Word: downturning
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...there was the Rose, with its collection of more than 7,100 objects, including works by major American artists like Jasper Johns, Willem de Kooning, Roy Lichtenstein and Andy Warhol. In 2007 the collection was assessed by the auction house Christie's to be worth around $350 million. The downturn in the art market since last fall makes its value today anybody's guess, but it would still command a sizable sum. Brandeis trustees insist that if they can't raise money by selling art, they will have to reduce staff by 30% - there were already cuts last year...
...economy with a big jolt of federal dollars, and it's important that those dollars be spent in timely and temporary ways. But it's just as important that they be spent in ways that promote national priorities rather than undermine them. Fast is good, but this downturn is likely to last a while, no matter what the feds do. So smart is better. (See pictures of the recession...
...This recession was online advertising's big test. The internet, which is the most efficient medium, was supposed to outperform all of the others when budgets shrank. The oldest media businesses were supposed to perform worse with each downturn in the economy. The common assumption was that, over time, online advertising would eventually get 20% of all marketing dollars spent...
...indeed a touchy one. Early this year, the world was shocked to learn that many of Wall Street’s besieged “masters of the universe” had still pocketed vast sums of money in bonuses and salaries—despite the sharp economic downturn that some believe was caused largely by their decisions. Following suit, a group of 10 members of the College’s Class of 1969 have called for drastically lower pay for top executives at the Harvard Management Corporation, who manage the university’s endowment. They have also requested...
...economy with a big jolt of federal dollars, and it's important that those dollars be spent in timely and temporary ways. But it's just as important that they're spent in ways that promote, and don't undermine, national priorities. Fast is good, but this downturn is likely to last awhile no matter what the feds do. So smart is better...