Word: downturned
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...fair, the Stability and Growth Pact's credibility was straining long before the downturn. Most E.U. member states have run budget deficits beyond the 3% ceiling from time to time, while many have breached the pact's other main criterion: that national debt stay below 60% of GDP. Germany, the pact's main proponent, has been one of the most consistent abusers of the budgetary rules. In 2002, then president of the European Commission Romano Prodi even described the rules as "stupid...
...finance sector is at the forefront of the downturn, she said. And, two students alleged, some recruiters who did come to campus had little intent of making job offers, and continued interviewing only to maintain a relationship with the school...
...company’s new publisher. “Avalon is really supportive of our new focus on study abroad and they are very committed to bringing our student mission to the fore.” Although this recent change in publishers has coincided with the economic downturn, Potter believes that the challenge can actually be an advantage. “Let’s Go will also probably attract a wider readership, as more people will be traveling according to a student’s guide and budget.” A growing focus on study abroad at Harvard...
...regulatory way," says Michael A. Livermore, co-author, with Richard L. Revesz, of Retaking Rationality: How Cost-Benefit Analysis Can Better Protect the Enviroment and Our Health. "But cost-benefit analysis can be fixed to be more of a neutral tool." And in the midst of a severe economic downturn, he says, "it's going to be essential to have a strong cost-benefit analysis in support of any regulation as a way of selling it to the American public. If I were a President who wanted to have a strong environmental agenda, the last thing I would...
...dollars in stimulus spending to combat the global recession, debate is raging over whether the flood of money will provide much more than a short-term economic boost and whether much of the cash will ultimately be wasted. Vietnam, which like most Asian countries is being hammered by the downturn, is discovering that even the most direct form of stimulus spending - cash giveaways to citizens - can wind up in the wrong hands...