Word: downward
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Dates: during 2000-2009
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...losses backs that hope up. "With the economy growing again, things should feel more solid by spring, and that should start working to our advantage," says a senior Treasury official. Friday's report offers some comfort on that front, in that the monthly job-loss number continues to trend downward, and also because the 10.2% jobless rate gives the Federal Reserve little reason to begin raising interest rates anytime soon, which augurs well for economic improvement...
...Based on the most recent polls, it seems Scozzafava has little chance of winning; her support is trending downward, while Hoffman is gaining ground, putting him in a tight race with Owens with only four days left until voters go to the polls. The newest television ad on Hoffman's campaign website attacks Owens, now perceived as a bigger rival than Scozzafava. And on Thursday, Representative Pete Sessions, chairman of the National Republican Congressional Committee, told Politico that Hoffman would be welcomed "with open arms" into the GOP caucus, no doubt to the dismay of the party's official candidate...
While consumers and the retailers are bullish about the discounts, it's the book business that's throwing a fit. "The fear is that people get used to paying less for books than it costs to make them, which puts downward price pressure on everything," says Michael Norris, a publishing-industry analyst for research firm Simba Information. Wholesale prices for publishers and advances for authors could...
...Trade is the big wild card. Canada is riding a wave of replenishment by U.S. automakers and manufacturers, whose inventories hit record lows earlier this year as a result of restructuring and a downward spiral in consumer spending. But it's unclear how long that can sustain a recovery north of the 49th parallel. "If the Canadian dollar stays where it is, the job numbers will go the other way [i.e., worsen]," says Jean-Michel Laurin, vice president of global business policy for Canadian Manufacturers & Exporters (CME), the country's largest trade and industry association...
...week at $1.47, up 1.2% from before the Australian move. Like the Japanese yen, the dollar has effectively become a carry-trade currency. People borrow in the U.S. currency and use the proceeds to buy the Australian dollar, profiting from the interest rate differential and also the greenback's downward spiral. (See pictures of TIME's Wall Street covers...