Word: downturned
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...your plans to enjoy North America's famous powder snow and tree-skiing have been derailed by the current economic downturn, why not try a quicker, cheaper and altogether more unusual winter holiday in the tiny but spectacular country of Montenegro? While many European resorts suffer from overcrowding, limited fresh snow and unskiable pine forests, Montenegro's mountains offer deep, light powder, virtually no people and acres of perfectly spaced beech trees. If your timing is right, these can rival Colorado's best aspen groves for a fraction of the cost. (See TIME's photo-essay "The Science of Snowflakes...
During the current recession corporate law firms—like a majority of other industries—have pared down their operations after transactional assignments in investment banking and trading evaporated in the heat of the downturn...
...School began taking steps to cope with the downturn last year when they announced that the 2009 fall recruitment schedule would be moved up by a month. Also this year, the school will mediate a second recruiting session in the spring...
...developing giants like China and India, would replace the West-dominated G-8 as the top coordinating forum for the world economy. While the U.S. and U.K. struggle to recover from the worst recession since the 1930s, Asia's economies, led by a resurgent China, are emerging from the downturn much more quickly, presenting more enticing business opportunities for HSBC and other global banks. HSBC's decision is also another signal that London may be losing some of its luster as a global financial capital...
...There's also the matter of the economic downturn. The worst recession since World War II will see Europe's biggest economy contract by 5% in 2009. While Germany's economy grew 0.3% in the second quarter of this year, it will still be a slow climb out of recession. Unemployment is set to rise next year once government subsidized short-term labor contracts are phased out. The budget deficit is expected to pass 6% of GDP in 2010, thanks mostly to a dip in tax revenues. Some economists say the center-right government will be penned in. "There...