Word: downturns
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...TIME: How is this downturn different than the one following the bursting of the dotcom bubble...
...going into economic prognostication. But I do think that, in essence, the computer is a tool of productivity, and in typical, traditional downturns in the past, tech has done better than other industries for that reason. The other thing that has happened since the last downturn is, the PC has become indispensable. This is the first time in our lives when, if you go home tonight and your computer breaks, are you going to say "Oh well, we're in an economic downturn, I'm not going...
...University of Toronto, the Canadian entrepreneur moved to the gulf city-state and co-founded property developer Universal Canlink Inc. By 2006 the firm had annual revenues of $15 million, luring foreign investors with tales of "meteoric" growth in the local property market. Lately, with the global financial downturn spreading to the Middle East, Ahmed has come back to earth. "Before, people were buying blindly, without asking much about the details," he says. "Now such risk takers have disappeared...
...Obama had everything going for him, Danforth said: the Bush drag, the unpopularity of the war in Iraq, the economic downturn and opting out of public financing to rake in a mind-boggling cash advantage...
Thank the 98-lb. weakling - the U.S. dollar - which, over the past several years, has made foreign travel outrageously expensive for Americans. Today, given the financial crisis, investors see the U.S. as safer than other markets - even though the downturn is largely the responsibility of Americans - and are flocking to the dollar. (Apparently there's no financial penalty for irony...