Word: downturning
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...experts who analyze the failures of the economies of the largest countries in the world got a chance, for the first time since the downturn began, to contemplate what would happen if one more leg is kicked off the stool. The stock market responded with a shudder yesterday but at least did not collapse in response to the weekend media blitz about the Swine Flu outbreak. The reaction of the world's markets is likely to be close to panic if this disease becomes widespread and lethal. (See pictures of the swine flu outbreak in Mexico...
...wake of the recent economic downturn, Scott said this act will support AmeriCorps’ focus on five pressing issues—educational achievement, health care access, clean energy, support of veterans, and economic opportunities...
...drink. Waking up late one morning after a night in the bars of Singapore's Emerald Hill neighborhood, Troy Toon groggily admits he's still partying "though I try to have fewer drinks." A 29-year-old web designer, Toon says the downturn hasn?t driven away his customers, even if they are more frequently asking for discounts. "Some of them have been asking rates to go down by about a fifth," he says. So far Toon has been compensating for this lost revenue by being abstemious with taxis and other incidental expenses. "We're not facing too much trouble...
...Profitable Dentist magazine. "Ireland, the U.K., Brazil - dentists everywhere are telling me the same thing." Along with their smiles, employees are also rushing to look after their sight: Specsavers, a U.K. eyeglasses retailer with 12,000 corporate clients, saw year-on-year growth of 40% in 2008, despite the downturn. Corporate insurance provider CIGNA UK expects claims to jump as the crisis worsens. Says marketing director Ann Dougan: "People take a more proactive approach to their health when they worry they could lose private coverage...
...been here before. Graham Farquhar, a partner in Ernst & Young's employment tax division, says the mad rush "is reminiscent of what we saw during the downturn in 2001," with employees suddenly acting on perks they may have forgotten were on offer. Katarina, who lost her marketing job with a cosmetics firm in Frankfurt, joined a gym before her last day to secure a corporate discount, which saves her $40 a month. "I've been unemployed for the past month but my gym membership is still the rate of a working person's," she says...