Word: downturned
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Dates: during 1990-1999
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...June and well below the 130 that Wall Street analysts had predicted. Sure, consumers said they feel great about the state of the economy right now. It's the future they're worried about. Everybody from the federal government to the fully invested cabdriver is laying plans for the downturn, or even the crash they fear is coming. But not quite yet: encouraged by today's report of an unalarming 0.8 percent rise in wages and benefits for the April-June quarter, the Dow was up another 53.42 points for a new record close...
Purists fret that nonprofits are too eager to take easy money from corporations and that such handouts leave philanthropic groups vulnerable to a whimsical change of heart or a downturn in profits. Irving Warner, author of the book Art of Fund Raising, recently wrote that "the growth of joint-marketing ventures involving business and charities is a sign of real weakness in the fund-raising profession...
Opponents of the plan argue that preliminary data does not indicate that such incentives have an effect, leading a university to waste money on faculty already planning to retire. Supporters respond by saying a downturn in the economy is all that's necessary to make a difference apparent...
...42nd Street and Times Square, the driving force of which was to be four mammoth, nearly identical office towers designed by Philip Johnson and John Burgee as a kind of chilly Rockefeller Center South. Fortunately for fans of Times Square's higgledy-piggledy aesthetic, the late-'80s economic downturn pulled the rug out from under that plan. And there was this added benefit: the developers were obligated to cough up $241 million to the city and state whether or not they ever built. That kitty allowed planners to start condemning properties and evicting what they saw as undesirable tenants. Developers...
...slippery slope, the Dow Jones Industrial Average stands at 6,477.35, down 8.6 percent from its 7,085.16 high of March 11. It's not a bear market yet. But it doesn't look good. "I think we're in trouble," says TIME's Daniel Kadlec. "Usually during a downturn, people are tempted to buy, but this time they're afraid to step up." Right now, the reason for that fear is Friday's employment report. An unexpectedly high number, enough to spur Alan Greenspan to raise interest rates again, could send the markets reeling anew. "Greenspan surprised...