Word: downturned
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...example, so far this year, Wall Street has underwritten $1.5 trillion in bonds. Sounds like a lot. But it is $500 billion less than what Wall Street did in debt back in the same time period in 2002, which was the last time Wall Street had a significant downturn. And that year Wall Street bonuses were just $8.6 billion, or $5.4 billion less than they are expected to be this year...
...unemployment rate is at 8.8%, the highest in the country and well above the national average of 6.1%, according to the most recent data available from the Bureau of Labor and Statistics. But Rhode Island's situation is hardly unique as the effects of the nation's economic downturn gather pace amid the ongoing financial turmoil. Twenty-one states have unemployment rates above the national average, with Michigan and Minnesota showing rates near Rhode Island's to make up the top three. Unemployment figures are certain to rise when the bureau releases its next set of figures...
...into equal consideration when making a prediction. This conclusion, along with Barron’s previous work, sheds considerable light on understanding the actions of investors in global financial markets, specifically in the realm of stocks. Barron compared the hypothetical reactions of one investor who had experienced a significant downturn in the distant past with a new investor who hears about the downturn as part of a set of information. “Both people would obviously have some concern, but this information is more salient for the new investor who receives a description of the event...
Dave Cole, chairman of the Center for Automotive Research, offers some grounds for optimism. Once the downturn passes, he says, there will be a lot of pent-up demand for new more fuel-efficient vehicles. GM is feverishly working on the Chevrolet Volt, an electric car that could go a long way towards changing the way Americans think about such cars. Even Chrysler is promising to deliver seven new models...
...Industry Downturn. The National Business Travel Association found in a recent survey that corporate travel managers are eliminating all non-essential travel. No surprise, considering the tanking economy and rising airline fares; costs of domestic business trips rose $140 to $175 per person over last year, and international trips went up $315 to $400. Employees who travel are even being asked to stay the weekend, returning on Sunday, so T&E can book lower-fare tickets. Next thing you know, they'll start charging you for blankets...