Word: downturned
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...been widely noted that the current dovetailing of the largest initial public offering in U.S. history and a panic-fueled recession seems counterintuitive. And many observers have correctly pointed out that Visa Inc. is largely immune from the downturn in consumer spending because it reaps its profits from fees charged on each transaction, as opposed to the total amount people spend. But several other underlying factors are driving this turbocharged...
...mart: The Bentonville, Arkansas-based chain is doing better than Target for the first time in eight years. Why? Target is known for its home furnishing and apparel departments, two sectors that are not faring well in this economic downturn. Wal-mart, on the other hand, does better with sales of food and nondiscretionary items, which continue to perform solidly. The mega-store is going back to its roots, marketing itself as the place to get the best deals on everyday items. Its February same-store sales were up 2.6% compared to last year. Who wouldn't want...
...midst of a five-year war with no foreseeable end, MIT’s Army ROTC officials say that Harvard’s representation in the battalion has not suffered a downturn. The University currently supplies 17 of the Paul Revere battalion’s 62 members, with the next largest contributor, MIT, accounting for 13, according to battalion officials...
...Washington argues that a deep economic downturn in the United States - which consumes a quarter of the world's energy - could drive down global demand for oil, and wind up hurting oil-rich countries. But OPEC's 13 oil ministers - whose countries account for about 40% of the world's oil supply - have heard that argument from U.S. officials before, and have rejected it at three meetings in the past six months, most recently in Vienna on March 5. There, U.S. foes Venezuela and Iran took a lead in arguing against raising oil output...
...been rooted in a real estate bubble that started to burst before the one in the U.S. monopolized headlines around the world. Partly because of this, credit conditions in Spain are among the worst in Europe, and the country is particularly vulnerable to the global economic downturn that everyone is expecting. Bad economic performance is a self-fulfilling prophecy. According to the Bank of Spain, consumer confidence is lower than it’s been since the last housing crisis almost a decade ago, and many large conglomerates are finally facing the consequences of borrowing irresponsibly in hopes...