Word: downturned
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...This recession has a more terrifying cycle, in part because it could last for years. The unpredictable duration of this downturn magnifies the problem that as workers get pushed out of jobs, they cease being consumers. More firms see their sales fall as the consumer population shrinks. These companies, then, have to fire more employees in the hope that they can drive expenses down fast enough to catch cascading revenues...
...this recession. It is hard to blame them for this mistake. Even well-regarded economists have had trouble giving reasonable forecasts for what will happen to joblessness, consumer spending, and industrial production over the next two or three months. The distance to any reasonable prediction horizon lessens as the downturn gets worse...
...plans for government to bail out car companies may quickly move beyond some US and UK and could even happen in Japan. Toyota and Honda probably have the balance sheets to last through a two- or three-year downturn. It is not clear that Nissan does...
...arts practice and performance contribute to knowledge and learning as much as any other intellectual inquiry,” she said.Faust acknowledged that the Task Force report “has not appeared at the most propitious of times,” given the effects of a current financial downturn that has constricted University coffers. Harvard’s endowment fell 22 percent—or roughly $8 billion—in the four months prior to Nov. 1, and is projected to fall 30 percent by the end of the fiscal year on June 30.While the Task Force?...
...many of the world's poor, a life in Europe or the U.S., even in the middle of a severe economic downturn, is vastly preferable to the poverty, war or religious and ethnic persecution they might experience in their own country. "It's not where you're going that matters as much as where you're coming from," says William Spindler of the U.N.'s refugee agency. "It's usually the push factor that is decisive, whether you're talking about refugees or people looking for work." (See pictures of the force behind the Gulf Boom...