Word: firming
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...rest? We were looking at workers who had a stable job at a good firm, and it usually takes a long time to find such a good job match. These types of jobs pay more, but they don't come along that easily. Once you lose such a good job, you may not find another like it. There was a component of luck in having found that matching job, and it's hard to get lucky twice...
...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 from smaller, less prestigious schools...
...like Dollar Tree's plan. Though the worst of the downturn may be over, the recovery promises to be slow. "Extreme value is going to be the gold standard as far as the eye can see," says Howard Davidowitz, chairman of Davidowitz & Associates, a retail-consulting and investment-banking firm. In addition, Dollar Tree is well positioned to take advantage of low real estate prices. "Landlords are looking for growing retailers to fill vacant boxes," says Champine. "Dollar Tree fits." (Read "Inspired by McDonald's, Walmart Creates Its Own Dollar Menu...
When Tom Cruise starred in the film adaptation of the legal thriller The Firm, the book's author John Grisham later tipped his hat to Cruise, who played a recent Harvard Law School grad: "I thought [Cruise] did a good job," Grisham said in an interview with Entertainment Weekly. "He played the innocent young associate very well...
...British media-law expert Razi Mireskandari, whose firm Simon Muirhead & Burton has successfully defended the publication of sexually explicit photographs by Robert Mapplethorpe in the U.K., says Tate Modern would be unlikely to lose an obscenity case. The U.K.'s Obscene Publications Act defines as "obscene material" anything that would "tend to deprave and corrupt" the public. "That doesn't mean just 'upset or put off,' " says Mireskandari. But, he notes, the U.K.'s Protection of Children Act might come into play. "The key tests would be whether the child is posed provocatively, whether there was an element of lewdness...