Word: downturned
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Given the economic downturn, do you feel that baseball salaries are unreasonable? Alan Lantz, BELLA VISTA...
Asia has suffered recessions before, of course. But this downturn is different. Unlike in 1997-98 and 2001-02, Asia's favorite customer--the American consumer--is drastically cutting back. Consumer spending in the U.S. dropped at a rate of 4.3% in the fourth quarter of 2008, the steepest quarterly decline since 1980. Because roughly 25% of Asia's exports ultimately end up in the U.S., the region's manufacturing powerhouses are helpless to counteract this crash. Trade among Asian countries is also plummeting, since much of this intraregional commerce is indirectly dependent on the West. A high percentage...
...brings together students from Berklee College of Music, Boston University, Boston Conservatory, and New England Conservatory, and it’s just one example of the video game industry’s ability to serve as a forum of creative exploration and interaction for artists. Despite the recent economic downturn, global sales of video games have risen since 2007, reaching $32 billion at the end of the last fiscal year, according to the Berklee College website. While most other art forms struggle to find support from a weary and wary society, more and more artists are looking to the video...
...Global downturn notwithstanding, Fahmy plans to move into New York and elsewhere in the U.S. market by 2010. It's not just money she's after. Fahmy wants her emerging brand to help change the world's image of the Middle East. "The West has not understood us well," Fahmy says. "We didn't sell ourselves and gave them the façade of terrorism instead. Those of us involved in culture have a duty to help repair misunderstandings." And she and Macdonald are doing just that, one accessory at a time...
...that times are tough.“They’re not thrilled,” she said.SUNNY IN A SNOWSTORMAlthough most Square restaurants reported at least a small dip in their business, Ten Tables, which opened its Cambridge location last month, has not been negatively affected by the downturn.“We actually got busier,” chef and co-owner Krista Kranyak said of Ten Tables’ Jamaica Plain location. She attributed the uptick in business to pricing, since Ten Tables is positioned to be a more affordable alternative to older sit-down restaurants.Denise...