Word: downturns
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...already seen some of this throwing-the-kitchen-sink-at-the-problem approach over the past year. Expect much more in the coming months. Bernanke is committed to avoiding serious deflation, because he's convinced that serious deflation makes an economic downturn much worse by making it much harder for debtors to pay back loans. That's probably the right stance right now. When banks and consumers are both trying to cut back on their debts on a mass scale, deflation really is the big threat...
...expressing his "full support" for the man who had been a thorn in his side for over a decade. After spending a lifetime warring against Gayoom's dictatorship, Nasheed and his party know they, too, must be graceful in victory. The global financial crisis has sparked fears of a downturn in tourism, while Nasheed must also tend to a budding housing shortage and a staggering drug epidemic: by some estimates, 1 out of every 3 Maldivian youth is a drug addict. "We are not interested in revenge," says the MDP's Zaki. "Now is the time to look...
...once told me he never lost.) Over a year ago, Hoffman starting looking for funding to ensure that LinkedIn would be able to thrive during what he then described as the coming nuclear winter. (He figured a reserve of cash would help LinkedIn buy up companies during the downturn.) All in all, the company has raised $100 million, boasts a $1 billion valuation, and last week signed up its 30 millionth member. (A spokesman told me the sign-up rate has escalated of late and now includes one new member per second...
...China have yet to materialize. The anticipated rush of big-spending mainland tourists, for example, has proven to be only a trickle, due to continued restrictions on travel to Taiwan imposed by Beijing. "I think the good cross-strait policies have been blamed as a scapegoat for the downturn in the economy," says Chao Chien-min, a political scientist at National Chengchi University. "If times were better, I think the general attitude towards China would not be so strong...
...state's northern and eastern borders, historic black neighborhoods argue for space with new developments: golf courses, strip malls, gated communities, retirement villages - many that stand half finished, caught off guard by the subprime crisis. Such bedroom communities have been the worst hit in the state by the economic downturn; before the market plunge, high gas prices and highway congestion topped the list of concerns for those commuting to Washington or the northern Virginia cities of Arlington and Alexandria. This is the new face of Virginia - and the South - one where white working-class voters are being replaced by booming...