Word: downturns
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...Professional sports have changed a lot since the dark days of the Depression. Downturn or not, it's no longer cheap to follow a team first hand. Gentrified soccer stadiums and ballparks lean more heavily on corporate dollars than the wallet of the average fan. What's more, figuring out who's a real star, when so many top athletes are marketed as one, has never been trickier. But millions of fans still crave the distraction sport can offer: witness the frenzy that followed Jamaican sprinter Usain Bolt's electrifying performances at this summer's World Championship in Athletics. (Read...
...Science Professor Stuart M. Shieber ’81, the faculty director of the Office for Scholarly Communication at Harvard, wrote in an e-mailed statement. Even under the open-access model, authors generally must pay fees to publishers. This has led some professors to worry that the economic downturn will keep lesser-known authors from publishing due to higher fees that may be implemented to offset costs, according to John Saylor, an associate librarian at Cornell. “We’ve just about hit the ceiling on what universities are able to support in terms of subscription...
...five to 15 paintings,” Bataclan says. “In lean times just five, in really good times I leave more.” In the past year the message associated with the project has changed, though the ultimate goal remains the same. Since the economic downturn began last year, Bataclan changed the notes to proclaim a message that “Everything will be alright.” “I feel like, as an artist, this is one of the best ways that I can help out right now,” Bataclan says...
...crippling economic downturn with its mounting job losses and frozen credit markets has extended far beyond mainstream America, hitting high-end consumers in their Gucci pocketbooks. "This is one of the worst financial crises of our time, and [luxury] has been one of the hardest hit markets for retailers," said Monica Aggarwal, a director in Fitch Ratings Retail Group...
...veteran political reporter Dick Meyer's book Why We Hate Us, which charts the ways in which modern Americans have become disillusioned with their government, culture and society. It's easy to dismiss Meyer as a malcontent lamenting a lost time. But in the wake of an economic downturn caused by greed and selfishness, Meyer's 2008 writing looks positively prescient. TIME talked with the author about how his book, due to be re-released in paperback on Sept. 22, might have changed in light of two enormous events - the historic election and the worst recession in decades...