Word: downturned
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...inundated by grossly overweight patients with unrealistic expectations about liposuction: "They want us to do things that are just not possible." Within limits, cosmetic surgery can temporarily mask the ravages of age and bad habits. That's clearly why demand remains high, at least until the next serious economic downturn. Given a choice between tight money and sagging skin, consumers may opt to live with the latter...
...Obara's decline - his firm collapsed, his banks called in their loans - is also a parable for Japan's economic journey. And like most of his countrymen, the downturn didn't affect his lifestyle. His lavish habits continued; he kept his Ferrari, vintage red Rolls Royce Silver Cloud, his condominiums by the sea in Miura. Driving his Ferrari around Roppongi, he was a curious figure with his droopy mustache and surgically altered, Westernized eyes. At 1.7 m tall, he wore shoe lifts and took regular doses of human growth hormone under the mistaken belief it would make him taller...
...When the current downturn ends, though, the $14 billion-a-year image maven faces a much more serious threat on the digital horizon. As prices for digital cameras continue to fall, consumers will abandon film in greater numbers. That means Kodak's high-margin film franchise, which brings in about a third of the company's profits, will bear the brunt of the switch. So even though Kodak has lost some market share over the past few years in a brutal price war launched by Japanese rival Fuji, it still captures a commanding 65% of a sunset business...
...Francisco, California CEO: Mike Lynch What it does: Autonomy's software uses pattern recognition to identify concepts, tag them and automatically set up hyperlinks with related information on company Intranets as well as the Web Why it is hot: Although it has been hit by the economic downturn, Autonomy is generating about 50% of its revenues in the U.S. and anticipates even more growth as software is adopted by commercial sites www.autonomy.com | last year...
...they just lack the nerve to issue dire warnings. Being the bearer of bad news can be professionally risky, since optimism sells better than pessimism. Government forecasters are also shy about raising red flags on the economy because of the political ramifications. Politicians generally dismiss talk of an economic downturn, preferring instead to highlight prosperity--at least if they want to get re-elected. Asks economist Prakash Loungani at the International Monetary Fund: "How good are these forecasters at predicting the end of a boom? Not very. Only two of the 60 recessions that occurred over the globe during...