Word: fall
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Dates: during 2000-2009
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...surely dampened by the Federal Reserve's new reading on the economy. Details of a meeting of Fed officials in late January reveal that they expect the economy to contract this year as much as 1.3%, a sharp downgrade from their expectation for modest growth in 2009, expressed last fall. The Fed also said that unemployment could reach 9% by the end of the year...
...Some 5,400 hotels will likely open globally in 2009 and 2010, the biggest surge in a decade, according to research firm Lodging Econometrics. UBS real estate analyst Eric Wong predicts a glut. As a result, revenue per available room - a common measure of hotel performance - is expected to fall in every major market in 2009. "Everybody was trying to grab a slice of the action," says Wong. "Now a lot may start to unravel...
Decline and Fall Re Postcard: as the pound loses its exalted position, why is the U.K. still refusing to join the euro [Feb. 9]? Could it be that the pound, and the monarchy it represents, are the only things left that uniquely identify the country - perhaps the most cosmopolitan in the world, with millions of people of diverse languages, cultures and philosophies all claiming British citizenship - as the Britain of the colonial era; and the past glory that era represents? Sarah Udoh-Grossfurthner, VIENNA
Asia's media expansion has mirrored the fall of its dictators, as newspaper readers thrill at no longer getting just the day's propaganda. In Indonesia, the number of newspapers has increased from a few dozen when strongman Suharto was deposed in 1998 to roughly 800 today. The market is so buoyant that a new English-language paper, the Jakarta Globe, revved up its printing presses last November, just as several cash-strapped American papers were readying their final editions. "The Indonesian middle class is growing, and many households subscribe to two newspapers," says Ali Basyah Suryo, strategic adviser...
...NYTimes.com, which at the time had 14 million. VG got 11 page views per session and almost 10 sessions per visitor a month - both figures almost twice those at the Times when the study was done. That boosts ad rates considerably. "If VG had the Times' numbers, revenue would fall by three to four times, and the site would be a loss-making entity," says Anand...