Word: downturning
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...Men’s Forum, spent his first two summers as a college student working at prominent financial firms. As a freshman, Bear Stearns came calling. Goldman Sachs took him on as a sophomore. And those were not his only choices.But in the face of the most disastrous financial downturn since the Great Depression, times have changed, Delle said, and so has his grip on the job market. “Last year I had offers from everywhere, from Merrill Lynch to Bear Stearns to Morgan Stanley, he said. “Half these firms don’t exist...
...fiscal responsibility. Obama’s pledge points to either higher taxes down the road,or to broken promises. Higher taxes during recessions only exacerbate the pain felt by Americans and slow down recovery. The alternative, running a large deficit, is surely better than remaining in an economic downturn. In many ways, the wasteful, destructive policies of the Bush administration that turned a budget surplus into the largest deficit since World War II have limited Obama’s options. Eventually, he will have to take steps to cut the budget deficit. However, a large deficit is much more harmful...
...more logical and practical option is to increase airfares, despite the frustration many people will undoubtedly feel as they themselves feel the pinch of the economic downturn. Regardless, the public ought to remember that we are not entitled to being flown to our destination of choice for a low price; everyone, including airlines, is affected by the financial crisis. If increasing airfares is the only way to avoid catastrophes like the JetBlue affair, then the public must accept the economic realities of the airline industry and be prepared to shell out just a little more...
...Slowly and systematically we've seen these laws lifted in past century, even more so when there has been an economic downturn," Laband says. "States realize that consumers will migrate to a place where they can buy what they want. And whatever their reasons are for not wanting to sell on Sunday, these states realize they're paying a price for it in foregone tax revenues. So once the economy goes bad, then the cost of their policies are apparent to them...
...China has shown the world in the last 30 years that development can be defined in many ways. But the combination of censorship, autocratic rule, and an oligarchic elite resented by lower classes does not bode well, particularly in times of economic downturn. If media censorship is the Chinese version of the French Bastille, perhaps the next fire at CCTV headquarters will be more than an unfortunate accident...