Word: downturned
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...reasons it will take the stock market a very long time to get back to the level where it traded when the DJIA was above 14,000 is because the average stockholder believes that he was cheated. Corporations promoted their prospects. Almost none of them warned of the downturn in the economy or in their own business. Public companies turned themselves into charlatans, not because of what they said, but because of what they did not say. When businesses went bad, nearly everyone at big American companies became quiet. For Wall St. the silence was a betrayal and one which...
Unlike any other downturn since the 1930s, this one has affected everyone, either the fact of it or the fear of it. Even when prosperity returns, 61% predict, they'll continue to spend less than they did before. Among people earning less than $50,000 a year - roughly half of U.S. households - 34% have not gone to the doctor because of the cost, 31% have been out of work at some point, and 13% have been hungry. At the same time, 4 in 10 people earning more than $100,000 say they are buying more store brands, 36% are using...
...premiums, or skipping collision coverage for older cars so that they bear more of the risks themselves. Twenty-seven percent have raided their retirement or college savings to pay the bills. Violent crime may not be up, but fear of it is: 40% of people say that since the downturn began, they are more worried about their personal safety. Gun sales at large retail stores have jumped 39% this year, according to the SportsOneSource, a research firm that tracks the sporting-goods industry, and shops are reporting ammunition shortages; they can't keep up with demand...
Even in spite of the recent economic downturn, Stock said he does not expect the number of eventual Ph.D.s produced by Harvard to decrease...
...That's bad news for Thailand, whose export-oriented economy has already been battered by the global financial downturn. The continuing political crisis will only exacerbate Thailand's economic woes, as foreign countries issue travel warnings that could dissuade badly needed tourists in an industry that employs more than 3 million people. On April 12, Abhisit declared a state of emergency in Bangkok, the same day the Prime Minister's motorcade was attacked by a red-hued mob wielding sticks and bars. Earlier in the day, one Red Shirt leader, Jatuporn Prompan, had called on his fellow protesters to attack...