Word: downturned
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Several Kennedy School administrators said that the rise in applications is linked both to the economic downturn and the increased interest in public service sparked by the Obama administration...
...Ireland's downturn has also laid bare some ugly home truths - scandals indicative of a boom-years culture of nepotism and scant regulation that some say is as much to blame for the nation's economic malaise as the global downturn. In December, it emerged that Sean FitzPatrick, the then chairman of Anglo Irish Bank, Ireland's third largest bank, had concealed from shareholders more than $100 million in personal loans by transferring them temporarily to a building society. After FitzPatrick quit, the Irish government stepped in to nationalize Anglo Irish, but the damage to public confidence had already been...
...What more and more people are beginning to realize is that the parts of the market with less damage so far are not going to escape this downturn unscathed," says Arnott...
...number of economists predict that the recession could last into 2010 and that unemployment will top 10%. If the crisis does not deepen into an even longer downturn, there will have to be early signs that the credit crisis is ending and that consumer and business confidence is coming back...
Besides the economic downturn, Hernandez credited the spike in applicants to the school’s increased efforts to promote HDS and its programs to prospective students...