Word: downward
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Dates: during 2000-2009
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...with believers, instructors who started class by venerating the Prophet Muhammad on his birthday, Ramadan classes where everyone was fasting and went all noodlely by the end. Most seemed sensible enough to realize you could lower or raise the spirituality volume of yoga as you pleased, and that doing downward facing dog didn't make you a bad Muslim. One of my girlfriends even attended a Sufi yoga class where the teacher played the daf (a Persian frame drum) and everyone chanted to the Shi'a Imam Ali. Many, like my mother, like to note the similarities between the physical...
...Zimbabwe Downward Spiral...
...Europe, where the European Central Bank was behind the curve in seeing the risks to growth that the credit crisis posed and kept interest rates too high for too long. Though Europe is not in outright deflation yet, the pressures across the continent are all trending downward. Even in China, the world's largest developing nation, officials acknowledge that the risk of inflation - their main concern at the time of the Beijing Olympics in August - is gone. At a high-powered international financial conference in Beijing over the weekend, a senior People's Bank of China official acknowledged to TIME...
...ferocity of the downturn under way, and the downward pressure it is putting on prices, cannot be underestimated, argues Shanghai-based independent economist Andy Xie. "The world doesn't need to just throw the kitchen sink at this to avoid a disastrous deflation, it needs to throw the bathroom sink, and the garage sink, and any other sink it can find." And it needs to hurry...
...factories temporarily shut down to work off an inventory glut, then jump almost as much when they reopened. Things don't really work that way anymore - the jobs disappearing now aren't temporary layoffs, and the increased reliance on debt in the U.S. economy may bring self-reinforcing downward pressures that weren't an issue back in the relatively frugal 1950s. (When you've got lots of debt, like General Motors or your neighbor with an adjustable-rate mortgage, you're in a far worse position to weather a sudden reduction in income...