Word: downturning
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...units has Energy Star-rated refrigerators and appliances, triple-paned windows to cut heat loss and smart thermostats. Those features help make Intervale the largest affordable Energy Star-certified building in the country. And energy efficiency can be a surprisingly effective economic stimulus in the middle of a downturn. According to the Department of Housing and Urban Development, low-income families spend some 17% of their income on utilities - a far bigger proportion than spent by the better off. "In this economy there are few levers you can pull for people," says Biberman. "You can't do jobs...
...liberals was clear: In such a situation, government must spend rapidly and lavishly to avoid a similar fate. This month, Geithner pledged that the administration was “going to do our best” to eschew Japan’s example. Last October, Summers compared the downturn to our current recession in a Financial Times column. And, in his first White House press conference, Obama warned that if Washington dithered, the U.S. might suffer a “lost decade” like Japan...
...surprise that the row revolves around cars, an industry badly hit by the downturn. Sarkozy's loan package was announced the day Peugeot Citroen revealed 11,000 job cuts worldwide. Sales at German firms such as VW, Europe's biggest carmaker, dropped 16% in January, BMW, the world leader in luxury autos, was down 22% and Daimler AG's Mercedes unit fell 35%. No surprise that European carmakers are pleading for an immediate $19 billion cash injection from...
...proliferation of national measures has alarmed the European Commission, which fears that France and others will use the downturn to undermine market and competition law. Commission President José Manuel Barroso pledged to scrutinize the French plan to make sure it worked "with the grain" of E.U. rules and maintained the integrity of the single market. "Some think that retrenching within their own group, their own region, their own country is the right response," he said. "But this carries the risk of unilateral reactions leading to a vicious downward spiral...
...vote came amidst a global economic downturn, as protectionism was on the rise everywhere and the masses feared for their economic security. It was supposed to be just another election, like many before and many to come. But on March 5, 1933, the German people put the last nail in the coffin of the Weimar Republic, overwhelmingly electing the National-Socialist Workers’ Party to their national parliament, the Reichstag...