Word: downturning
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...majority of us - 87% - expect this holiday season will be as happy as or even happier than last year's. Meanwhile, the Secret Society of Happy People (which "encourages the expression of happiness and discourages parade-raining") reports traffic to its not-so-secret website has increased since the downturn. (See 20 ways to get and stay happy...
Everyone - or at least everyone who claims to be happy - has some reason for finding the upside to the downturn. Mine has to do with the end of Expectation Inflation, a phenomenon that can be as corrosive to our spirits as price inflation is to our savings. Expectations are a mash-up of hope and conceit, what you've earned and what you imagine luck might hand you as a bonus for just showing up. So what did it mean that over the past generation our expectations grew so big so fast that we had effectively supersized the American Dream...
...cheaply than their competitors and gain even greater market share. Today, four conglomerate banks (JPMorgan, Citigroup, Wells Fargo, and Bank of America) hold 39 percent of all domestic deposits. Placing this many eggs in four baskets will harm the entire economy should one mega-bank falter in a future downturn...
...combination of their unique backgrounds and quirky personalities lend Bowman and Hysen an original angle on Harvard’s most pressing issues, particularly in the context of a financial downturn...
...rejected that idea, and instead points the finger at the U.S.'s profligate spending and weak control of financial markets. Obama is expected to raise the renminbi issue during his visit to China, but with China trying to prop up an export sector that has suffered from the downturn, there is little hope that it will allow its currency to appreciate anytime soon...