Word: effected
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Dates: during 2000-2009
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...also followed a large group of Canadian college students and found that those who graduated during a recession initially suffered significant earnings losses, around 10%, and it took eight to 10 years for that effect to fade. Why do they take such a big hit and for so long? In a recession, well-paying firms and industries hire fewer workers, so college graduates have to take jobs with less attractive firms. Graduates can recover by finding a new job at a better-paying firm, but that process can take a long time. Some workers never actually recover. Those who graduated...
...stable jobs are an important part of the labor market, in terms of the entire population, they're not a dominating fraction. In a recession, everyone holds back on alcohol consumption, smoking and overeating. Also, there are fewer work and car accidents, and that could dominate the aggregate healthier effect...
...decision to prosecute Birkenfeld, whom some consider the most important whistle-blower in years, sends the worst possible message to other financial-industry insiders who might be considering coming forward. The Government Accountability Project (GAP), a Washington watchdog organization that has extensive whistle-blower experience, says a chilling effect is already apparent: a senior executive at a European bank that offers similar U.S. tax shelters is having second thoughts about going public because of the Birkenfeld case...
...required first-year course “Business, Government, and the International Economy,” plans to add cases on the sudden demise of the Icelandic banking system and on the effect of this recent economic crisis in the developing world, according to course head Rawi E. Abdelal...
...certain type of prejudice rarely applied to other Middle Eastern countries. Since when has it been acceptable to posit that all Jews think alike and that, in that sense, Goldstone should be praised for not “thinking like a Jew” and defending Israel? To that effect, many Jews worldwide do not fit the pro-Israel mold, a belief that the report’s proponents seem to harbor...