Word: downturns
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...Only 10% of all milk produced in the European Union is sold to consumers for drinking. One-third is used for making cheese, a quarter for butter, 12% for cream and the rest for milk powder and other products. Europe's cheese industry has been particularly hurt in the downturn. Unlike milk, which is seen as a staple, cheese is regarded as a luxury, and sales tend to drop off dramatically during a recession...
...European Commission has moved in the short term to help farmers rebound from the global downturn. In January, milk prices fell so fast that officials reinstated export subsidies, a controversial measure that means European milk is sold to the rest of the world at artificially low prices, sometimes destroying local markets in poorer countries. In March, the commission started buying up butter and skimmed milk, raising the specter of new butter mountains. (Officials said because the purchases were temporary and on such a small scale, they resulted only in what could be described as "butter hillocks...
...about 36 million visitors in 2009. In the past year, Las Vegas has had more than $13 billion of new business development as well as major projects that are set to open in the next few months. Like many cities, Las Vegas has felt the impact of the economic downturn. However, investors still have confidence in Las Vegas, and the long-term future of our city is bright. Oscar B. Goodman, Mayor, LAS VEGAS...
...about 36 million visitors in 2009. In the past year, Las Vegas has had more than $13 billion of new business development as well as major projects that are set to open in the next few months. Like many cities, Las Vegas has felt the impact of the economic downturn. However, investors still have confidence in Las Vegas, and the long-term future of our city is bright. Oscar B. Goodman, Mayor, las vegas...
...election, there has been no grand new mission, no ambitious vision of remaking Germany - or Europe, or the world - on view. As the continent's largest economy, Germany could have taken a lead to ensure that the European Union came together to weather the worst economic downturn in 70 years; it did not. Germany, to be sure, has contributed 4,000 troops to the NATO mission in Afghanistan. And yet there is deepening unease in Germany about the nation's involvement in the war there. That is partly because German troops are killing and being killed in greater numbers...