Word: downwardly
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...percent it hit last October - about the time when the economy was first hitting the skids. Since then, we?ve slipped into what is all but in name a recession - even though we haven't posted the required two consecutive quarters of negative growth, the revised-downward-once-already GDP Q2 growth number of a whopping 0.17 ought to convince you of that. But unemployment numbers tend to rise most on the way out of a recession, and indeed often continue to rise as a recovery gets under...
This time around, both the U.S. and German economies are flatlining, while that of Japan continues its slow, downward spiral. The Japanese unemployment rate has risen to 5%, while the Nikkei stock market index last week touched lows not seen since 1984. The world's three most powerful engines are out of juice. Worry...
...Michigan number used to move hearts and minds back in the spring, when a recession was constantly threatening to swoop down and savage our livestock. But it?s become sort of the default conventional wisdom that consumers? walletary outlook, while probably past its peak, is on the gentlest of downward slopes - and that business-centric numbers like inventory and production are the other shoe worth watching...
...natural habitat of the lone wolf, it's harder to run solo. "On Wall Street, aggression was equated with sales," observes Larry Fraser of Management & Capital Partners, consultants in hiring and organizational effectiveness. "But the aggression now prevalent on Wall Street is institutional aggressiveness in the market and a downward trend in individual success at any cost." Ten years ago, he notes, 10 of the top 15 institutional brokers on the Street paid employees by commission. Five years ago, that number was down to five. In the first quarter of this year, the last holdout, Robertson Stephens, switched to salary...
...series of northern English cities? All these explanations had their advocates. On the airwaves and on the streets, feelings were mixed - fury at the rioters, some anger at the police for weak tactics - but mostly fear that the city, already poor and sharply segregated, is on a downward spiral. Those who pick the bones of disaster were out in force. White gangs smashed a Pakistani-owned restaurant and service station. TV crews roamed the city seeking footage of more trouble. At Lister Park BMW, looted and charred, portable toilets arrived for the demolition crew. Harry Taylor, the general manager, wouldn...