Word: downturns
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...billions of dollars clouded the judgments of banks, brokers, and insurance companies, encouraging the predatory processes that led to the economy’s ultimate collapse. While policy was made in Washington and the major financial players operated in New York City, American taxpayers bore the brunt of the downturn, losing their homes to foreclosure and repossession and being asked to bail out the institutions that devastated them in the first place...
...luxury carmakers, the economic downturn has been particularly harsh. But Audi has withstood the downturn better than most - the automaker's sales are down 9.6% in the U.S. this year, compared with an overall slide of 26.7% for all luxury cars. Still, Johan de Nysschen, president of Audi's U.S. division, says the company can't afford to ride out the recession without making changes - it needs to continue to innovate. That is why Audi is pushing forward with clean-diesel technology, which de Nysschen believes is the quickest way to get fuel-efficient, less-polluting cars on the road...
...speakers at the forum, titled The Future of News, agreed that in order for newspapers to survive the economic downturn, there will be an inevitable shift from printed news to more online mediums...
Harvard may reorient its long-term fundraising strategy to focus more attention on unrestricted funds rather than earmarked gifts, University President Drew G. Faust said in an interview last week, giving voice to a policy that has become increasingly important in the midst of the recent economic downturn...
...that is unduly harmful to community residents. We can see the effects of poor financial planning simply by observing the pernicious effects of our stymied science-complex initiative, where plot vacancies and rodent infestations reveal the real implications of a stalled and invasive construction project. Arguments that the economic downturn affects Harvard just like any corporation or institution or that they were pressured to spend by self-interested individuals are unconvincing and do not exonerate Harvard of its responsibility to surrounding communities. Even though this financial crisis was very difficult to predict, a less risky investment approach and more conservative...