Word: downturns
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...everyone equated the financial downturn with a need for pecuniary curtailment. In a speech that received rousing applause from his colleagues, statistics professor Xiao-Li Meng said that the tough times gave Harvard a chance to snare top professors from less financially secure institutions...
...free it from pirate hands is considered too great - in most cases, the vessel's owners simply pay a ransom. Yet the threat of falling prey to pirates has not deterred shipping companies. Though some have changed their routes to avoid the Gulf of Aden, with the global economic downturn threatening to drive down demand for their services, they appear willing to risk the occasional ransom payment in order to stay in business. Nor are they transferring the cost to customers. Tony Mason, secretary-general of the London-based International Chamber of Shipping, says the pirate attacks have not pushed...
...economists and analysts worry that the dearth of consumer confidence, despite a low unemployment rate of about 4%, could weigh heavily in the long run. "A negative view of the world is more ingrained here," says Schuster. "People are more prepared to think that this downturn will last." Shirakawa says the mind-set of the Japanese public, which he calls structural pessimism, is, "Oh, it's a recession again" - a sentiment learned from the trials and tribulations faced during the Lost Decade. There is no easy solution to this endemic lack of confidence, he says; it requires different policy solutions...
...meeting comes more than a week after University President Drew G. Faust alerted the community in an e-mailed statement of the need to consider greater financial constraints in the face of an “unprecedented” economic downturn. But in interviews yesterday, many department chairs said they have not yet been informed what the new caution will entail and hope that today’s meeting will begin to answer their questions...
...financial crisis since the Depression, but university presidents are better off than ever. According to a Chronicle of Higher Education annual report released yesterday, executive compensation, particularly for public university presidents, is on the rise. But as universities across the country face budget cuts in light of the economic downturn, some top officials are declining salary raises or benefits. University President Drew G. Faust’s first-year salary will not be released until this spring. In 2006-2007, Ivy League presidents earned between $1—former University President Derek C. Bok forewent a salary during his interim...