Word: downturned
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...needs a lot of fatted calves: its prodigal sons are coming home in record numbers. Long resigned to losing its best and brightest to the bright lights and big cities of Asia, Europe and North America, the country is suddenly witnessing a reverse brain drain. The global economic downturn, combined with post-9/11 anxiety, is driving many expatriate Kiwis back to their antipodean homeland. It helps that New Zealand's economy, like Australia's, is bucking the global trend and growing at around...
...needs a lot of fatted calves: its prodigal sons are coming home in record numbers. Long resigned to losing its best and brightest to the bright lights and big cities of Asia, Europe and North America, the country is suddenly witnessing a reverse brain drain. The global economic downturn, combined with post-9/11 anxiety, is driving many expatriate Kiwis back to their antipodean homeland. It helps that New Zealand's economy, like Australia's, is bucking the global trend and growing at around 4%. Last year produced a 13% increase in the number of New Zealanders coming home...
...efforts were well noted. The entrance fees alone generated almost $25,000, which was donated to the community and local schools. Although I agree that the Carnival could have been better executed, we were faced with many constraints, unforeseen until a few weeks before the festival. The recent economic downturn?further exacerbated by SARS?resulted in a dramatic drop in tourists. We chose to continue with the Carnival, knowing that it might receive criticism due to the cancellation of some activities, but we felt it necessary to support Samui when its economy was hurting. On behalf of the organizers...
...sufficient public opinion to the point where debt forgiveness was greatly extended and the hurdles adjusted to a more reasonable level. So it now appears that many more countries will get debt relief. Excessive austerity For more than 70 years, economists have recognized that, when an economy faces a downturn, there is a need for expansionary fiscal and monetary policies. The great economist John Maynard Keynes saw that a downturn in one country could have adverse effects on others. He was the intellectual godfather of the IMF - founded, he thought, to provide the funds and pressure for expansionary fiscal policies...
...expect a swift payback, however. Angel investments may remain illiquid for five to 12 years, which could encompass two or even three economic cycles. But the odds of long-term success are best if a company starts during a recovery and finds its footing before the next downturn. (Fees for angel funds run at 1% to 2% of assets, and as with hedge funds, the managers take 10% to 20% of the profits...