Word: downturned
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...arguments that economists and government officials have begun to make is that whatever is being done to change the course of the downturn is being done too slowly, putting off well into the future the time when any recovery begins...
...about to make a solar leap. But the credit market's deep freeze has hit new solar projects just as it has almost every other facet of the economy - the only difference is that many solar manufacturers don't have the cash reserves to ride out a long downturn. That could leave the U.S. shorthanded on solar at the very time when it's finally gotten serious about renewables. "This is still a capital intensive business," says Harris. "Either you have the money and the project will happen...
...President-elect Barack Obama prepares to throw money at the current downturn - a stimulus package starting at about $800 billion, plus the second $350 billion chunk of the financial bailout - we all really do seem to be Keynesians now. Just about every expert agrees that pumping $1 trillion into a moribund economy will rev up the ethereal goods-and-services engine that Keynes called "aggregate demand" and stimulate at least some short-term activity, even if it is all wasted on money pits. (See pictures of the recession...
...affected by the financial crisis, as well as a projected 56 to 58 percent increase in students requiring financial aid. In her letter, Tilghman concluded with a cautionary note, warning that future fiscal finagling may become necessary. “It is likely that this year’s downturn will require creative planning for not only the upcoming budget year but later ones,” she wrote. —Staff writer Alexander R. Konrad can be reached at akonrad@fas.harvard.edu...
...Middle East for the U.S.-Russia-E.U.-U.N. "Quartet" of powers since 2007, Blair has maintained a surprisingly low profile as Israeli forces move into Gaza. Back in Britain, his substantial legacy - a more affluent and, by some measures, fairer Britain - looks imperiled by the economic downturn. For the moment, a gold medallion, even one given by the lamest of lame ducks and for the most corrosive of reasons, might be the most tangible evidence of his lifetime's achievement...