Word: downturns
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...anti-oligarch - to be the big, brash banking magnate whose estimated wealth prior to the financial crisis was around $3.7 billion and to decry the system that produces people like him, to live among the powerful while lambasting those who lord it over others. Before the global downturn, which Lebedev says has cost him $1 billion, he was a predictable, if persistent, critic of former President and current Prime Minister Vladimir Putin, routinely calling for an independent legislature, a free press and free elections, and a crackdown on corruption. Improving his image has been the Moscow tabloid he co-owns...
...electronics exports plunged 28% in the first half of 2009 compared to a year earlier, contributing to a 10.2% contraction of Taiwan's first-quarter GDP, the worst quarterly performance in the island's history. The government forecasts the economy will shrink by 4.25% in 2009. Even before the downturn, Taiwan's tech-dependent, export-dependent model was struggling. Between 2000 and 2007, Taiwan's GDP grew on average 4.1% a year, down sharply from the average annual rate of 6.5% from 1990 to 1999. Read "China's Panda Diplomacy With Taiwan...
...Yale] is very much still in expansion mode," Hafler said. "In spite of the downturn, Yale is going ahead with number of major recruits and and expanding number of programs." He added that though Harvard is "clearly not in expansion mode right now," the University already benefits from a "credible strength across the board" and what many regard as "the best medical complex on earth...
...dire predictions of massive unemployment leading to social upheaval haven't been borne out. But last week's killing of a steel-company executive by striking workers in northeastern China highlights the ongoing threat of labor unrest even as the country shows signs of emerging from the economic downturn...
...FLDS, centered in Bountiful, British Columbia, are facing polygamy charges. The men have appealed to Canada's high court saying the law banning polygamy violates the country's freedom of religion clause. Winston Blackmore, the group's self-described "Bishop of Bountiful," is pleading poverty due to a downturn in the community's sawmill business and is asking the Canadian government to foot his million-dollar legal bill...