Word: downturn
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...much a hotel-as-home concept. Children are welcome, guests are encouraged to interact around the breakfast table (salvaged wood, naturally) and the perfectly preserved 1960s kitchen is available to all. "Of course, it saves guests money," Leo says, reflecting the make-do-and-mend zeitgeist of the economic downturn. "London can be expensive...
...with Gergen, Paulson said that in the months preceding the economic crisis that dominated 2007, the most important action he took was to work on building relationships with the President and with Congress. He also stressed the importance of fast decision making with incomplete information once the actual financial downturn...
...response to the economic downturn, the number of films produced a year has been dropping. In 2008, 520 films were produced by the major studios. The projection for 2010 is between 300 and 400. From the point of view of a distributor, the bar has been raised. “You’re making fewer films, and being more careful about the ones you’re choosing, so it’s harder to get funding,” McGlade said. “People aren’t getting the same amount of money for deals...
Option No. 1 is domestic political suicide, and it might not be smart economics either; slashing government spending and raising taxes during a downturn could worsen that downturn. Option No. 2 seems the best of the lot but has high international political hurdles to surmount. No. 3 would be a disaster for Greece and for the global financial system. As for No. 4, given that there are no procedures for leaving the euro, it might risk unraveling the entire project. In the euro's prelaunch period, a few skeptics predicted that the mismatch between a single European currency and differing...
...China's holdings of U.S. government bonds did drop by 4% to $755 billion, the U.S. Treasury Department reported this week, but those numbers are from December, before the recent downturn in ties. China's vast holdings of U.S. debt give it only limited leverage, because any partial sell-off would harm the value of its remaining U.S. assets. Dumping Treasuries would also undermine the American economy, further dampening the market for Chinese exports. So even as the U.S. and China find a growing number of issues over which to argue, their economic interdependence helps keep the disagreements from spiraling...