Word: downturned
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...that it requires economists who believe that unemployment is moving toward 9% to subtract jobs from the economy faster than government programs create them. Most members of Congress and the Administration believe that the new legislation will take 18 to 24 months to have its full effect. An unimaginable downturn could cause the loss of six or seven million jobs...
...things that happens in an especially sharp and unexpected economic downturn is that the gambling instinct gets kicked out of everyone. That goes from the man at the Black Jack table who has been up 48 hours drinking Scotch and trying to win a few hundred dollars back, to the person who is too afraid to bet a portion of his income on buy a house because it may lose some of its value...
Price alone won't compel consumers to spend big money for Valentine's Day. Many retailers have tried creative marketing initiatives as well. "Companies are getting better and better at grabbing the customer's attention during this downturn," says Kathy Deane, the president of Tobe, a retail consultancy. For example, as part of its "We Love You" promotion, Bloomingdale's will give you a free hippie scarf if you spend $100 at one of its stores. If you spend $25 or more on a box of Godiva chocolates, you could win a trip to the company's Chocolate Decadence suite...
...that is true, why is Joel Makower feeling (relatively) optimistic? Because despite the current downturn, Makower, editor of the website GreenBiz.com and one of the best-known names in the field, has watched sustainability rise from a niche concern to something about which every executive must at least pretend to care. Green businesses may not be flourishing, but business is still going greener. Of course, the recession has restrained sustainability practices and as Makower writes in his just released State of Green Business report, whatever progress is currently being made may not be "addressing planetary problems at sufficient scale...
Much of Harvard’s financial strength comes from its intellectual strength. Hiring fresh academic minds is an essential component of both. Continuing to hire could, in fact, be considered Harvard’s role in fighting the economic downturn...