Word: downturned
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...only make a recession worse. This does not mean Tokyo should return to its failed policies of the 1990s by spending freely on wasteful construction projects and subsidies to special-interest groups. It means only that the government should accept modest deterioration of its balance sheet during an economic downturn...
Cadbury's operating margins expanded 190 basis points in the first half of 2008, and Stitzer expects this to continue despite the economic downturn. "We don't sell automobiles," he says. "We sell small moments of pleasure--small treats that are affordable in most circumstances." The question is, Can Cadbury sell enough of them...
...rental values for City offices are dwindling. British Land - itself hit by a $1.1 billion loss for the three months to July as the value of its portfolio tumbled - reckons it'll score lower construction costs and higher rents for the 47-story building by sitting out the downturn...
...last month, according to Halifax, a major mortgage lender, and a total of 8.8% over the past year. That's hit Britain's construction business hard. Shares in Taylor Wimpey, the U.K.'s largest house builder, have fallen more than 80% over the past 12 months. The construction downturn slowed growth in Britain to an anemic 0.2% in the second quarter of this year, the lowest quarter-on-quarter rate for three years...
Despite its wealth, Oakland is feeling pain from the economic downturn. The most recent round of auto-industry cuts has walloped white collar engineers and researchers who call Oakland County home. Take a drive through the hardest-hit neighborhoods, and you'll see blocks on which one-third or more of the houses have a FOR SALE sign planted in their front yard. The mix of layoffs and a depressed real estate market has forced some highly trained workers to take jobs in other states and leave their families behind in unsold homes...