Word: downturns
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...crisis is raising once again the issue of how far the government should go in rescuing banks, insurance companies, mortgage holders, credit-card issuers and now carmakers. GM has no doubts about it. "Immediate federal funding is essential in order for the U.S. automotive industry to weather this downturn," GM president Fritz Henderson admitted to investors during a conference call in which GM announced a third-quarter loss of $2.5 billion...
...been close to 140 years since Weir & Sons began trading jewelry on Grafton Street, a hot spot for Dublin shoppers. The business has weathered the years well. "We've seen ups and downs, wars and rebellions," says Neville McDowell, jewelry buyer for the family-run company. The latest downturn will test it again. After a "phenomenal" decade, McDowell says, a squeeze on spending means sales this year are expected to dip by 10%. Even for a hardy company, says McDowell, "business is tough...
...international plaudits and curious visitors. Delegations from Chile to China dropped in to learn first hand from its turnaround. But just as Ireland offered a blueprint during the good times, so its recent stumble - and prospects for recovery - may offer lessons to others in the grip of the global downturn...
...small in proportion to the city budget as a whole, reduction of services provided by DHS—among them mental health and day treatment programs—would have a large impact on Cambridge and surrounding communities. She also pointed out that in this time of fiscal downturn, the employees of human service agencies are worried about the security of their own jobs. “The very agencies that help people with the myriad of issues they face are struggling themselves because funding is reduced, and maybe they even have a spouse or partner who lost their...
...think it's the first impression. The challenge is to deliver once the honeymoon is over." Japan country manager Christine Edman says the new thriftiness hitting Tokyo has even helped their low-priced brand. "Sometimes the timing is good for us," says Edman. Perhaps even golden in an economic downturn...