Word: fall
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...Contrast that with Ireland. Since losing its edge in Europe - rising labor costs helped the country's share of euro-zone exports fall one-fifth between 2001 and 2008 - the Irish haven't shied from cutting their cloth in recent months. In his budget announced Dec. 9, for instance, Lenihan unleashed deeply unpopular cuts in public-sector pay that look set to trigger strike action. But when it comes to a spending squeeze of their own, says Tilford, "the Greeks are a long way from recognizing that they really have no choice." (Read "Ireland's Economy: Celtic Crunch Time...
...give building contractors a boost, but they represent a small slice of the economy. To next help out, say, bakers, policymakers would have to design a brand-new program. Plus, if such a program had an expiration date, we'd feel not just a rise in demand, but a fall later on as well. Car manufacturers and the people who work for them certainly did after the Cash for Clunkers discounts ended. (See 10 perfect jobs for the recession - and after...
...What's not watered down is the tab. The cost of average tuition rose 6.5% this fall, and a report released on Dec. 1 by the Project on Student Debt showed that the IOU is getting bigger. Two-thirds of all students now leave college with outstanding loans; the average amount of debt rose to $23,200 in 2008. In the last academic year, the total amount loaned to students increased about 18% from the previous year, to $81 billion, according to the U.S. Department of Education...
...H1N1 Vaccine With the world already grappling with a pandemic of 2009 H1N1 influenza, no treatment was more hotly anticipated or more in demand in the U.S. (and the rest of the northern hemisphere) than the new H1N1 vaccine when flu season officially kicked off in the fall. Despite the fact that the vaccine had proved effective in trials with one dose - rather than two, as researchers had originally expected - the vaccine supply from U.S. manufacturers still couldn't keep pace with demand in the first weeks of October, when the first million or so shots rolled off production lines...
...Woods missed a real chance to cushion his fall. His apology was vague and defensive, the feigned surprise at the harsh glare of "tabloid scrutiny" an approach that missed its mark. "I have not been true to my values," he told us. Probably so, but the statement was unverifiable; Woods calibrated his image as carefully as any man alive. Burned by a brash, freewheeling interview in GQ early in his career, he shrank from the spotlight even while courting it to augment his fortune. He shut out the press, cloistered his family in ritzy enclaves, abhorred distractions. This...