Word: downturns
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...unprecedented scale of violence in the past century. In the economic booms, said Ferguson, it was often minorities—such as the Jews in Europe and the Armenians in the Ottoman Empire—who disproportionately benefited. Then, “in the crunch, the blame for economic downturn could be placed on the successful minority,” he said. In a time of Western decline—as in any time of imperial decline—Ferguson said, “the question is: Who is in charge now?” While violence in the first...
...four panelists shared their perspectives on the role of journalism in shaping the financial behavior of the public. The panel members argued over whether financial crises could be predicted and whether the general population could respond to such information in order to minimize the extent of a potential economic downturn. In particular, they addressed the recent financial crisis, which was exacerbated by the subsequent collapse of funds that contained mortgage-backed bonds. Jane B. Quinn, a contributing editor for Newsweek, and Floyd Norris, chief financial correspondent for The New York Times, were joined by Jeffrey A. Frankel, professor...
While many firms in the financial sector are facing an economic downturn, they remain a strong presence at Harvard this fall, according to Deborah A. Carroll, assistant director for on-campus recruiting at Harvard’s Office of Career Services...
Chip Conley, the founder and CEO of Joie de Vivre Hospitality, which operates 40 boutique hotels and other properties, exemplifies San Francisco smarts in Peak: How Great Companies Get Their Mojo from Maslow. Conley's company was almost wiped out by the post-9/11 downturn. But the theories of renowned psychologist Abraham Maslow provided "mouth-to-mouth resuscitation," says Conley, a Stanford M.B.A. (In miniature: Maslow believed that as their basic needs are met, human beings and companies are able to strive for higher goals.) Despite a few New Age-y concepts like "karmic capitalism" and a tendency...
Apart from the risk that it will bring a recession, though, a housing boom turned bust is far from an unmitigated disaster. Some buyers will get great deals on Miami condos, that's certain. And in the San Diego suburb of La Mesa, the downturn has allowed Amy and John Tuttle to finally buy a house. "We tried to buy homes a few years ago, but the homes were too expensive," says Amy, 31, a clinical psychologist. "We put three bids on three different houses, and I think we were simply outbid." In August they closed on a recently foreclosed...