Word: downturned
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...natural catch-its-breath break, waiting for efficiencies to move outside the office and wired-everything technologies to mature. It happened after the Industrial Revolution, too. But when tech turns human, we're an ordinary economy, and one in an old-fashioned business-cycle global downturn at that. Tech has not been around to prop up America this fall, and so the rest of the world is sinking too. Rate cuts are coming in the spring - maybe sooner - but the NASDAQ is drowning in its own dashed expectations. Greenspan won't be able to save it until it saves itself...
...from universal, and the process expands the volatility of the international financial system. The authors take care to warn of new financial crises ahead, and express the hope that those can be resolved as rapidly as the 1998 Asian meltdown was. They also warn that a sustained downturn in the U.S. economy (made possible by its massive deficit and limited savings) could also deal a body blow to global growth. Even in the best-case scenario, the report warns, there are going to be billions of people left out of the party, and they're going to be terribly, quite...
...resume boasts impressive financial achievements in the past. Shalala helped save New York City from a financial downturn in 1975 to 1977, when she was treasurer of the city's Municipal Assistance Corp, according to The Washington Post...
Democrats had argued that the cut would make it difficult for the state to address key issues, such as education and health care. They also had argued the cut was irresponsible given the chance of an economic downturn...
...been heavily endorsed by the state's Republican leadership and attacked by the legislative Democrats. Republicans say the cut is just a fulfillment of the legislature's promise, while Democrats said the lost revenue from the cut would make the state unable to face pressing needs or an economic downturn...