Word: downturning
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...last, I remember thinking. I had no real idea how it would end, though, just a vague sense that the Chinese mix of economic freedom and political repression might eventually prove combustible. Well, we're still waiting on the combustion - China is already motoring out of the global economic downturn, and its government seems as cohesive and entrenched as ever. But the economic romance between the world's most populous nation and the biggest multinational corporations is nonetheless on the rocks. (Watch TIME's video of Peter Schiff trash-talking the markets...
Lacroix's chief executive, Nicolas Topiol indicated that the brand would continue, despite this setback. "Since the acquisition of Christian Lacroix SNC, we have been committed to the brand and to its high-end development," Topiol said in a statement. "We will continue to do so, but the sharp downturn of the luxury market has significantly hurt our revenues...
...bankers. Japanese bank Nomura has also been hiring here. Alan Schwartz, who was formerly the head of the failed investment bank Bear Stearns, recent landed a job at one of Wall Street's so-called boutiques, Guggenheim Partners. He's not alone. Recruiters say not only was the job downturn in the financial industry shallower than the rest of the economy but it appears to be turning earlier as well...
...state initiative is more likely to help your career than giving an educated but honest appraisal of actual patients' well being. The only salvation from this might be, strangely, the recession. Traditional medicine, without the consumer marketing or institutional pandering to federal agencies, is cheaper. And if the downturn turns down low enough, we'll need to turn down demand. And stop hawking medicine...
...friend." The two national leaders met privately for roughly an hour at Dresden Castle, a Thirteenth Century building that has been rebuilt since the 1945 bombing, discussing a wide range of issues, from Iran, to the Israeli-Palestinian conflict, to issues of global warming and the economic downturn. (See pictures of heartbreak in the Middle East...