Word: downturns
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...given annually to an HBS alum, is indicative of a growing focus on social enterprise at the Business School. In 2001, the HBS Business Plan Contest added a social enterprise track, and attendance at the school’s Social Enterprise Conference has grown consistently. And with the economic downturn limiting traditional job opportunities, more students have begun to explore social causes. Faculty Co-Chair of the HBS Social Enterprise Initiative Herman “Dutch” B. Leonard ’74, who served on the selection committee for the fellowship, said that the committee was impressed...
...fight the downturn and counter the previous failure, WPS has promised to learn from the mistakes that its predecessor, the WUSA, committed earlier this decade. Riding a euphoria that followed the U.S. victory in the 1999 World Cup (Brandi Chastain, shirt off), the WUSA's spending habits fit those overreaching times. "The churn rate in women's soccer 1.0 was dot.com-like," says Paul Swangard, managing director of the Warsaw Sports Marketing Center at the University of Oregon. The league, which folded in 2003, budgeted $40 million to finance its first five years of operation. It consumed $100 million...
...shoppers in today's economy, there's just too much temptation out there. Sure, your pockets are tight. But there are clearance sales in every store and deep discounts down every aisle. So how do you stop yourself from spending - especially when you know that during this awful downturn, you should be saving every last penny...
...Lewis and JP Morgan Chase CEO Jamie Dimon, who both noted that March was proving to be a more difficult month than either January or February. As Dimon told Bloomberg TV while standing outside the White House after a group of bankers met with President Obama, "This downturn - it's pretty powerful stuff...
...economy was much less integrated into a global economic system then than it is now. But given the retaliation from America's trading partners after the new tariffs were applied, few would argue with Zoellick's assessment that the contraction of trade in the 1930s made the long downturn worse than it needed to be. "Protectionism," British Prime Minister Gordon Brown told TIME recently, "is the road to ruin...