa, Okla., who joined Vanderbilt's 2013 group within hours of receiving his acceptance letter. "I can't wait...
...Japan's economy contracted at an annualized rate of 12.1% in the last quarter of last year - the sharpest downturn since the oil crisis of the mid-1970s. Tokyo is working on an additional stimulus package - the country's third in the last six months - that is expected to pump at least $100 billion more into the economy...