Word: downturned
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...wanting to be left out, then posted a harsh warning about the condition of the global credit and financial systems, According to Reuters, "The International Monetary Fund warned of a more severe economic downturn unless governments move aggressively to fix the financial system by removing troubled assets from banks' books." Since many policy makers believe that moving toxic financial assets into "bad banks" is not a solution to the build-up of bad paper on financial firms' balance sheets, the IMF's suggestion may go unheeded...
...letter sent to the SEAS community in December, Spaepen outlined the School’s plans for dealing with the economic downturn, including an immediate cut of $1 million of unrestricted expenses for the current academic year...
...think politics is largely associated with individuals and less with party labels. I think without question that the economic downturn, occurring as it did during the tenure of President Bush, has cast a shadow over anyone in his party...
...Some of these attacks can be attributed to simple racism, but it's also reasonable to assume that the economic downturn is causing greater competition for jobs and rising frustration among locals. British workers have protested the use of foreign workers. Sen. Charles Grassley of Iowa has asked Microsoft to fire foreign workers first when layoffs arrive. The Italian Senate approved a bill Thursday that encourages doctors to turn in illegal immigrants who they've treated. Put simply, bad times fuel xenophobia. "History is full of cases of scapegoating triggered by economic crisis," says Francesco Billari, a professor of demography...
...That turnaround will likely be driven by a sharp reduction in new capacity. Kim expects investment in chip-making facilities to fall 63% in 2009 as cash-strapped manufacturers finally scale back. Until then, however, DRAM makers will be lucky to survive - at least until the next downturn...